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Boston Apartment Buildings: the 10 Most Expensive for Sale Now

Prices range from nearly $4M to more than $15M

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Everyone knows that apartment rents in Boston are scaling ever upward (or so it seems) even amid a historic construction boom. That makes it a boffo time to be a landlord on a small or a large scale. Here, then, is a deep dive into the 10 most expensive apartment buildings on the city's sales market. It's a great snapshot into the aggregate value of Boston apartments circa early 2016 and the belief in their investment potential.

Perhaps a little surprisingly, these buildings are not particularly huge. They instead range from one with 32 mostly 2-BR apartments to a townhouse with but two units, one for the owner and the other for supplemental income. They are also geographically diverse, stretching in a kind of diagonal arc from Roxbury to the North End. Special thanks to Point2 Homes for the data. We start with the most expensive.

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1. 401 Beacon Street

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401 Beacon St
Boston, MA 02115

This eight-unit, 14,532-square-foot building dates from 1923 and includes five floor-throughs (and three smaller apartments on the first floor). It's also offering itself as a possible condo conversion. Price? $15,500,000.

2. The Alexandra

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1769 Washington St
Boston, MA 02118

The Church of Scientology put this 27,367-square-foot building up for sale late last year for $12,000,000. The Ruskin Gothic Revival dating from the 1870s has serious conversion potential: perhaps 25 apartments and/or condos; maybe a hotel. It began life as a 50-key inn.

3. 256 Parker Hill Avenue

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256 Parker Hill Ave
Roxbury Crossing, MA 02120

This Mission Hill complex asking $10,500,000 is actually two distinct addresses that together total 32 apartments. According to its listing, the complex's 30 2-BRs make it perfect for "the roommate-centered rental demographic."

4. 365 Beacon Street

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365 Beacon St
Boston, MA 02116

This townhouse dating from 1872 has the potential right now for five apartments, including one comprised of the third and fourth floors. (There are four apartments total now.) It's 9,016 square feet and is asking $9,999,000.

5. 47-49 Massachusetts Avenue

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49 Massachusetts Ave
Boston, MA 02115

The 7,233-square-foot address is actually two buildings. Together they're asking $5,500,000. There are six apartments total, plus ground-floor retail.

6. 45 Hancock Street

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45 Hancock St
Boston, MA 02114

There are five floor-through apartments in this 5,168-square-foot townhouse dating from 1900, each taking up a floor. It's asking $4,375,000 and has redevelopment potential.

7. 179 Saint Botolph Street

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179 St Botolph St
Boston, MA 02115

This 3,256-square-foot building dating from 1899 contains eight studios, two studios with alcoves, and one 1-BR. It's asking $4,200,000.

8. 400 Hanover Street

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400 Hanover St
Boston, MA 02113

The 10-unit, 7,189-square-foot building is part of a portfolio for sale that also includes 4 Fountain Place and 12 Foster Street. Four hundred Hanover by itself wants $4,100,000.

9. 17 Cumberland Street

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17 Cumberland St
Boston, MA 02115

This three-story, two-unit, extra-wide townhouse is asking $3,995,000. The spread, which dates from 1870, is essentially being sold as an owner-occupied opportunity to draw income from the other, lower unit.

10. 1031 Tremont Street

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1031 Tremont St
Boston, MA 02120

This four-unit, 3,993-square-foot townhouse dating from the mid-1890s comes with a commercial unit on the ground floor that is triple-leased (e.g., the tenant carries more costs than a more traditional lease). The whole shebang wants $3,959,000.

1. 401 Beacon Street

401 Beacon St, Boston, MA 02115

This eight-unit, 14,532-square-foot building dates from 1923 and includes five floor-throughs (and three smaller apartments on the first floor). It's also offering itself as a possible condo conversion. Price? $15,500,000.

401 Beacon St
Boston, MA 02115

2. The Alexandra

1769 Washington St, Boston, MA 02118

The Church of Scientology put this 27,367-square-foot building up for sale late last year for $12,000,000. The Ruskin Gothic Revival dating from the 1870s has serious conversion potential: perhaps 25 apartments and/or condos; maybe a hotel. It began life as a 50-key inn.

1769 Washington St
Boston, MA 02118

3. 256 Parker Hill Avenue

256 Parker Hill Ave, Roxbury Crossing, MA 02120

This Mission Hill complex asking $10,500,000 is actually two distinct addresses that together total 32 apartments. According to its listing, the complex's 30 2-BRs make it perfect for "the roommate-centered rental demographic."

256 Parker Hill Ave
Roxbury Crossing, MA 02120

4. 365 Beacon Street

365 Beacon St, Boston, MA 02116

This townhouse dating from 1872 has the potential right now for five apartments, including one comprised of the third and fourth floors. (There are four apartments total now.) It's 9,016 square feet and is asking $9,999,000.

365 Beacon St
Boston, MA 02116

5. 47-49 Massachusetts Avenue

49 Massachusetts Ave, Boston, MA 02115

The 7,233-square-foot address is actually two buildings. Together they're asking $5,500,000. There are six apartments total, plus ground-floor retail.

49 Massachusetts Ave
Boston, MA 02115

6. 45 Hancock Street

45 Hancock St, Boston, MA 02114

There are five floor-through apartments in this 5,168-square-foot townhouse dating from 1900, each taking up a floor. It's asking $4,375,000 and has redevelopment potential.

45 Hancock St
Boston, MA 02114

7. 179 Saint Botolph Street

179 St Botolph St, Boston, MA 02115

This 3,256-square-foot building dating from 1899 contains eight studios, two studios with alcoves, and one 1-BR. It's asking $4,200,000.

179 St Botolph St
Boston, MA 02115

8. 400 Hanover Street

400 Hanover St, Boston, MA 02113

The 10-unit, 7,189-square-foot building is part of a portfolio for sale that also includes 4 Fountain Place and 12 Foster Street. Four hundred Hanover by itself wants $4,100,000.

400 Hanover St
Boston, MA 02113

9. 17 Cumberland Street

17 Cumberland St, Boston, MA 02115

This three-story, two-unit, extra-wide townhouse is asking $3,995,000. The spread, which dates from 1870, is essentially being sold as an owner-occupied opportunity to draw income from the other, lower unit.

17 Cumberland St
Boston, MA 02115

10. 1031 Tremont Street

1031 Tremont St, Boston, MA 02120

This four-unit, 3,993-square-foot townhouse dating from the mid-1890s comes with a commercial unit on the ground floor that is triple-leased (e.g., the tenant carries more costs than a more traditional lease). The whole shebang wants $3,959,000.

1031 Tremont St
Boston, MA 02120