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Dorchester Multifamily Portfolio Trades with Vacant Buildable Lot
Marcus & Millichap closed the sale of the Fuller Street Portfolio, a 12-unit multifamily portfolio in the Dorchester neighborhood of Boston, for $3,995,000. The team of SVPs Evan Griffth and Tony Pepdjonovic marketed the properties on behalf of the seller and procured the buyer, both private investors.
The portfolio, located at 46-48 and 301-305 Fuller St. in Dorchester, is comprised of two six-unit buildings and a vacant buildable lot. “The properties were very well-maintained for over two decades, and the pride of ownership was key to the success we saw during the marketing process,” said Pepdjonovic. “We were on the market for less than a week and ultimately closed the deal for $20,000 over the asking price with no contingencies.
Griffth added, “The real bonus to this opportunity was the vacant buildable lot at 305 Fuller St., which made this portfolio a rare find for an investor seeking both immediate returns and long-term potential.” This marks the sixth sale in Dorchester for the duo in the past 60 days.
- ◦Sale/Acquisition
