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29527007
29527716

Ward Street, Boston, MA 02127

HE
MA MA 9563077-RE-B, MA MA 9526699
Douglas Elliman
Listed by Douglas Elliman
$9,995,000
122 days on market
Updated 9 days ago

33-39 Ward St South Boston

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 23,700
Net Rentable (SqFt) 13,369
Units 15
Cap Rate 5.28%
NOI $527,253
Occupancy 100%
Pro-Forma Cap Rate 5.57%
Pro-Forma NOI $556,768
Price per SqFt $422
Broker Co-Op Yes
Class B
Year Built 2022
Buildings 1
Stories 4
Lot Size (SqFt) 5,925
Parking Spaces 15 spaces
Parking Per SqFt 0.63
Investment Type Stabilized
Ground Lease No

Multifamily | 14 Units

Marketing description

33–39 Ward Street represents a rare opportunity to acquire a new- construction, turnkey multifamily asset in one of Boston’s most supply-constrained and high-demand neighborhoods. Delivered in 2021–2022, the property offers institutional-grade construction quality paired with modern amenities that drive strong tenant retention and premium rentability.

• Best-in-Class Building Features

Condo-quality finishes throughout, including quartz countertops, wide-plank flooring, modern cabinetry, and high-efficiency systems.

Elevator-served, five-story building, offering a level of convenience and accessibility uncommon in boutique South Boston assets.

Fourteen well-designed units, including a mix of spacious two- bedroom layouts and one 4-bedroom residence ideal for roommates or larger households.

In-unit laundry, central air, and individual HVAC systems, reducing operating friction and increasing tenant satisfaction.

Secured garage parking for 15 vehicles, a major competitive advantage in South Boston where parking scarcity drives demand and value.

Two designated affordable units, supporting long-term compliance and broadening the tenant base.

Modern construction and systems, reducing near-term capital expenditure risk and providing predictable operating performance.

Investment highlights

Investment Case

The property’s combination of new construction, strong unit mix, premium finishes, and transit-oriented location positions it as a stable, low-maintenance asset with long-term appreciation potential. Its proximityof 3 min walk to Red Line, the Seaport, and major employment hubs ensures consistent renter demand, while the building’s design and amenities support above-market rents and durable cash flow.

Listing Contacts

HE
MA MA 9563077-RE-B, MA MA 9526699
Douglas Elliman
Listed by Douglas Elliman

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$527,253.00
$43,937.75/mo

Valuation Metrics

0
DSCR
5.28%
Cap Rate
5.28%
ROI

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Additional Information

Name
Herb Entwistle
License
MA 9563077-RE-B
Brokerage
Douglas Elliman
Brokerage Phone
6178758887
Title
Director of Commercial Real Estate Division
Brokerage Address
316 Newbury Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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