8 One-Bedroom Units + Studio & Commercial Space | High-Demand Investment

7420 Commonwealth Ave is a well-maintained 8-unit multifamily asset featuring an additional 1,440 SF lower-level commercial/studio suite, ideally located in the highly desirable Maplewood submarket. The property offers immediate, stable cash flow with all residential units fully leased, along with clear upside through strategic rent increases and lease-up of the commercial space.

Recent capital improvements—including a 50-year metal roof, new vinyl windows, and composite entry doors—help minimize near-term capital expenditure and enhance long-term durability.

Current apartment rents are approximately 20% below market, supported by comparable one-bedroom units within a 1.5-mile radius over the past year, presenting a strong value-add opportunity. The lower-level commercial space is well-suited for a contractor’s warehouse/office and is projected to achieve approximately $1,920/month ($16/SF) based on market rents.

Additional revenue opportunities include leasing storage units and monetizing off-street parking, further enhancing the asset’s income potential.