For Sale — 8-Unit Multifamily Investment Property
60 North Margin Street
North End, Boston, MA 02113
A fully renovated, turnkey eight-unit building in Boston’s historic North End — seven two-bedroom apartments and one studio, fully leased, with modern finishes and no deferred maintenance.
Property Summary
Exclusive North End opportunity
Turn Key 8 unit fully leased building
60 North Margin Street is a fully renovated, turnkey eight-unit multifamily building on the western edge of Boston’s North End — one of the city’s most sought-after and supply-constrained rental markets. Built in 1899 and renovated since, the property sits within walking distance of Downtown Boston, the Financial District, Government Center, Faneuil Hall, North Station, and multiple MBTA transit lines.
The unit mix — seven two-bedroom apartments and one studio — is fully leased through 2027 and produces $300,900 in annual gross income against $35,378 in operating expenses. The residences feature exposed brick, hardwood flooring, abundant natural light, and updated kitchens with granite countertops and newer appliances. Meticulously maintained with no deferred maintenance requirements, the building offers a stabilized asset with dependable in-place cash flow and room for continued income growth.
Investment Highlights
Why this building
Prime North End address — walking distance to Government Center, Faneuil Hall, North Station, and the Financial District, with easy access to multiple MBTA lines.
Efficient, in-demand unit mix — seven two-bedrooms and one studio, matched to the North End’s deep and consistent renter demand.
Turnkey, renovated condition — exposed brick, hardwood floors, granite countertops, and updated kitchens throughout; no deferred maintenance.
Fully leased through 2027 — all eight units carry in-place leases, delivering immediate, stabilized cash flow from day one.
Individually metered utilities — 8 gas meters and hot water tanks, 9 electric meters; tenants pay their own electric, gas, and cable/wifi.
Attractive Income Profile — $300,900 in current in-place gross rental income with a stabilized proforma of $321,900 in effective gross income
The Property
Inside 60 North Margin Street
Financials
In-place income
All eight units are leased through 2027.
Unit Mix & Rent Roll
| Unit | Type | Monthly Rent | Annual |
|---|---|---|---|
| Unit 1 | Studio / 1 bath | $2,325 | $27,900 |
| Unit 2 | 2 bed / 1 bath | $3,500 | $42,000 |
| Unit 3 | 2 bed / 1 bath | $3,150 | $37,800 |
| Unit 4 | 2 bed / 1 bath | $3,150 | $37,800 |
| Unit 5 | 2 bed / 1 bath | $3,350 | $40,200 |
| Unit 6 | 2 bed / 1 bath | $3,350 | $40,200 |
| Unit 7 | 2 bed / 1 bath | $3,100 | $37,200 |
| Unit 8 | 2 bed / 1 bath | $3,150 | $37,800 |
| Total | 8 units | $25,075 | $300,900 |
All leases run through 2027.
Location
Transportation & Nearby
Walking times from 60 North Margin Street.
