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33904877

104 Prince Street, Boston, MA 02113

Compass Boston
Listed by Compass Boston
$4,200,000
6 days on market
Updated 6 days ago

104 Prince Street

Details
Property Type Retail, Multifamily
Sub Type Apartment Building
Square Footage 5,334
Units 5
Cap Rate 5.57%
NOI $234,000
Occupancy 100%
Tenancy Multi
Lease Type Gross
Lease Term 1
Lease Expiration 08/31/2027
Remaining Term 1
Rent Bumps Yes
Price per SqFt $787
Class A
Year Built 2016
Year Renovated 2016
Buildings 1
Zoning Residential
Investment Type Stabilized
Tenant Credit Credit Rated
Ground Lease No
Sale Condition For sale by owner

100% Market Rate Tenanted 5 Unit MF in the North End

Marketing description

A generational North End investment opportunity.

104 Prince Street offers something almost impossible to replicate today: a turnkey, institutional-quality apartment building in Boston's most supply-constrained neighborhood. Unlike typical North End assets that require continual capital expenditures, this property was rebuilt from the shell in 2016 with modern systems, steel framing, sprinkler protection, central HVAC, and condo-quality finishes throughout. Investors acquire predictable cash flow today with multiple avenues for long-term appreciation tomorrow.

Key Selling Points

  • Five oversized 2-bedroom / 2-bath residences (900+ SF each)
  • Complete 2016 reconstruction with modern building systems
  • Central A/C and heat in every apartment
  • Bosch tankless systems
  • In-unit laundry
  • Fully leased through August 2026
  • Opportunity to increase rents toward market over time
  • Future condominium conversion potential
  • Opportunity to put in a common roof deck
  • Trophy North End location just steps from Hanover Street, North Square, Waterfront, Financial District, and TD Garden

Investment highlights

A generational North End investment opportunity.

104 Prince Street offers something almost impossible to replicate today: a turnkey, institutional-quality apartment building in Boston's most supply-constrained neighborhood. Unlike typical North End assets that require continual capital expenditures, this property was rebuilt from the shell in 2016 with modern systems, steel framing, sprinkler protection, central HVAC, and condo-quality finishes throughout. Investors acquire predictable cash flow today with multiple avenues for long-term appreciation tomorrow.

Key Selling Points

  • Five oversized 2-bedroom / 2-bath residences (900+ SF each)
  • Complete 2016 reconstruction with modern building systems
  • Central A/C and heat in every apartment
  • Bosch tankless systems
  • In-unit laundry
  • Fully leased through August 2026
  • Opportunity to increase rents toward market over time
  • Future condominium conversion potential
  • Opportunity to put in a common roof deck
  • Trophy North End location just steps from Hanover Street, North Square, Waterfront, Financial District, and TD Garden

Listing Contacts

Compass Boston
Listed by Compass Boston

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$234,000.00
$19,500.00/mo

Valuation Metrics

0
DSCR
5.57%
Cap Rate
5.57%
ROI

Map

Zoning

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ART54_MFR ResidentialMulti FamilyMultifamily Residential
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View all 204 uses
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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