Generational Boston Multi-family
Asset in the Growing Allston/Brighton Suburbs
Offered at $13.25M. Buyer is able to assume 4.5% interest rate debt, please inquire for more information.
Welcome to Selkirk Place Apartments, located at 56–58 Selkirk Road in Cleveland Circle. The property is currently generating a rent roll of $63,270, with a gross potential rent of $72,475, offering immediate upside for an investor seeking to increase overall income. With strategic renovations to the remaining 27 units, the building presents significant value-add potential through rent growth and creation of additional bedrooms. For buyers assuming the existing debt, there is an attractive two-year interest-only period, providing time to stabilize the property at market rents. Based on the current net operating income, the offering cap rate is 5%.
The Neighborhood
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Cafe Landwer
Cityside Travern
Barcelona Wine Bar
Super Fusion Brookline
Yamato
Eagle’s Deli -
The Publick House
The Abbey -
In House Cafe
Brighton Cafe
Caffe nerro
Cafe Fixe -
Bazaar On Beacon Street
Star Market -
Pilates of Brookline
Align Pilates Brookline
Underground Fitness
Barre3 -
Chiswick Road Tram Stop (Green Line B)
Cleveland Circle Station (Green Line C) -
Boston College
Boston Medical Center
This iconic apartment building sits at the center of it all—just a short walk to both the MBTA Green Line C and B branches, putting Boston’s most sought-after neighborhoods and transit options right at your doorstep.
Your Sales Team
Jade Shenker
Licensed Real Estate Salesperson
Licensed Real Estate Salesperson