246 W Broadway — Sale in South Boston, MA

  • Price: $200K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: South Boston, MA 02127
  • Size: 1,443 SF
  • Year built: 2017

Photos

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Investment Figures

Price per square foot
$139

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Jones Lang LaSalle ("JLL") has been exclusively retained to offer qualified investors the opportunity to acquire 246 W Broadway (the "Property"), a best-in-class multifamily asset strategically located in one of the top performing rental markets in Massachusetts. Built in 2017 with condo-quality finishes and institutional-grade construction, this property has maintained 100% occupancy since delivery, demonstrating strong market acceptance and tenant demand. The Property features large unit sizes averaging 1,443 SF with contemporary design elements, premium finishes that command top-tier rents, and fully leased ground floor retail space. The Property benefits from South Boston's exceptional demographics, including average household income exceeding $200,000 projected to grow 9.4% by 2030, and direct connectivity via MBTA Red Line to world-class institutions and major employers in Cambridge and Boston. Located on West Broadway with the Broadway station approximately 0.3 miles away, residents enjoy 10-minute transit commutes to Downtown Boston's Financial District and 15-minute access to Cambridge's Kendall Square employment centers, plus proximity to the booming Seaport District where innovation hubs including Amazon, Vertex Pharmaceuticals, and numerous biotech firms drive employment demand. The South Boston submarket demonstrates exceptionally strong rental fundamentals with 96.6% average 3-year occupancy rate and 7.2% cumulative rent growth, while average asking rents of $4,580 represent a 52% premium to the metro average. The area's diverse economic base across technology, life sciences, and financial services sectors, combined with limited new supply pipeline and growing demand from skilled professionals, creates favorable supply-demand dynamics. High home prices drive sustained rental demand among affluent professionals seeking quality living options with exceptional transit connectivity and walkability to South Boston's amenities.

Market Context

This multifamily in South Boston, MA is listed for sale at $200,000 across 1,443 SF. The building dates to 2017. Compare it against other multifamily listings for sale in South Boston, MA — view the full market.

As of Q1 2026, the Boston multifamily market showed average asking rents near $2966.00/unit/mo. Source: multiple brokerage reports, Q1 2026.

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