142 Dorchester Street
Property Description
$4,550,000 | 18 Units | $263,889/Unit | 6+ Cap Rate Grove Property Group is pleased to present 142 Dorchester Street, an 18-unit stabilized multifamily asset in South Boston offered at a 6+ cap rate on in-place income. The property operates as a studio apartment building and is delivered fully stabilized and turnkey. All 18 units have been updated with modern kitchens, baths, and flooring. Common areas are modern throughout. The building is fully sprinklered and includes an additional driveway with 4 tandem parking spaces — a meaningful amenity at this unit count. The property is zoned as a rooming house/lodging and operates accordingly. Buyers are encouraged to conduct independent due diligence on zoning, licensing, and regulatory compliance. At $4,550,000, 142 Dorchester Street represents one of the few opportunities to acquire scale in South Boston's supply-constrained multifamily market at a sub-$265,000 per-unit basis with no capital requirements at close.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 18 |
| Opportunity Zone: | No |
| Property Website | Click Here |
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