CCertihomes
768 - 772 Tremont Street, Boston, MA 02118

$5,250,000

12 beds 12 baths 11,172 sqft Built 189938 days on marketActive

About this home

Rare South End development opportunity. Seller received ZBA approval (2019) to alter the existing structure from 1.5 floors to 4 floors. Increasing the total number of units from 4 (2 commercial/2 residential) to 8 (2 commercial /6 residential). 1st floor (commercial units) Unit A – 1444 sqft, Unit B – 902 sqft. 2nd floor: Unit A – 1424 sqft – 2 bed/2 bath, Unit B – 1518 sqft – 2 bed/2 bath. 3rd floor – Unit A – 1424 sqft – 2 bed/2 bath, Unit B – 1518 sqft – 2 bed/2 bath. 4th floor – Unit A – 1424 sqft – 2 bed/2 bath, Unit B – 1518 sqft – 2 bed/2 bath. Seller previously operated their dental practice out of the building, but has relocated the practice and the space is currently vacant. A barbershop currently leases approximately 350 sqft on the first floor at $2035/month TAW. A pizza shop currently leases unit 2 at $6390/month. Current lease term runs through April 30, 2025. The two residential units are leased for $2200/month and $2000/month. Both tenants are TAW.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$32,718/mo

Real estate (PITI + HOA + PMI)
$33,980
Principal + interest$23,811
Property tax + insurance$8,200
PMI / 2nd mortgage$1,969
Utilities
$956
Heating + cooling$316
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$125
Car insurance + maintenance$125
Other (entertainment)
$158
$32,718/mo TLC
Budget$33,218/mo
Remaining after TLC$500/mo
Purchase price
$5,250,000
Down payment
$262,500 (5%)
Loan amount
$4,987,500
APR
4%

Quick facts

Type
5-9 Family
Style
Year built
1899
Lot size
0.09 ac
Stories
14
Heating
Cooling
Water
Public
HOA
Annual tax
$36,674
MLS #
73142105
County
Suffolk

Home features

Community
Public TransportationShoppingParkMedical FacilityHighway AccessT-StationUniversity
Sewer
Public Sewer

Lot features

Corner Lot, Level

Neighborhood — 02118

MetricThis ZIPCountyUSA
Population20,3136,444,931299,088,112
Population Change Since19900.00%7.00%20.00%
Population Density18,437786
Male11,4503,127,134147,432,321
Female8,8633,317,797151,655,844
Never Married9,7891,612,88563,775,926
Married3,7122,586,314123,120,365
Separated1,858247,85712,639,686
Widowed928363,59415,467,586
Divorced1,429436,88823,075,029
Number Of House Hold9,7502,431,591111,826,380
Average House Hold Size1.892.562.60
Medial Age35.1337.2535.46
Median House Hold Income$38,803$57,698$48,276
Average House Hold Income$66,623$75,023$63,629
P C I$34,837$29,196$24,529
M D I$34,022$48,105$41,133
A T H E$52,128$57,083$50,898
S T R5.00%5.00%
W C J82.77%81.38%77.74%
(Zip) Code
2118

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

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MLSPIN

Listing information last refreshed 7/29/2023. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.