Property Details
Basic Information
- Property SubType: 5+ Family - 5+ Units Up/Down
- MLS Number: 73580647
- Mls Status: New
- List Price: $2,999,999
- Date Listed: 09/22/2026
- Units: 5
- Description: Stabilized South End multifamily asset offering in-place income and defined upside. 775 Tremont Street comprises five fully leased two-bedroom residences generating $15,651 per month and $187,812 in current annual residential rent, with leases extending through 2027. Renovated in 2021, the units feature modern kitchens with dishwashers, hardwood floors and in-unit laundry. Recent building improvements include an updated Navien heating and hot-water system (2023). Rear decks, two roof decks and two off-street parking spaces further distinguish the property. The parking spaces are not presently rented, creating an immediate opportunity for additional income. Based on market-rent and parking assumptions, the seller's pro forma projects $249,000 in annual gross income and a 5.80% cap rate. Well suited to a long-term hold or 1031 exchange buyer seeking a stabilized Boston asset, the property also offers future value-add and repositioning potential. Its location near major universities, medical centers, Back Bay, the Prudential Center, MBTA service and Tremont Street dining supports enduring rental demand, complemented by a 97 Walk Score, 96 Transit Score and 97 Bike Score.
Building
- Acreage: 0.04
- Square Feet: 3,800
- Year Built: 1899
- Zoning: R4
- Stories: 7
- Rooms: 31
- Roof: Slate, Rubber
- Foundation: Block
Location
- County: Suffolk
- Neighborhood: South End
- Subdivision: South End
- Town: Boston
Finance
- Taxes: $26,265
Interior Features
Bedrooms
- Bedrooms: 10
Bathrooms
- Bathrooms: 10
- Full Baths: 6
- Half Baths: 4
Basement
- Basement: Full, Unfinished
Utilities and Appliances
Utilities and Appliances
- Appliances: Range, Dishwasher, Refrigerator, Freezer, Washer, Dryer
- Appliances Included: Range, Dishwasher, Refrigerator, Freezer, Washer, Dryer
Community
Amenities
- Amenities: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University, Other
- Other Amenities: Basement, Fireplace