23-25 Meridian St, Boston MA 02128
Boston, MA 02128 • East Boston
$1,400,000
Sale Statistics
Sale Overview
Original List Price:
$1,550,000
Final Sale Price:
$1,400,000
Difference:
$150,000 (-9.7%)
Performance Metrics
90.3%
List to Sale Ratio
Sold below asking price
63
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft:
$525
Sale $/sq ft:
$474
This property sold for $474 per square foot
Sale Summary
This property sold for 9.7% below the original asking price.
The property spent 63 days on market before selling.
About this home
Prime retail/commercial building just steps away from Maverick Square and the Blue Line T. This is one of the first retail/commercial buildings to become available on MLS in the past decade. Originally a bank during the early 1900s, it is currently zoned NSA which probably allows for any type of business from restaurants to retail. The owner is currently in the process of obtaining permits to add two additional levels and convert the building to one retail level with five additional residential units. Ideal development opportunity or business opportunity for someone seeking this prime commercial location!
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Property History
Market Insights
9.7%
Price Range
Property Timeline
Current Active Listing - MLS #73356382
Full transaction history available when tracking began
Currently Listed
Apr 8, 2025
$1,450,000
MLS #73356382 - Active
Sold
May 24, 2024
$1,400,000
Property sold
Listed for Sale
Feb 23, 2024
$1,550,000
Original listing
Agent: Anthony Giacalone Jr.
Office: Tony's Realty
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 04/08/2025 | 🏡 Currently Listed | $1,450,000 | - | - | MLS #73356382 - Active |
| 05/24/2024 | ✓ Sold | $1,400,000 | - | - | Property sold |
| 02/23/2024 | 🏠 Listed for Sale | $1,550,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2023 | $9,675 | — |
Financial Details
Annual Property Tax
$9,675
Tax Year 2023
Facts & Features
Home Facts
Type
Commercial Sale
Year Built
1920
Living Area
2,952 sq ft
Lot Size
0.03 acres
Investment Metrics
Gross Income
$70,800
Net Operating Income
$50,144
Operating Expenses
$20,656
Cap Rate
3.24%
Interior
Heating
None
Cooling
None
Flooring
None
Appliances
None
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
None
Utilities
Electric
None
Water
None
Sewer
None
Gas
None
Other
Public Water, Private Water, Natural Gas Available
Financial
Annual Tax
$9,675
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Seller Is In Process Of Obtaining Permits To Go Up Two More Floors And Have A Final Property With One Retail Level And Three Additional Levels With 5 Residential Units. Please Text Or Email List Agent For More Details. Square Footage Is Approximate.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Documents
None
County
Suffolk
Property Overview
Listing Type
Commercial Sale
Year Built
1920
Living Area
2,952 sq ft
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1920
Structure Type:
Exterior Materials:
Roof:
Foundation:
Heating, Cooling & Utilities
Heating:
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Parking Features:
Nearby Schools
School District
Boston School District local
C-
Where Graduates Go
Class of 2021
52%
attend college
38%
4-Year
14%
2-Year
7%
Out of State
7%
Working
School Safety
2024-25
3.7%
Above Average
3.2%
Suspensions
0.3%
In-School
0.5%
Emergency
1.8% below state avg
Elementary Schools
10 schools
B+
Alighieri Dante Montessori School
< 0.1 mi
|
#5 of 12
|
Score: 45.3
Improved 124 spots from last year
-12.9 below state avg
109 students
Diverse
Rising School
Grades PK-06
East Boston Central Catholic School
< 0.1 mi
Grades PK-08
D
McKay K-8 School
0.2 mi
|
#332 of 352
|
Score: 27.6
Dropped 36 spots from last year
-30.7 below state avg
640 students
Less Diverse
Grades PK-08
C-
Kennedy Patrick J Elementary School
0.4 mi
|
#670 of 824
|
Score: 37.5
Improved 47 spots from last year
-20.7 below state avg
279 students
Less Diverse
Rising School
Grades PK-06
C+
Otis Elementary School
