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Pending

118 South Street, Boston MA 02111

$1,500,000

Estimated $4,319/month Calculator

Multi Family

Total Units: 2

Price Per Unit: $750,000

Total Rent: 31200/year

Estimated CAP Rate:

1 Bedrooms

Baths

2952

Total Parking: 0

2,952 (0.07)

A truly rare opportunity to reimagine nearly 3,000 SF on an entire floor in Boston's Leather District, just one block from South Station. Units 4A and 4B are being offered together for the first time since 1979, creating the opportunity to transform this expansive footprint into something entirely your own. The 2,052 SF 4B offers a remarkable blank canvas with newly refinished hardwood floors, an open floor plan, and the scale to create a spectacular single-level loft, or thoughtfully reconfigure the space with a dream kitchen, bathroom oasis, multiple living areas, and additional potential bedrooms. The fourth floor also has roof rights for an approximately 300 SF deck on the south side of the roof. Alternatively, the two units could remain separate, with 4A providing immediate rental income at $2,600/month. Mixed-use zoning adds further flexibility for a live/work concept, creative studio, or professional use. Offered well below the current assessed value, the pricing reflects the opportunity to add value through renovation and represents a significant discount to comparable neighborhood pricing. A freight elevator opens directly into 4B for deliveries and moving; it is not a passenger elevator, and stairs are required to access the 4th floor. The building also features a 2026 roof and newer gas-fired heat serves both units. An exceptional opportunity to create a truly one-of-a-kind property in one of Boston's most connected neighborhoods.

This home has been viewed 12 times

Last Checked: September 17th, 2026 at 5:58am (Source: MLS PIN #73566896)

Gross Income: $31,200

Gross Expenses: $36,410

Net Income Calc: $5,210

Annual Expenses for 118 South Street, Boston MA 02111

Total Gross Expenses (Calculated)$36,410/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax22641.14

Annual Income & Unit Breakdown for 118 South Street, Boston MA 02111

Total Gross Income (Calculated)$31,200

Unit 1

Rental Income$0

LeaseY

Bedrooms1

Bathrooms1 Full

Floor4

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms0

Bathrooms1 Full, 1 Half

Floor4

Levels in Unit1

Rent Includes

General Information for 118 South Street, Boston MA 02111

Listing ID73566896

Property TypeMulti Family / 2 Family

Price1500000 ($508.13/SqFt)

Style2 Family - 2 Units Side By Side

CityBoston

CountySuffolk

MLS AreaLeather District

Neighborhood(s)

Approximate Living Area Total2952

Approximate Lot Size (Acres)0.07

Total Parking0

Garage Parking0

Year Built1910

Year Built SourcePublic Records

Year Built DetailsRenovated Since

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningMixed-Use

Water Views

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 118 South Street, Boston MA 02111

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsRefrigerator In Basement And Table In The Kitchen.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 118 South Street, Boston MA 02111

Real Estate Taxes22641.14

Tax Year2027

Assessed Value$1,809,200

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 118 South Street, Boston MA 02111

Neighborhood(s)

MLS AreaLeather District

Area Amenities

Contact Information for 118 South Street, Boston MA 02111

Agent

Name: Randall Horn

Office

Name: Entourage Realty LLC

Phone: 781-367-1598

Payment Calculator

, Interest

Property Taxes 1886.76

Principal & Interest 9242.52

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Entourage Realty LLC

Randall Horn

Agent Phone

Office Phone

(781) 367-1598

Text Agent Call Agent Call Office

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    [description] => A truly rare opportunity to reimagine nearly 3,000 SF on an entire floor in Boston's Leather District, just one block from South Station. Units 4A and 4B are being offered together for the first time since 1979, creating the opportunity to transform this expansive footprint into something entirely your own. The 2,052 SF 4B offers a remarkable blank canvas with newly refinished hardwood floors, an open floor plan, and the scale to create a spectacular single-level loft, or thoughtfully reconfigure the space with a dream kitchen, bathroom oasis, multiple living areas, and additional potential bedrooms. The fourth floor also has roof rights for an approximately 300 SF deck on the south side of the roof. Alternatively, the two units could remain separate, with 4A providing immediate rental income at $2,600/month. Mixed-use zoning adds further flexibility for a live/work concept, creative studio, or professional use. Offered well below the current assessed value, the pricing reflects the opportunity to add value through renovation and represents a significant discount to comparable neighborhood pricing. A freight elevator opens directly into 4B for deliveries and moving; it is not a passenger elevator, and stairs are required to access the 4th floor. The building also features a 2026 roof and newer gas-fired heat serves both units. An exceptional opportunity to create a truly one-of-a-kind property in one of Boston's most connected neighborhoods.
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EXIT

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