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.
MLS Listing ID: | 73356963 |
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Listing Price: | $10,000,000 |
Listing Status: | Active [?] |
Neighborhood: | Back Bay |
Property Type: | Multi Family |
Bedrooms: | 23 |
Full Baths: | 23 |
Living Space: | 13246 sf. |
Lot Size: | 0.09 acres (3920 sf.) |
Parking: | Yes |
Taxes: | $51,616.00 |
Listing Current as of April 19, 2025 5:00pm
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