12-Bedroom Multifamily
For Sale
$1,733,333
10 Verrill St, Boston, MA 02126
Vacant three-story residential asset offering renovation and repositioning flexibility in Boston.
Property Size5,664 SF
Lot Size0.11 Acres
Price / SF$306.03
Days on Market21
Property Features for 10 Verrill St
General Information
Standard status
Active
Size
5,664 SF
Total Parking Spaces
2
Lot size
0.11 Acres
Property subtype
Multifamily
Taxes and HOA fees
Annual Taxes
$10,107
Building Details
Building Size
5,664 SF
Year Built
1920
Stories
3
Listing Agency:
Greenville Real Estate Group, Inc.
Listed By:
Oleg Elisev
(617) 983-8300
Source:
Classifiedrealtygroup
Added: Sep 15
Changed: Sep 27
Last Checked: Oct 4 at 7:02AM
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 Greenville Real Estate Group, Inc.
Investment Insights
Based on property information with market context.
Located at 10 Verrill Street in Boston, this multifamily property provides approximately 5,664 square feet of living area across three stories. Built in 1920, the building contains 12 bedrooms and 6 full bathrooms on a 4,951-square-foot lot.
The property will be delivered vacant, allowing the next owner to take control without existing tenancies in place. Its bedroom count, full-building configuration, and substantial living area support a range of renovation and repositioning strategies, including establishing new market-rate rents or implementing a tailored business plan.
The property will be delivered vacant, allowing the next owner to take control without existing tenancies in place. Its bedroom count, full-building configuration, and substantial living area support a range of renovation and repositioning strategies, including establishing new market-rate rents or implementing a tailored business plan.
Key Highlights
- Approximately 5,664 square feet of living area
- 12 bedrooms and 6 full bathrooms
- Three‑story building constructed in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,059
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,661,180
$2.7M
Cap Rate 7%
$1,900,843
$1.9M
Cap Rate 9%
$1,478,433
$1.5M
Market Conditions
NOI Build-Up for 5,664 SF
Gross rent
$251.5K $44.40/SF
− Vacancy
−$9.6K −$1.69/SF
EGI
$241.9K $42.71/SF
− OpEx
−$108.9K −$19.22/SF
NOI
$133.1K $23.49/SF
Area
Boston, MA
Vacancy
3.80%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,661,180
Cap Rate 7%
$1,900,843
Cap Rate 9%
$1,478,433
Alternative Uses
Best Use
Apartment 5plus
$1.90M
$1.66M – $2.22M
NOI $133,059 @ 7.0% cap · market cap 7.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.24M
$3.71M – $4.95M
NOI $296,884 @ 7.0% cap · market cap 17.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
816
Businesses Nearby
Explore this area
Business Placement
Demographics for 02126, MA
22,734
Population
9,617
Households
2.4
Avg Household Size
38
Median Age
24%
College-Educated
87%
High-School Grad
1.8 sq mi
ZIP Area
12,630
Density / Sq Mi
$67,206
Median Household Income
$42,397
Median Earnings
$1,659
Median Rent
$515,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Vacant three-story residential asset offering renovation and repositioning flexibility in Boston.
Where is this multifamily property located?
The property is located at 10 Verrill St Boston, MA.
What is the asking price?
The asking price for this property is $1,733,333.
What are key features of this property?
This property features: Approximately 5,664 square feet of living area; 12 bedrooms and 6 full bathrooms; Three‑story building constructed in 1920
