272-274B Meridian Street

Boston, MA 02128

$2,349,000
Price
11
Beds
5
Baths
2,912 Sq. Ft.
$807 / Sq. Ft.
2,912
Sq. Ft.
$807
per Sq. Ft.

Description

Own a mixed-use commercial/residential building in East Boston with strong cash flow or transform into a larger redevelopment project! This 4-story property features a commercial space on the street level, along with 3+ residential units above. Great for a profitable buy/hold with potential 7%+ cap rate. With notable luxury apartment developments nearby, take advantage of Mixed-Use 7 story Zoning Designation in this emerging and growing area of the East Boston Waterfront. Located in between East...Own a mixed-use commercial/residential building in East Boston with strong cash flow or transform into a larger redevelopment project! This 4-story property features a commercial space on the street level, along with 3+ residential units above. Great for a profitable buy/hold with potential 7%+ cap rate. With notable luxury apartment developments nearby, take advantage of Mixed-Use 7 story Zoning Designation in this emerging and growing area of the East Boston Waterfront. Located in between East Boston’s Historic Eagle Hill and Maverick Square, enjoy the convenience of Liberty Plaza (CVS, Shaw's, Kappy's Liquors), Meridian street restaurants/shops and direct access to Downtown Boston via Maverick MBTA (0.5 mile) or water ferry!
  1. Listed by Brian Rivas • Carlton's Wharf & Co.
  2. Listed by Jorge Rodriguez • Carlton's Wharf & Co.

Property Details for 272-274B Meridian Street

Town
Boston
MLS Area
East Boston's Eagle Hill
Area
MA-Boston-East Boston's Eagle Hill, MA-Boston
Garage Spaces
0
Parking Spaces
.00
LISTING UPDATED: 10/26/2024 03:10 AM

Property Details for 272-274B Meridian Street

StatusActive
MLS #73289670
Days on Market49
Taxes$16,953 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family
Year Built1899
CountySuffolk County

Building Information for 272-274B Meridian Street

Stories14Residences5Year Built1899Building Size-Lot Size0.06 AC / 2,534 SF

Property Information for 272-274B Meridian Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Highway Access, Public School, T-Station
  • Living Area: 2912.0
  • SqFt with Basement: No
  • Total Units: 5
  • Waterfront: No
  • Year Built Details: Actual,Renovated Since
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full, Interior Access, Concrete Floor
  • Num of Baths: 5.0
  • Num of Full Baths: 5
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 5.00
  • Bathrooms Total Integer: 5
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Tile, Vinyl, Varies, Hardwood
  • SpaYN: No
Exterior Features
  • Construction: Frame, Brick, Stone
  • Exterior Features: Varies per Unit
  • Lot Description: Corner Lot, Gentle Sloping, Level
  • Patio And Porch Features: Patio - Enclosed
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: On Street Permit
  • Open Parking: Yes
  • Parking Features: On Street Permit
  • Parking Features: On Street Permit
Utilities
  • Electric: Varies per Unit
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Buyer to perform due diligence on zoning. #2 is a 3 BD/1 BTH,currently vacant (rent comps $3000-$3300/month). Current gross income includes vacancy for #2. Financials to be delivered upon request. Utility room accessed through barbershop. This is a legal three-family plus commercial.
Tax Information
  • Tax ID: 1330201
  • Assessments: $0
  • Book: 0
  • Tax Year: 2024
  • Zoning: 0
Building / Association Information
Living Characteristics
  • Beds Total: 11
  • Total Living Levels: 14
Other Building Characteristics
  • Foundation: Concrete Perimeter
Income / Expenses
  • GOI: $183,000.00
  • NOI: $183,000.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Levels U3: 0
Unit 4 Description
  • Floor U4: 4
  • Levels U4: 0
Rental Info
Rental Info
  • Total Actual Rent: $15,250.00

Property History for 272-274B Meridian Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 272-274B Meridian Street

Taxable ValueLand$145,100Additions$695,400Total$840,500
Home Facts
Total Finished SqFt2,912 SqFtAbove Grade Finished SqFt2,912 SqFtStories3Lot Size2,534 SqFtStyleOffice BuildingYear Built1899Year Renovated1970ZoningRCCountySUFFOLKAPNEBOS W:01 P:05936 S:000

Schools near 272-274B Meridian Street

This home is within Boston School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - PK to 8
Public - 7 to 12
Public - PK to 6
Rating
School
Distance
Hugh Roe O'Donnell Elementary School
PublicPK to 6

Umana/Alighieri K-8
PublicPK to 8

East Boston High School
Public7 to 12

Otis Elementary School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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272-274B Meridian Street is a multi-family home for sale in Boston, MA 02128. This property was listed for sale on September 12, 2024 by Carlton's Wharf & Co., it's currently listed at $2,349,000. It has been on the market for a total of 49 days and was last sold on October 20, 2022. This listing's school district is Boston School District. Nearby schools include Hugh Roe O'Donnell Elementary School, Umana/Alighieri K-8 and East Boston High School. 272-274B Meridian Street is a 11-bed, 5-bath, 2,912 sqft multi-family home built in 1899.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Carlton's Wharf & Co., Brian Rivas; Carlton's Wharf & Co., Jorge Rodriguez

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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 or leasing 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 or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS 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.