Brick Fourplex with Garden-Level
104-104a Tyler Street Boston, MA 02111
104-104a Tyler Street, Boston, MA, 02111
$2,350,000
For Sale
$2,350,000
Brick four-family includes an additional garden-level/basement commercial unit.
Property Size3,960 SF
Price / SF$593.43
Days on Market136
Property Features for 104-104a Tyler Street
General Information
- Standard status
- Active
- Size
- 3,960 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1899
Listing agency
V & E Realty
Listed by
Derek Wong
(781) 545-3155
Source
Grandgables
Added: Mar 9 Updated: Jul 21 at 12:10PM Checked: Jul 21 at 12:10PM
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 V & E Realty
Investment Insights
Based on property information with market context.
Brick four-family property with an additional commercial unit located in the garden level/basement. The building is configured as a four-unit residential asset with separate commercial space on the lower level.
The property is described as being close to MBTA stations (Red, Orange, Green, and Silver Lines) as well as South Station and Downtown Crossing, with convenient access to major highways. It is also noted to be near Tufts Medical Center and Tufts University School of Medicine.
The seller highlights that with major renovation, the property could be reimagined as an income-producing asset, and buyers may explore options to apply for additional units or expansion through the appropriate due diligence and permitting process.
The property is described as being close to MBTA stations (Red, Orange, Green, and Silver Lines) as well as South Station and Downtown Crossing, with convenient access to major highways. It is also noted to be near Tufts Medical Center and Tufts University School of Medicine.
The seller highlights that with major renovation, the property could be reimagined as an income-producing asset, and buyers may explore options to apply for additional units or expansion through the appropriate due diligence and permitting process.
Key Highlights
- Brick 4‑family building built in 1899
- Includes an additional garden‑level/basement commercial unit
- Buyer may explore potential for additional units or expansion (buyer to conduct due diligence)
Local 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 | $149.7k | $37.80 |
| − Vacancy | −$6.7k | −$1.70 |
| EGI | $143.0k | $36.10 |
| − OpEx | −$42.9k | −$10.83 |
| NOI | $100.1k | $25.27 |
3,960 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.43M
$1.25M – $1.67M
NOI $100,066 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $93,028 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$2.97M
$2.59M – $3.46M
NOI $207,567 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Brick four-family includes an additional garden-level/basement commercial unit.
Where is this quadplex located?
The property is located at 104-104a Tyler Street Boston, MA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Brick 4‑family building built in 1899; Includes an additional garden‑level/basement commercial unit; Buyer may explore potential for additional units or expansion (buyer to conduct due diligence)
