Three-Story Apartment
1-4 Schrepel Place Boston, MA 02127
For Sale
$5,900,000
Three-story multifamily building with 12 units, separate utilities, basement laundry, and off-street parking.
Property Size11,070 SF
Lot Size0.15 Acres
Price / SF$532.97
Days on Market123
Property Features for 1-4 Schrepel Place
General Information
- Standard status
- Active
- Size
- 11,070 SF
- Lot size
- 0.15 Acres
- Property subtype
- Multi-family / 5+ Family - 5+ Units Up/Down
Building Details
- Year Built
- 1920
Listing Agency:
Horvath & Tremblay
(781) 776-4000
Listed By:
Kelleher - Pentore Team
(781) 776-4000
Source:
Compass
Added: Mar 27
Changed: Jul 23
Last Checked: Jul 26 at 11:52AM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
The property is a three-story apartment building containing 12 units with 11,070 square feet of living area. The unit mix includes eight 2-bedroom/1-bathroom apartments and four 1-bedroom/1-bathroom apartments. Each unit has separate utilities, and tenants are responsible for their own electricity, electric heat and hot water.
On-site amenities include a coin-operated laundry facility in the basement, individual tenant storage spaces in the basement, and eight off-street parking spaces. Several units have been renovated with hardwood floors, cherry-colored wood cabinets, granite countertops, and stainless-steel appliances.
The building is situated on a 0.149-acre parcel, supporting a compact residential-income configuration with dedicated utility responsibility and basic resident services.
On-site amenities include a coin-operated laundry facility in the basement, individual tenant storage spaces in the basement, and eight off-street parking spaces. Several units have been renovated with hardwood floors, cherry-colored wood cabinets, granite countertops, and stainless-steel appliances.
The building is situated on a 0.149-acre parcel, supporting a compact residential-income configuration with dedicated utility responsibility and basic resident services.
Key Highlights
- 12‑unit three‑story multifamily building with 11,070 sq ft living area in 14,760 gross sq ft
- Unit mix: eight 2BR/1BA units and four 1BR/1BA units
- Separate utilities: tenants responsible for electricity, electric heat, and hot water
Financial Insights For Apartment 5plus
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 | $491.5k | $44.40 |
| − Vacancy | −$18.7k | −$1.69 |
| EGI | $472.8k | $42.71 |
| − OpEx | −$212.8k | −$19.22 |
| NOI | $260.1k | $23.49 |
11,070 SF · lease $44.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.72M
$3.25M – $4.33M
NOI $260,057 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.29M
$7.25M – $9.67M
NOI $580,245 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Three-story multifamily building with 12 units, separate utilities, basement laundry, and off-street parking.
Where is this apartment building located?
The property is located at 1-4 Schrepel Place Boston, MA.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: 12‑unit three‑story multifamily building with 11,070 sq ft living area in 14,760 gross sq ft; Unit mix: eight 2BR/1BA units and four 1BR/1BA units; Separate utilities: tenants responsible for electricity, electric heat, and hot water
