Renovated 4-Family
For Sale
$1,495,000
10 Everett Avenue, Boston, MA 02125
Four residential units feature updated kitchens, baths, and building systems with separate utilities.
Property Size3,942 SF
Days on Market273
Property Features for 10 Everett Avenue
General Information
Standard status
Active
Size
3,942 SF
Property subtype
4 Family - 4 Units Up/Down
Taxes and HOA fees
Annual Taxes
$10,643
Building Details
Building Size
3,942 SF
Year Built
1979
Listing Agency:
Longwood Residential, LLC
Listed By:
Ron Ifrah
Source:
Downtownbostonrealty
Added: Dec 1, 2025
Changed: Aug 29
Last Checked: Aug 31 at 12:50AM
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 Longwood Residential, LLC
Investment Insights
Based on property information with market context.
This four-family property contains renovated apartments with newer kitchens and bathrooms, upgraded building systems, and separate utilities. The building was constructed in 1979, and off-street parking is included.
The property is located at 10 Everett Avenue in Boston’s Jones Hill area, with access to the T, nearby shops, restaurants, and the surrounding Savin Hill and Jones Hill amenities. Its residential configuration and improvements provide a clearly defined multifamily asset in an established Boston setting.
The property is located at 10 Everett Avenue in Boston’s Jones Hill area, with access to the T, nearby shops, restaurants, and the surrounding Savin Hill and Jones Hill amenities. Its residential configuration and improvements provide a clearly defined multifamily asset in an established Boston setting.
Key Highlights
- Four‑family property with renovated apartments
- Newer kitchens and bathrooms throughout the apartments
- Upgraded building systems
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
$99,612
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
6.66%
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%
$1,992,240
$2.0M
Cap Rate 7%
$1,423,029
$1.4M
Cap Rate 9%
$1,106,800
$1.1M
Market Conditions
NOI Build-Up for 3,942 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
$149.0K $37.80/SF
− Vacancy
−$6.7K −$1.70/SF
EGI
$142.3K $36.10/SF
− OpEx
−$42.7K −$10.83/SF
NOI
$99.6K $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%
$1,992,240
Cap Rate 7%
$1,423,029
Cap Rate 9%
$1,106,800
Alternative Uses
Best Use
Multifamily LT 5
$1.42M
$1.25M – $1.66M
NOI $99,612 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$1.32M
$1.16M – $1.54M
NOI $92,606 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,624 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,674
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?
Quadplex - Four residential units feature updated kitchens, baths, and building systems with separate utilities.
Where is this quadplex located?
The property is located at 10 Everett Avenue Boston, MA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Four‑family property with renovated apartments; Newer kitchens and bathrooms throughout the apartments; Upgraded building systems
