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104 Prince St 5 Unit Apartment Building $6,142,048 CAD ($1,228,410 CAD/Unit) 4.45% Cap Rate Boston, MA 02113
INVESTMENT HIGHLIGHTS
- Excellent location in the North End of Boston
- Open kitchen/living area , Two bathrooms
- Renovated less than 10 years ago
EXECUTIVE SUMMARY
Extremely Rare Offering – North End 5-Unit Building
Rebuilt from the shell in 2016, this property is essentially brand new. The only original elements are the exterior brick and foundation. Constructed with steel framing, full sprinkler system, and roof-to-ground fire escapes with landings on every floor, it offers modern safety and durability.
Each of the five residences is a spacious 2-bedroom, 2-bathroom layout of 900+ SF, designed with open-concept kitchen and living areas. All units are true condo-quality, featuring central gas heating and air conditioning, Bosch high-efficiency tankless systems, and in-unit LG full-size washer/dryers. Floor plans and finishes are consistent throughout, with the penthouse distinguished by oversized windows and soaring ceilings. Each unit is equipped with 100 AMP electrical service.
This turn-key, low-maintenance asset is nearly impossible to find in the North End. All units are fully leased through August 31, 2026, with rents currently below market—offering significant upside potential. Perfect for an owner-occupant, a rock-solid long-term investment, or a future condo conversion opportunity.
Rebuilt from the shell in 2016, this property is essentially brand new. The only original elements are the exterior brick and foundation. Constructed with steel framing, full sprinkler system, and roof-to-ground fire escapes with landings on every floor, it offers modern safety and durability.
Each of the five residences is a spacious 2-bedroom, 2-bathroom layout of 900+ SF, designed with open-concept kitchen and living areas. All units are true condo-quality, featuring central gas heating and air conditioning, Bosch high-efficiency tankless systems, and in-unit LG full-size washer/dryers. Floor plans and finishes are consistent throughout, with the penthouse distinguished by oversized windows and soaring ceilings. Each unit is equipped with 100 AMP electrical service.
This turn-key, low-maintenance asset is nearly impossible to find in the North End. All units are fully leased through August 31, 2026, with rents currently below market—offering significant upside potential. Perfect for an owner-occupant, a rock-solid long-term investment, or a future condo conversion opportunity.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$318,270
|
$61.44
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$318,270
|
$61.44
|
| Taxes |
$31,766
|
$6.13
|
| Operating Expenses |
$13,240
|
$2.56
|
| Total Expenses |
$45,006
|
$8.69
|
| Net Operating Income |
$273,264
|
$52.75
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $318,270 |
| Annual Per SF | $61.44 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $318,270 |
| Annual Per SF | $61.44 |
| Taxes (CAD) | |
|---|---|
| Annual | $31,766 |
| Annual Per SF | $6.13 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $13,240 |
| Annual Per SF | $2.56 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $45,006 |
| Annual Per SF | $8.69 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $273,264 |
| Annual Per SF | $52.75 |
PROPERTY FACTS
| Price | $6,142,048 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $1,228,410 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.03 AC |
| Cap Rate | 4.45% | Building Size | 5,180 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | ||
| Zoning | R4 - RESIDENTIAL | ||
| Price | $6,142,048 CAD |
| Price Per Unit | $1,228,410 CAD |
| Sale Type | Investment |
| Cap Rate | 4.45% |
| Sale Condition | 1031 Exchange |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.03 AC |
| Building Size | 5,180 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 1920 |
| Zoning | R4 - RESIDENTIAL |
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | $5,304 CAD | 1,036 |
1 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | CBOS-000000-000003-001414 | Total Assessment | $2,730,379 CAD |
| Land Assessment | $884,785 CAD | Annual Taxes | $31,766 CAD ($6.13 CAD/SF) |
| Improvements Assessment | $1,845,594 CAD | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
CBOS-000000-000003-001414
Land Assessment
$884,785 CAD
Improvements Assessment
$1,845,594 CAD
Total Assessment
$2,730,379 CAD
Annual Taxes
$31,766 CAD ($6.13 CAD/SF)
Tax Year
2025 Payable 2025
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104 Prince St
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