529 Beacon consists of a four-story brick building with 23 residential units comprised of 9 Studio units and 14 1-Bedroom/1-Bathroom units. Tenants of the property are responsible for their own heat (electric) while the landlord is responsible for common area electric, gas-fired hot water and domestic water and sewer. The Property also offers 4 parking spaces and an on site laundry facility. 529 Beacon, which is fully sprinklered, features recent capital improvements including a new roof (2024), renovated common areas and various cosmetic improvements to the units’ interiors. 529 Beacon offers the opportunity to acquire a trophy asset in a highly desirable urban-infill location. The subject property is ideal for a potential buyer looking for income growth and strong investment returns. In place rents are below market rates, providing significant potential for upside by achieving market rents through programmatic upgrades.
— MLSPIN #: 73356963Map of 529 Beacon St, Boston, MA 02115
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| List Price: | $10,000,000 |
|---|---|
| Status: | New |
| MLS ID: | 73356963 |
| Town: | Boston |
| Neighborhood: | Back Bay |
| County: | Suffolk |
| Zip: | 02115 |
| Property Type: | Residential Income |
| Property Sub Type: | 5+ Family - 5+ Units Up/Down |
| Bedrooms: | 23 |
| Full Baths: | 23 |
| Living Area: | 13,246 sqft |
| Acres: | 0.09 |
| Taxes: | 51,616 |
| Lot Features: | Other |
| Parking Features: | Off Street, Leased |
| Status: | Active |
| Water Source: | Public |
| Year Built: | 1899 |
| Roof: | Rubber |
| Directions: | Please Use GPS |
| Foundation Details: | Brick/Mortar |
| Electric: | Individually Metered |
| Listing Contract Date: | 2025-04-09 |
| Lot Size Area: | 0.09 |
| Lot Size Square Feet: | 3,920 |
| Rooms Total: | 51 |
| Bathrooms Total Integer: | 23 |
| Building Area Source: | Public Records |
| Building Area Total: | 13,246 |
| Community Features: | Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University |
| Levels: | 4 |
| Living Area Units: | Square Feet |
| Lot Size Units: | Acres |
| Number Of Units Total: | 23 |
| Rent Includes: | Unit 1(Water, Hot Water), Unit 2(Water, Hot Water) |
| Road Frontage Type: | Public |
| Sewer: | Public Sewer |
| Waterfront Features: | Beach Front, 1/2 to 1 Mile To Beach |
| Zoning: | A |
| Stories Total: | 4 |
| Year Built Source: | Public Records |
| Disclosures: | Total Monthly Rent is $58, 525. $32, 767 is the maximum input allowed by MLS |
| Farm Land Area Units: | Square Feet |
| Gross Income: | $712,162 |
| Listing Agreement: | Exclusive Right To Sell |
| Apod Available: | Yes |
| Comp Based On: | Net Sale Price |
| Disclosure: | No |
| Dpr Flag: | No |
| Flrs 1: | 1 |
| Flrs 2: | 1 |
| Gre: | 163,239 |
| Lead Paint: | Unknown |
| Lease 1: | Yes |
| Lease 2: | Yes |
| Levels 1: | 1 |
| Levels 2: | 1 |
| Listing Alert: | No |
| List Price Per Sqft: | $754.94 |
| Page: | 166 |
| Price Per Sqft: | $754.94 |
| Square Feet Incl Base: | No |
| Sub Agency Offered: | No |
| Net Operating Income: | $548,923 |
| Operating Expense: | $163,239 |
| Original List Price: | $10,000,000 |
| Parking Total: | 4 |
| Tax Assessed Value: | $4,414,200 |
| Tax Year: | 25 |
| Total Actual Rent: | $32,767 |
| Year Built Details: | Approximate |
| F Bths 1: | 1 |
| F Bths 2: | 1 |
| Hot Water: | Natural Gas |
| Rent1: | 2,100 |
| Rent2: | 2,150 |
Disclaimer:
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
MLS Property Information Network, Inc. data last updated on April 12, 2025 03:55 PM
Property Last Updated: April 10, 2025 07:31 AM
Listing Courtesy of: Horvath & Tremblay
Listing Agent: Kelleher - Pentore Team
781-776-4004
