Waverly Street Apartments

Investment Overview

Northeast Private Client Group, Inc. is pleased to present Waverly Street Apartments, an eight-unit apartment building at 43-45 Waverly Street in Roxbury — one of Boston’s close-in workforce neighborhoods, near the geographic center of the city and just south of the downtown core. The three-story building, constructed in 1920, is offered for $2,200,000. The unit mix is six one-bedroom apartments and two studios, spread across the two adjoining addresses at 43 and 45 Waverly Street. All eight units are leased, and the in-place leases run through late 2026. Tenants pay their own electricity and reimburse water and sewer, which keeps the landlord’s recurring expense load light for a building of this vintage. In-place rents sit below the building’s pro forma, so a buyer inherits a fully occupied asset with a defined path to higher income as leases roll and units mark to market. The property sits on a 0.13-acre lot, zoned R4, in a neighborhood where rental demand is driven by nearby hospitals, universities, and downtown Boston employment. Waverly Street Apartments offers a stabilized, fully leased multifamily investment at a workforce-housing basis, pairing dependable in-place income with near-term rent upside, minutes from downtown Boston and its medical and academic job centers. Please reach out to the deal contacts for more information.

Investment Highlights

• Rent Upside as Leases Roll
• Light Landlord Expense Load
• Minutes to Downtown Boston
• Greater Boston Within Reach