144 Old Colony Avenue
Property Description
Newmark’s Boston Capital Markets Group has been exclusively retained to sell 144 Old Colony Avenue, a boutique multi-family asset located in the heart of South Boston, one of the most dynamic and supply-constrained neighborhoods in Greater Boston. Delivered in 2023, the property features 19 thoughtfully designed apartments situated above a ground-floor leased retail suite and secure garage parking. The residential units consist of efficient studio and one-bedroom floor plans finished to a condominium-quality standard, appealing to today’s urban renter seeking modern design, convenience, and accessibility. Since initial stabilization, 144 Old Colony has maintained 100% occupancy, underscoring the strength of demand in South Boston’s highly competitive rental market. The asset provides durable in-place cash flow with additional upside potential driven by the ongoing transformation of the Dorchester Avenue corridor, the large-scale Washington Village development, and operational efficiencies achievable through institutional management. The property is ideally positioned within walking distance of both the Andrew and Broadway MBTA Red Line Stations, providing direct connectivity to Downtown Boston, Kendall Square, and the Seaport District. Its transit-oriented location also places residents within easy reach of South Boston’s most popular restaurants, retail offerings, and nightlife destinations along Broadway. With its best-in-class construction, proven leasing performance, and highly coveted location, 144 Old Colony Avenue represents a premier opportunity to acquire a boutique, transit-oriented multi-family community in one of Boston’s most desirable and high barrier-to-entry submarkets.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 19 |
| Year Built: | 2023 |
| Opportunity Zone: | No |
| Property Website | Click Here |
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