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

Property Image
SOLD
$3,150,000

Massachusetts

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MultiFamily9,360 SF
Sold 02/05/2026
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Property Image
SOLD

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

11 Schubert Street

See Similar Deals
MultiFamily9,360 SF
Sold 02/05/2026
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$336
Total Square Footage:9,360 SF
Transaction Type:Sale

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.

Players

Evan Griffith
65 deals$388M volume
BROKER

Tony Pepdjonovic
Marcus & Millichap
77 deals$383.6M volume
BROKER

Details

SOLD
IMAGE: Evan Griffith & Tony Pepdjonovic DATE: 02/05/2026 ADDRESS: 11 Schubert Street MARKET: Boston, MA ASSET TYPE: Multifamily BROKERS: Evan Griffith & Tony Pepdjonovic - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $3,150,000 UNITS: 11 ~ PPU: $286,364 SF: 9,360 ~ PPSF: $337 NOTE: Marcus & Millichap arranged the sale of an 11-unit, 9,360-square-foot multifamily building at 11 Schubert St. in Boston’s Roslindale for $3.15M. The property, with a mix of one- and two-bedroom units and seven parking spaces, drew five offers due to its brick exterior, limited local supply, and vacant units ready for renovation.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$168,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,191.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,932.61
Annual Debt Service$179,191.28