Three-Unit Residential Income
106 Barnes Avenue Boston, MA 02128
106 Barnes Avenue, Boston, MA, 02128
$1,349,900
For Sale
$1,349,900
Three residential units with off-street parking and in-unit laundry, plus a yard.
Property Size3,977 SF
Price / SF$339.43
Days on Market10
Property Features for 106 Barnes Avenue
General Information
- Standard status
- Active
- Size
- 3,977 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1960
Listing agency
Compass
Listed by
Skambas Realty Group
(617) 262-1470
Source
Fairfieldrealtyboston
Added: Jul 12 Updated: Jul 21 at 2:27PM Checked: Jul 21 at 2:27PM
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 Compass
Investment Insights
Based on property information with market context.
106 Barnes Avenue is a three-family residential income property offering spacious units across three levels. The first-floor lower level unit includes three bedrooms and recently updated features such as an open-concept kitchen with an electric stove and wall oven, a spacious living room, and a full bath. The second-floor unit has three bedrooms and hardwood floors, along with a kitchen, one full bath, and in-unit washer/dryer. The third-floor unit offers two bedrooms with a kitchen featuring granite countertops, shaker cabinetry, and a tile backsplash, plus a generous dining area and two full baths, including a glass-enclosed shower and dual vanities, with in-unit washer/dryer.
The property includes off-street parking and a nice-size back yard. It is conveniently located near the Blue Line, Constitution Beach, shopping, restaurants, parks, major routes, and Logan Airport.
The property includes off-street parking and a nice-size back yard. It is conveniently located near the Blue Line, Constitution Beach, shopping, restaurants, parks, major routes, and Logan Airport.
Key Highlights
- 3‑family property built in 1960 in East Boston’s Orient Heights neighborhood
- Off‑street parking plus a nice‑size back yard
- First‑floor unit: 3 bedrooms, full bath, recently renovated updates with open‑concept kitchen
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 | $150.3k | $37.80 |
| − Vacancy | −$6.8k | −$1.70 |
| EGI | $143.6k | $36.10 |
| − OpEx | −$43.1k | −$10.83 |
| NOI | $100.5k | $25.27 |
3,977 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.44M
$1.26M – $1.67M
NOI $100,496 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$1.33M
$1.17M – $1.56M
NOI $93,428 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$2.98M
$2.61M – $3.47M
NOI $208,458 @ 7.0% cap · market cap 15.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three residential units with off-street parking and in-unit laundry, plus a yard.
Where is this triplex located?
The property is located at 106 Barnes Avenue Boston, MA.
What is the asking price?
The asking price for this property is $1,349,900.
What are key features of this property?
This property features: 3‑family property built in 1960 in East Boston’s Orient Heights neighborhood; Off‑street parking plus a nice‑size back yard; First‑floor unit: 3 bedrooms, full bath, recently renovated updates with open‑concept kitchen
