East Side Corner
1-3 O Street Boston, MA 02127
New
For Sale
$1,699,000
Vacant three-unit property with private deck access to a shared backyard and unit layouts of 3, 3, and 2 bedrooms.
Property Size3,561 SF
Price / SF$477.11
Days on Market6
Property Features for 1-3 O Street
General Information
- Standard status
- Active
- Size
- 3,561 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1890
Listing Agency:
Joyce Lebedew Real Estate
Listed By:
Joyce Lebedew
(617) 694-0004
Source:
Somervillelofts
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 26 at 10:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Joyce Lebedew Real Estate
Investment Insights
Based on property information with market context.
Offered for sale for the first time in over 50 years, this vacant corner three-family residence provides a total of three spacious units. The building includes unit configurations of 3 bedrooms, 3 bedrooms, and 2 bedrooms, with each unit providing private deck access to the backyard.
The property is located on the east side corner of O Street and East First Street, with access to nearby Farragut Road about two blocks away. It is also described as being in close proximity to beaches, parks, and a dog park, and it sits directly on a bus route for transit access.
The legal address is 1-3 O Street. The listing also notes potential for a curb cut that could allow valuable off-street parking.
The property is located on the east side corner of O Street and East First Street, with access to nearby Farragut Road about two blocks away. It is also described as being in close proximity to beaches, parks, and a dog park, and it sits directly on a bus route for transit access.
The legal address is 1-3 O Street. The listing also notes potential for a curb cut that could allow valuable off-street parking.
Key Highlights
- Vacant three‑family property offered for the first time in over 50 years
- 3,500+ SF total living area with three units configured as 3BD, 3BD, and 2BD
- Each unit has private deck access to the shared backyard
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $134.6k | $37.80 |
| − Vacancy | −$6.1k | −$1.70 |
| EGI | $128.5k | $36.10 |
| − OpEx | −$38.6k | −$10.83 |
| NOI | $90.0k | $25.27 |
3,561 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.29M
$1.12M – $1.50M
NOI $89,984 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.39M
NOI $83,655 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$2.67M
$2.33M – $3.11M
NOI $186,653 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Vacant three-unit property with private deck access to a shared backyard and unit layouts of 3, 3, and 2 bedrooms.
Where is this triplex located?
The property is located at 1-3 O Street Boston, MA.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Vacant three‑family property offered for the first time in over 50 years; 3,500+ SF total living area with three units configured as 3BD, 3BD, and 2BD; Each unit has private deck access to the shared backyard
