291-293 E St 8 Unit Apartment Building $8,993,920 CAD ($1,124,240 CAD/Unit) Boston, MA 02127

291-293 E Street is a 10,965 GSF brick multifamily asset located one block from
West Broadway in South Boston, with 8,772 SF of net living area. The property is
fully stabilized, currently generating $429,600 in gross annual rental income,
with additional upside available through mark-to-market rent adjustments
across the unit base. On-site coin-operated laundry contributes incremental
ancillary income. The brick construction provides durable, low-capex exterior
performance over the hold period, and the unit mix is weighted toward
higher-bedroom configurations consistent with the per-bed pricing dynamics
that drive rental performance in the submarket.
The property sits one block from West Broadway — South Boston's primary
commercial corridor — and within walking distance of the Broadway MBTA Red
Line station, providing two-stop access to Downtown Crossing and three-stop
access to South Station. West Broadway's retail, restaurant, and service base
is steps from the front door, and the Seaport District is accessible via
Broadway or I-93. The asset benefits from proximity to Boston's largest
employment centers — the Seaport, Financial District, Longwood Medical Area,
and the downtown hospital system. South Boston has been one of Greater
Boston's most consistent rental performers over the past decade, driven by
direct connectivity to the Seaport, Financial District, and downtown hospital
system, and the submarket continues to benefit from supply-constrained for-
sale and rental inventory, sustained rent growth, and durable demand from
the surrounding employment base.