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You are here:
16 Days on Boston Pads
9 Photos
$2,399,500
5 Unit
11 Beds
5 Baths
2912 SQFT
0.06 Acre
272-274B Meridian
Boston, MA 02128

Property 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 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!

Property Overview

Property Details click or tap to expand

Building Information

  • Total Units: 5
  • Total Floors: 14
  • Total Bedrooms: 11
  • Total Full Baths: 5
  • Amenities: Highway Access, Public School, Public Transportation, Shopping, T-Station
  • Basement Features: Concrete Floor, Full, Interior Access
  • Common Interior Features: Tile Floor

Financial

  • APOD Available: No
  • Gross Operating Income: 183000
  • Net Operating Income: 183000

Utilities

  • Electric Info: Varies per Unit
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Floors: 3

Unit 4 Description

  • Floors: 4

Construction

  • Year Built: 1899
  • Type: 4 Family
  • Construction Type: Aluminum, Brick, Frame, Stone/Concrete
  • Foundation Info: Poured Concrete
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Tile, Vinyl
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73289670
  • Last Updated: 09/25/24

Property History click or tap to expand

Date Event Price Price/Sq Ft Source
09/16/2024Active$2,399,500$824MLSPIN
09/12/2024New$2,399,500$824MLSPIN
11/11/2022Sold$1,725,000MLSPIN
04/22/2022Under Agreement$1,799,999MLSPIN
04/21/2022Price Change$1,799,999MLSPIN
02/28/2022Extended$1,999,999MLSPIN
02/28/2022Extended$1,799,999MLSPIN
06/30/2021Active$1,999,999MLSPIN

Mortgage Calculator

View Breakdown

Map & Resources

O'Donnell Elementary School

Public Elementary School, Grades: PK-6

0.15mi

Mario Umana Academy

Public Elementary School, Grades: PK-8

0.17mi

Otis Elementary School

Public Elementary School, Grades: PK-6

0.28mi

East Boston Central Catholic School

Private School, Grades: PK-8

0.31mi

Alighieri Dante Montessori School

Public Elementary School, Grades: PK-6

0.33mi

East Boston High School

Public Secondary School, Grades: 7-12

0.4mi

Veronica Robles Cultural Center

Music School

0.03mi

Lomba Driving School

Driving School

0.11mi

Bilares

Bar

0.08mi

Eddie C's

Bar

0.42mi

Sweet BoBa

Bubble Tea (Cafe)

0.11mi

The Well

Coffee Shop

0.14mi

East Boston Farmstand

Cafe

0.28mi

Eagle Hill Cafe

Coffee Shop

0.29mi

Dunkin'

Donut & Coffee Shop

0.04mi

Subway

Sandwich (Fast Food)

0.1mi

Massachusetts State Police Troop F

Police

0.54mi

Massachusetts State Police Troop F

Police

0.56mi

Boston Fire Department Engine 5

Fire Station

0.5mi

Engine 9 and Ladder 2

Fire Station

0.54mi

East Boston Neighborhood Health Center

Hospital

0.24mi

Spaulding Rehabilitation Hospital

Hospital

0.51mi

Veronica Robles Cultural Center

Music Venue

0.03mi

Atlantic Works Gallery

Gallery

0.31mi

Paris Street Pool

Swimming Pool. Sports: Swimming

0.26mi

America Soccer Store

Sports Centre. Sports: Soccer

0.15mi

Beacon Hill Athletic Clubs

Fitness Centre

0.01mi

East Boston YMCA

Fitness Centre. Sports: Fitness

0.35mi

AXL Cycle Studio

Fitness Centre

0.37mi

Albert Bertulli Park

Municipal Park

0.04mi

Meridian-London Triangle

Park

0.2mi

Decatur and Meridian Park

Municipal Park

0.24mi

Veterans Park

Municipal Park

0.25mi

London Street Park

Park

0.28mi

Bremen Street Park

Park

0.34mi

Detective Walter E. Malone Square

Park

0.35mi

Albert "Junior" Lombardi Memorial Park

Park

0.36mi

Central Park Lanes Bowling Center

Bowling Alley

0.01mi

Paris St Playground

Playground

0.26mi

Chase

Bank

0.05mi

Citizens Bank

Bank

0.06mi

Rockland Trust Bank

Bank

0.08mi

Rockland Trust Bank

Bank

0.37mi

Santander

Bank

0.38mi

TD Bank

Bank

0.42mi

The Threading Place

Hairdresser

0.01mi

Jonathan's & Lesley

Hairdresser

0.07mi

CVS Pharmacy

Pharmacy

0.08mi

Walgreens

Pharmacy

0.11mi

BD's Discount Furniture

Furniture

0.09mi

Marshalls

Department Store

0.09mi

Shaw's

Supermarket

0.04mi

El Valle de la Sultana Market

Supermarket

0.24mi

Sava's Market

Supermarket

0.29mi

La Esperanza Market

Convenience

0.02mi

Meridian St @ Saratoga St

114
116
117
121

0.03mi

Meridian St @ Lexington St

114
116
117

0.06mi

Bennington St @ Porter St

120

0.08mi

Lexington St @ Meridian St

121

0.08mi

Bennington St @ Porter St

120

0.08mi

Meridian St @ Liverpool St

114
116
117
120
121

0.14mi

Lexington St @ Marion St

121

0.16mi

Bennington St @ Marion St

120

0.16mi

Seller's Representative: Brian Rivas, Carlton's Wharf & Co.
MLS ID#: 73289670

© 2024 MLS Property Information Network, Inc.. All rights reserved.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-09-25 23:57:00

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