Three-Story
For Sale
$1,449,000
10 Auckland Street, Boston, MA 02125
Multifamily property with six bedrooms, three full bathrooms, and storage within each unit.
Property Size4,157 SF
Lot Size0.08 Acres
Price / SF$348.57
Days on Market55
Property Features for 10 Auckland Street
General Information
Standard status
Active
Size
4,157 SF
Lot size
0.08 Acres
Property subtype
3 Family - 3 Units Up/Down
Taxes and HOA fees
Annual Taxes
$18,265
Amenities
in-unit storage
Building Details
Building Size
4,157 SF
Year Built
1900
Buildings
1
Stories
3
Listing Agency:
Olde Towne Real Estate Co.
(617) 822-0300
Listed By:
Dennis M. Conway
Source:
Madelyngarciarealestate
Added: Jun 21
Changed: Aug 12
Last Checked: Aug 14 at 12:25PM
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 Olde Towne Real Estate Co.
Investment Insights
Based on property information with market context.
This 1900-built triplex contains 4,157 square feet of living area across three stories on a 3,636-square-foot lot. The property includes six bedrooms, three full bathrooms, and storage within the units. Its layout provides separate residential accommodations while retaining the scale and character of an early twentieth-century building.
The first- and second-floor units can be converted to three-bedroom units, creating a potential configuration change within the existing structure. Located at 10 Auckland Street in Boston, MA 02125, the property is in the Savin Hill area and offers a multifamily format suited to residential occupancy or investment use.
The first- and second-floor units can be converted to three-bedroom units, creating a potential configuration change within the existing structure. Located at 10 Auckland Street in Boston, MA 02125, the property is in the Savin Hill area and offers a multifamily format suited to residential occupancy or investment use.
Key Highlights
- 4,157 square feet of living area
- Three‑story triplex built in 1900
- Six bedrooms and three full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$105,044
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,100,880
$2.1M
Cap Rate 7%
$1,500,629
$1.5M
Cap Rate 9%
$1,167,156
$1.2M
Market Conditions
NOI Build-Up for 4,157 SF
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.
Gross rent
$157.1K $37.80/SF
− Vacancy
−$7.1K −$1.70/SF
EGI
$150.1K $36.10/SF
− OpEx
−$45.0K −$10.83/SF
NOI
$105.0K $25.27/SF
Area
Boston, MA
Vacancy
4.50%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,100,880
Cap Rate 7%
$1,500,629
Cap Rate 9%
$1,167,156
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,044 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,656 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$3.11M
$2.72M – $3.63M
NOI $217,893 @ 7.0% cap · market cap 15.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,405
Businesses Nearby
Explore this area
Business Placement
Demographics for 02125, MA
34,926
Population
14,999
Households
2.3
Avg Household Size
32
Median Age
42%
College-Educated
87%
High-School Grad
2.2 sq mi
ZIP Area
15,875
Density / Sq Mi
$71,810
Median Household Income
$52,106
Median Earnings
$1,897
Median Rent
$645,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Multifamily property with six bedrooms, three full bathrooms, and storage within each unit.
Where is this triplex located?
The property is located at 10 Auckland Street Boston, MA.
What is the asking price?
The asking price for this property is $1,449,000.
What are key features of this property?
This property features: 4,157 square feet of living area; Three‑story triplex built in 1900; Six bedrooms and three full bathrooms