0.4 mi
|
#551 of 824
|
Score: 42.9
Dropped 160 spots from last year
-15.3 below state avg
408 students
Moderate
Grades PK-06
D
Adams Elementary School
0.4 mi
|
#767 of 824
|
Score: 31.2
Dropped 88 spots from last year
-27 below state avg
237 students
Moderate
Grades PK-06
D
O'Donnell Elementary School
0.5 mi
|
#777 of 824
|
Score: 30.7
Dropped 52 spots from last year
-27.5 below state avg
256 students
Less Diverse
Grades PK-06
C+
Mario Umana Academy
0.5 mi
|
#11 of 16
|
Score: 26.9
Improved 333 spots from last year
-31.3 below state avg
634 students
Less Diverse
Rising School
Grades PK-08
A
Eliot K-8 Innovation School
0.8 mi
|
#48 of 352
|
Score: 57.2
Improved 2 spots from last year
-1.1 below state avg
784 students
Diverse
Strong Attendance
Grades PK-08
St. John Elementary School
0.9 mi
Grades PK-08
Middle Schools
10 schools
Middle School Academy
2.6 mi
F
Higginson/Lewis K-8 School
4.2 mi
|
#349 of 352
|
Score: 23.6
Improved 3 spots from last year
-34.6 below state avg
213 students
Diverse
Grades 03-08
A
Uncommon Schools - Roxbury Preparatory Dorchester Campus Middle School
4.5 mi
|
#4 of 16
|
Score: 41.9
Improved 187 spots from last year
-16.3 below state avg
1,126 students
Diverse
Rising School
College Ready Curriculum
Grades 05-08
Nativity Prep School
4.7 mi
Grades 05-08
Dearborn Middle School
4.9 mi
Mother Caroline Academy
5.0 mi
Grades 05-08
Epiphany School
5.6 mi
Grades 05-08
C
Ohrenberger School
9.4 mi
|
#265 of 352
|
Score: 34.9
Improved 20 spots from last year
-23.3 below state avg
477 students
Diverse
Rising School
Diverse Student Body
Grades 03-08
Edwards Middle
1.6 mi
UP Academy
2.6 mi
High Schools
10 schools
C-
East Boston High School
0.8 mi
|
#305 of 346
|
Score: 37.3
Improved 31 spots from last year
-20.9 below state avg
1,252 students
Less Diverse
14 sports
• 584 athletes
Early College Program
Rising School
Grades 07-12
D
Charlestown High School
1.3 mi
|
#322 of 346
|
Score: 31.0
Improved 49 spots from last year
-27.2 below state avg
754 students
Diverse
11 sports
• 488 athletes
Early College Program
Rising School
Grades 07-12
C
Quincy Upper School
2.1 mi
|
#268 of 346
|
Score: 44.6
Improved 4 spots from last year
-13.6 below state avg
557 students
Very Diverse
12 sports
• 208 athletes
High Graduation Rate
Diverse Student Body
Grades 06-12
Newman School
2.6 mi
Grades 07-12
Cathedral High School
2.6 mi
9 sports
• 430 athletes
Grades 07-12
C
Ruth Batson Academy
3.7 mi
|
#19 of 25
|
Score: 27.6
Improved 346 spots from last year
-30.6 below state avg
604 students
Diverse
8 sports
• 128 athletes
Early College Program
Rising School
Grades 07-12
B
Dearborn STEM Academy
3.7 mi
|
#13 of 25
|
Score: 31.7
Improved 356 spots from last year
-26.6 below state avg
565 students
Diverse
10 sports
• 242 athletes
Early College Program
Rising School
Grades 07-12
A-
O'Bryant School of Math & Science
3.8 mi
|
#90 of 346
|
Score: 61.1
Improved 94 spots from last year
+2.9 above state avg
1,509 students
Very Diverse
High Graduation Rate
Rising School
College Ready Curriculum
Diverse Student Body
Grades 07-12
A+
Boston Latin School
3.9 mi
|
#19 of 346
|
Score: 73.3
Improved 61 spots from last year
+15.1 above state avg
2,424 students
Very Diverse
18 sports
• 2,006 athletes
Strong AP Program
High Graduation Rate
Rising School
Strong Athletics
Grades 07-12
A+
Boston Latin Academy
4.4 mi
|
#2 of 25
|
Score: 63.9
Improved 214 spots from last year
+5.7 above state avg
1,693 students
Very Diverse
17 sports
• 1,298 athletes
High Graduation Rate
Rising School
Strong Athletics
Diverse Student Body
Grades 07-12
Learn about these ratings
Location
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Neighborhood
East Boston
23-25 Meridian St, Boston MA 02128
Boston, MA 02128
Listing Information
Listing Agent
Anthony Giacalone Jr.
Listing Office
Tony's Realty
Office Phone
617-561-4495
Agent MLS ID
BB901192
Office MLS ID
BB9775
Listing Data Updated
May 24, 2024 5:34 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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