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285 Lamartine St 3 Unit Apartment Building $4,200,035 CAD ($1,400,012 CAD/Unit) 5.96% Cap Rate Boston, MA 02130
INVESTMENT HIGHLIGHTS
- Unit 2 is vacant and easy to show as model unit. Unit 1 rented at 5200 , Unit 3 rented at 6250/month.Interior images are of 283 Lamartine which is the
- New construction
EXECUTIVE SUMMARY
Rare new construction 3-unit offering with strong investment potential and owner-occupant appeal. Each unit features 4 bedrooms, 2 baths, private outdoor space, and parking CONDO QUALITY. Spacious open layouts include bay windows, large living/dining areas, and stylish kitchens with shaker cabinets, quartz counters, and gas cooking. Primary bedrooms offer walk-in closets, and baths are finished in quality tile with both tub and shower options. Featuring hardwood floors, crown molding, in-unit laundry, walk in closets, high end kitchens and baths, 3-car parking, and full sprinkler/fire alarm system. One unit is vacant—perfect for an owner-occupant—while two are rented, delivering immediate income. A+ location just blocks from the Green Street Orange Line.This one works! NOI and cap is pro-forma as 2/3 occupied.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$298,620
|
$62.91
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$14,931
|
$3.15
|
| Effective Gross Income |
$283,689
|
$59.76
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$33,350
|
$7.03
|
| Net Operating Income |
$250,339
|
$52.74
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $298,620 |
| Annual Per SF | $62.91 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $14,931 |
| Annual Per SF | $3.15 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $283,689 |
| Annual Per SF | $59.76 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $33,350 |
| Annual Per SF | $7.03 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $250,339 |
| Annual Per SF | $52.74 |
PROPERTY FACTS
| Price | $4,200,035 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $1,400,012 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.96% | Building Size | 4,747 SF |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 0.63/1,000 SF |
| Zoning | RL - R | ||
| Price | $4,200,035 CAD |
| Price Per Unit | $1,400,012 CAD |
| Sale Type | Investment |
| Cap Rate | 5.96% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 4,747 SF |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 0.63/1,000 SF |
| Zoning | RL - R |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+2 | 3 | - | - |
1 1
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (70)
Bike Score®
Very Bikeable (84)
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285 Lamartine St
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