Marcus & Millichap Arranges Sale Of 11-Unit Multifamily Building In Boston For $3.15M

A multifamily building located at 11 Schubert Street in Boston, MA has been sold for $3,150,000. This property consists of 11 units and encompasses a total area of 9,360 square feet, resulting in a price per unit of $286,364 and a price per square foot of $337. The building features a combination of one- and two-bedroom units along with seven parking spaces.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,150,000
• Units: 11
• Square Feet: 9,360
• Price Per Unit: $286,364
• Price Per Square Foot: $337

The transaction was facilitated by Evan Griffith and Tony Pepdjonovic from Marcus & Millichap, who arranged the sale. The property attracted five offers due to its brick exterior, limited local supply, and the presence of vacant units that are prepared for renovation.