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Investment Highlights

  • 85% of the property was recently renovated
  • High traffic area

Executive Summary

Introducing 140-142 Meridian Street in East Boston, a turnkey, mixed-use investment opportunity that rarely presents itself. Often times you’ll find outdated interiors, oddly configured spaces, or layouts that provide no opportunity for expansion or adding value. With this property, the opportunity for growth is plentiful, and on par with East Boston’s growth in general. The property was almost entirely renovated in 2025, with the office space, common areas, and 3 out of the 4 apartment units being tastefully updated. The non-renovated unit did have the flooring replaced, and is still very livable. Situated on one of East Boston’s busiest streets, the potential to add value is immense. Contact listing agent for financials and with any questions!

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $205,067 $37.05
Other Income - -
Vacancy Loss - -
Effective Gross Income $205,067 $37.05
Taxes - -
Operating Expenses - -
Total Expenses $41,365 $7.47
Net Operating Income $163,702 $29.58

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $205,067
Annual Per SF $37.05
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $205,067
Annual Per SF $37.05
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $41,365
Annual Per SF $7.47
Net Operating Income (CAD)
Annual $163,702
Annual Per SF $29.58

Property Facts

Price $3,307,536 CAD
Price Per Unit $661,507 CAD
Sale Type Investment
Cap Rate 4.95%
Gross Rent Multiplier 16.13
No. Units 5
Property Type
Multifamily
  • Multifamily Apartments
  • Office Office Residential
Apartment Style Low-Rise
Building Size 5,535 SF
Average Occupancy 80%
No. Stories 3
Year Built/Renovated 1899/2025
Zoning RC
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
EBOS-000000-000001-005432
Land Assessment
$240,485 CAD
Improvements Assessment
$720,078 CAD
Total Assessment
$960,564 CAD
  • Listing ID: 40665866

  • Date on Market: 2026-05-26

  • Last Updated:

  • Address: 142 Meridian St, Boston, MA 02128

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