775 Tremont Street
$2,999,999
10
Beds
6/4
Baths
3,800
Sqft
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$2,999,999
10
Beds
6/4
Baths
3,800
Living Area
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Property Description
Stabilized South End multifamily asset offering in-place income and defined upside. 775 Tremont Street comprises five fully leased two-bedroom residences generating $15,651 per month and $187,812 in current annual residential rent, with leases extending through 2027. Renovated in 2021, the units feature modern kitchens with dishwashers, hardwood floors and in-unit laundry. Recent building improvements include an updated Navien heating and hot-water system (2023). Rear decks, two roof decks and two off-street parking spaces further distinguish the property. The parking spaces are not presently rented, creating an immediate opportunity for additional income. Based on market-rent and parking assumptions, the seller’s pro forma projects $249,000 in annual gross income and a 5.80% cap rate. Well suited to a long-term hold or 1031 exchange buyer seeking a stabilized Boston asset, the property also offers future value-add and repositioning potential. Its location near major universities, medical centers, Back Bay, the Prudential Center, MBTA service and Tremont Street dining supports enduring rental demand, complemented by a 97 Walk Score, 96 Transit Score and 97 Bike Score.
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Highlights
- Area: South End
- Parking Spots: 2
- Property Type: 5+ Family - 5+ Units Up/Down
- Total Rooms: 31
- Status: Active
- Levels: 7
- Property Class: Residential Income
- Stories: 7
- Year Built: 1899
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Additional Details
- Appliances: Range, Dishwasher, Refrigerator, Freezer, Washer, Dryer
- Fireplaces: 2
- Foundation: Block
- Roof: Slate, Rubber
- Total Number of Units: 5
- Year Built Source: Public Records
- Basement: Full, Unfinished
- Flooring: Wood
- Lot Features: Level, Other
- SqFt Source: Other
- Year Built Details: Actual
- Zoning: R4
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Amenities
- Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University, Other
- Parking Features: Off Street, Deeded
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $2,118,200
- Taxes: $26,265
- Tax Year: 2026
- Total Rent: $15,651
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
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