$10,500,000
Price
14
Number of Units
$640 psf
Price Per net SF
100%
Occupancy
5.1%
Cap Rate
16389
Building Leasable SF

Why Invest in 33–39 Ward Street, South Boston

  • 33–39 Ward Street represents a rare opportunity to acquire a new-construction, turnkey multifamily asset in one of Boston’s most supply-constrained and high-demand neighborhoods. Delivered in 2021–2022, the property offers institutional-grade construction quality paired with modern amenities that drive strong tenant retention and premium rentability.
  • Best-in-Class Building Features Condo-quality finishes throughout, including quartz countertops, wide-plank flooring, modern cabinetry, and high-efficiency systems. Elevator-served, five-story building, offering a level of convenience and accessibility uncommon in boutique South Boston assets. Fourteen well-designed units, including a mix of spacious two-bedroom layouts and one 4-bedroom residence ideal for roommates or larger households. In-unit laundry, central air, and individual HVAC systems, reducing operating friction and increasing tenant satisfaction. Secured garage parking for 15 vehicles, a major competitive advantage in South Boston where parking scarcity drives demand and value. Two designated affordable units, supporting long-term compliance and broadening the tenant base. Modern construction and systems, reducing near-term capital expenditure risk and providing predictable operating performance.
  • Investment Case The property’s combination of new construction, strong unit mix, premium finishes, and transit-oriented location positions it as a stable, low-maintenance asset with long-term appreciation potential. Its proximity to Andrew Station, the Seaport, and major employment hubs ensures consistent renter demand, while the building’s design and amenities support above-market rents and durable cash flow.

Why 33–39 Ward Street Is a Premier South Boston Location

  • 33–39 Ward Street sits in one of South Boston’s most strategically positioned and rapidly evolving submarkets: Andrew Square. This location offers a rare blend of transit access, neighborhood character, and large-scale development momentum—making it one of the most attractive investment corridors in the city.
  • The property is just 0.2 miles from Andrew Station, providing direct Red Line access to: Downtown Boston South Station Kendall Square / Cambridge UMass Boston The Seaport (via Silver Line connection) For residents, this means car-optional living. For investors, it means sustained demand and premium rentability. Proximity to Major Em
  • Proximity to Major Employment Hubs Within minutes, residents can reach: The Seaport District, Boston’s fastest-growing tech and life-science cluster Financial District Back Bay South Boston Waterfront Longwood Medical Area (via Red Line + shuttle) This concentration of high-income employment drives long-term stability and appreciation.
  • Surrounded by Transformational Development Andrew Square is undergoing a multi-billion-dollar transformation, with new: Mixed-use developments Multifamily communities Retail and restaurant concepts Life-science conversions This growth is reshaping the neighborhood into a vibrant, transit-oriented urban hub—positioning Ward Street at the center of South Boston’s next wave of value creation.
  • Walkable Urban Living The property offers immediate access to: Local cafés, restaurants, and neighborhood retail Carson Beach and the South Boston waterfront Moakley Park Everyday conveniences and services Residents enjoy the lifestyle benefits of South Boston without the congestion of Broadway or the Seaport.
  • Excellent Regional Access With immediate access to I-93, the location provides seamless connectivity to: Logan Airport Cambridge Quincy The South Shore Greater Boston suburbs This dual transit-and-highway accessibility is a major competitive advantage.
FOR MORE DETAILS CONTACT
Herb Entwistle
Director of the Commercial Division
(617) 875-8887
herb@eearealestate.com
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