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Historic Boston Incorporated Sells Multifamily Property At 681-683 Washington Street For $3.3M

Property Image
SOLD
$3,300,000

Massachusetts

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MultiFamily8,580 SF
Sold 02/13/2025
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Property Image
SOLD

Historic Boston Incorporated Sells Multifamily Property At 681-683 Washington Street For $3.3M

681 683 Washington Street

See Similar Deals
MultiFamily8,580 SF
Sold 02/13/2025
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$384
Total Square Footage:8,580 SF
Transaction Type:Sale

This multi-family property located at 681-683 Washington Street in Boston, MA, involves a sale transaction. The property has a sale price of $3,300,000 and comprises 5 units spread over a total square footage of 8,580. The price per unit is $660,000, while the price per square foot is $384.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $3,300,000
  • Seller: Historic Boston Incorporated
  • Broker: Collin Bray - Century 21
  • Total Units: 5
  • Square Footage: 8,580
  • Price Per Unit: $660,000
  • Price Per Square Foot: $384
  • Date of Sale: 02/13/2025

Collin Bray represented the seller, Historic Boston Incorporated, in this transaction, facilitating the sale process and ensuring all necessary details were managed effectively throughout the deal.

Players

Collin Bray
9 deals$26.6M volume
BROKER

Details

SOLD
IMAGE: Collin Bray DATE: 02/13/2025 ADDRESS: 681-683 Washington Street MARKET: Boston, MA ASSET TYPE: MultiFamily SELLER: Historic Boston Incorporated (@HistoricBostoninc) BROKER: Collin Bray (@CollinBray) - Century 21 (@Century21) SALE PRICE: $3,300,000 UNITS: 5 ~ PPU: $660,000 SF: 8,580 ~ PPSF: $384

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

$175,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20