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536 Broadway
Everett, MA 02149 Downtown Everett

$5,980,000 USD

Apartments For Sale • 11,386 SF

Property Details

Property Type Apartments
Total Building Size 11,386 SF
Lot Size 0.18 AC
Building Class B
Year Built 2024
Cap Rate 6.13 %
Zoning BD

54 Transit Score

95 Walk Score

                
                    Highlights
                
                                Premier multifamily investment opportunity located in a thriving submarket of Boston, fully stabilized with a gross annual income of $468,000.
                            
                                Completed a fully renovation in 2024, now featuring 15 all-electric residential units with seven spacious 2BR, one 1BR, a loft unit, and a studio.
                            
                                High-end finishes include stainless steel appliances, quartz countertops, luxury vinyl tile flooring, and porcelain-tiled, glass showers. 
                            
                                Exceptional connectivity, with walkable bus lines and convenient proximity to major freeways such as Highways 16, 1, and Interstate 93.  
                            
                                Performing residential hub, with year-over-year rent growth of 1.2%, outpacing the national average. 
                            
                                More than 66% of the 150,000 residents living with 2 miles current rent their homes, providing robust demand for quality residential units.

Property Flyers

View the 536 Broadway Brochure

Cap Rate:

6.13 %

Amenities

Air Conditioning
Heating
Kitchen
Refrigerator
Oven
Tub/Shower

Public Transportation

Commuter Rail	Drive	Walk	Distance
Chelsea (Newburyport/Rockport Line - MBTA)	3 min	-	1.5 mi
Malden Center (Haverhill Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line))	4 min	-	2.2 mi
Airport	Drive	Walk	Distance
General Edward Lawrence Logan International	11 min	-	4.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Melody Golestani 857-355-0316 Gibson Sotheby's International Realty

536 Broadway Everett, MA 02149 Downtown Everett