Description
A rare opportunity to acquire a fully renovated, institutional-quality multifamily asset with a 7.8% cap rate in place. Roxbury is one of Boston's fastest-growing neighborhoods. Ideally located between Nubian Square and Fort Hill, 36-38 Regent Street offers exceptional access to the Longwood Medical Area, Downtown Boston, major universities, public transportation, and the rapidly evolving Roxbury corridor. A comprehensive down-to-the-studs renovation was completed in 2025, this turnkey investment consists of six luxury, condo-quality residences totaling approximately 7,950 square feet. The unit mix includes five 4-bedroom, 2-bath apartments and one 3-bedroom, 2-bath apartment, each thoughtfully designed with modern finishes, efficient layouts, and amenities that continue to drive exceptional rental demand. Virtually every major building system was replaced, including new electrical, plumbing, HVAC, roofing, windows, insulation, and high-end interior finishes, allowing an investor to acquire a virtually new asset with minimal anticipated capital expenditures for years to come. The property is 100% occupied, with all six apartments leased through August 31, 2027, generating approximately $26,925 per month in gross rental income while providing exceptional income stability from day one. Perched above the neighborhood, the property also enjoys beautiful city views, further distinguishing it from competing rental properties and enhancing its long-term appeal. Elevated setting with impressive neighborhood and city views. Turnkey multifamily assets of this quality, scale, and yield rarely become available in Boston. Whether you're completing a 1031 exchange, expanding a multifamily portfolio, or seeking a long-term generational investment, 36-38 Regent Street offers an exceptional combination of strong in-place cash flow, long-term lease stability, and virtually maintenance-free ownership in one of Boston's most dynamic neighborhoods.Proforma available upon request.
Details
| MLS # | 73573397 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 68 |
| Listing Provided By | Compass | Mission Realty Advisors |
Features
| Bed(s) | 23 |
|---|---|
| Bath(s) | 12 Total |
| SQ Feet | 7,950 |
| Garage | 1 |
| Basement | Y |
| Story(s) | 5 |
| Units | 6 |
| Zoning | R4 |
| Acreage | 0.07 |
Interior
| Rooms Total | 41 |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Central Air, Heat Pump |
| Heating Yes / No | Yes |
| Heating | Forced Air, Heat Pump, Electric |
| Interior Features | Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops, Bathroom with Shower Stall, Remodeled, Bathroom With Tub & Shower, Kitchen, Living RM/Dining RM Combo |
| Window Features | Insulated Windows |
| Appliances | Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer, Plumbed For Ice Maker |
| Fireplaces Total | 0 |
| Fireplace Yes / No | No |
| Flooring | Wood, Tile, Stone/Ceramic Tile |
Exterior
| Exterior Features | Sprinkler System |
|---|---|
| Roof | Rubber |
| Construction Materials | Frame, Brick |
| Foundation Details | Stone, Brick/Mortar |
| Lot Features | Corner Lot, Steep Slope |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Off Street |
Utilities
| Utilities | for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup, Icemaker Connection, Varies per Unit |
|---|---|
| Sewer | Public Sewer |
| Electric | Circuit Breakers |
Taxes
| Tax Annual Amount | 14212.36 |
|---|---|
| Tax Assessed Value | 1135800 |
| Tax Year | 2027 |
Location
| Community Features | Public Transportation, Shopping, Park, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Public School, T-Station, University |
|---|---|
| Senior Community Yes / No | No |
Area Information
| State | MA |
|---|---|
| County | Suffolk |
| City | Boston |
| Zip Code | 02119 |
| Area | Roxbury's Fort Hill |
| Listing VS Median (in 02119) | |
Price: $3,550,000 low | high Med: $3,800 sqft: 7,950 low | high Med: 1,481 $ / sqft: $447 low | high Med: $3 On site: 68 low | high Med: 59 | |
Market Activity 02119
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Learn More About This Property
| State | MA |
|---|---|
| County | Suffolk |
| City | Boston |
| Zip Code | 02119 |
| Area | Roxbury's Fort Hill |
| Listing VS Median (in 02119) | |
Price: $3,550,000 low | high Med: $3,800 sqft: 7,950 low | high Med: 1,481 $ / sqft: $447 low | high Med: $3 On site: 68 low | high Med: 59 | |
 | $2,700,000306-308 Warren St.Boston, MA 02119 |