18 Commonwealth Avenue
About This Property
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 10, 2024 | Sold | ||
| Sold | |||
| Mar 26, 2024 | Listed by Campion & Company Fine Homes Real Estate | $8,500,000 | |
| Listed by Campion & Company Fine Homes Real Estate | |||
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Introducing 18 Commonwealth Avenue, ideally located on the first block of Commonwealth Avenue Mall adjacent to Newbury Street with the Public Garden and Back Bay’s finest shops and restaurants at its doorstep. A truly rare find; this home retains several original architectural details and is awaiting a custom renovation to transform it into the masterpiece it once was. Exceptional features include elevator access to every floor, soaring ceiling heights, a grand staircase with skylight, intricate millwork, and ornate fireplaces. There is also the potential to add a roof terrace and garage parking. The building is currently configured as 11 studio apartments with 4 outdoor parking spaces included. This storied home presents an exceedingly unique opportunity for a trophy single-family residence, luxury condo conversion, or investment property in one of Boston’s most desirable locations.
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| Jun 29, 2023 | Withdrawn | - | |
| Withdrawn | |||
| Mar 1, 2023 | Listed by Advisors Living - Back Bay | $8,500,000 | |
| Listed by Advisors Living - Back Bay | |||
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Generational opportunity on the first block of Commonwealth Avenue in the Back Bay. Built in 1864 as a grand residence, this 8,000+/- sq/ft brownstone presents a rare opportunity to create a custom home in one of the most sought-after locations in Boston. Available for the first time in 50 years, this six-story property with elevator overlooks the Commonwealth Avenue Mall and is steps to Public Garden & Newbury Street. 18 Commonwealth is a design / build opportunity for 5+ bedrooms / 6+ bathroom single family home with potential to add a roof terrace & garage parking. Original details include grand staircase illuminated by sky-light, intricate mill work & moldings, 10-12 foot ceilings, ornate fireplaces & hardwood floors. 4 outdoor parking spaces. Endless possibilities for renovation & restoration of this historic residence on the first block on Commonwealth Avenue.
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| Jan 11, 2023 | Price Decreased |
$8,500,000
↓ $400K
(4.5%) | |
| Price Decreased | |||
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About Back Bay
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017