Three-Unit Triplex with
For Sale
$1,125,000
109 Capen St, Boston, MA 02124
Residential Income, Boston, MA
Property Size3,369 SF
Lot Size0.05 Acres
Price / SF$333.93
Days on Market95
Property Features for 109 Capen St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 8, Bedroom 2, Bedroom 6, Bedroom 9, Bathroom 2, Bedroom 4, Bedroom 7, Bedroom 3, Bedroom 5
Parking
1
Directions
Gallivan Blvd to Selden to Capen
Subdivision
Dorchester
Standard status
Active
APN
W:17 P:02547 S:001,1309093
Size
3,369 SF
Lot size
0.05 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10703
Amenities
hardwood floors
shared basement laundry
front and rear porches
common backyard
Building Details
Year built
1905
Floors in Building
3
Number of units
3
Buildings
1
Listing Agency:
Keller Williams Realty Boston Northwest
(617) 497-8900
Listed By:
Christina Hill
(978) 369-5775
Added: Jul 23
Changed: Oct 24
Last Checked: Oct 25 at 8:06AM
MLS# 73553914
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1905 triplex contains 3,369 square feet across three residential units, each configured with 3 bedrooms and 1 full bathroom. The property was freshly painted in 2025 and includes hardwood flooring, front and rear porches, a shared backyard, basement laundry, and on-street parking. Separate utility service includes 3 gas meters, 4 electric meters, including a common panel, and three gas forced-air heating systems.
All three units are occupied through housing voucher programs, with Unit 3 leased through 9/21/2026. The property is located at 109 Capen St in Boston’s 02124 ZIP code, near shopping, restaurants, public transportation, and major commuter routes. Zoning is R3, and the lot measures 0.0524 acres.
All three units are occupied through housing voucher programs, with Unit 3 leased through 9/21/2026. The property is located at 109 Capen St in Boston’s 02124 ZIP code, near shopping, restaurants, public transportation, and major commuter routes. Zoning is R3, and the lot measures 0.0524 acres.
Key Highlights
- Three‑unit property with 3,369 square feet
- Each unit includes 3 bedrooms and 1 full bathroom
- All units occupied through housing voucher programs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,132
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,702,640
$1.7M
Cap Rate 7%
$1,216,171
$1.2M
Cap Rate 9%
$945,911
$945.9K
Market Conditions
NOI Build-Up for 3,369 SF
Gross rent
$127.3K $37.80/SF
− Vacancy
−$5.7K −$1.70/SF
EGI
$121.6K $36.10/SF
− OpEx
−$36.5K −$10.83/SF
NOI
$85.1K $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 Rate 5%
$1,702,640
Cap Rate 7%
$1,216,171
Cap Rate 9%
$945,911
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.06M – $1.42M
NOI $85,132 @ 7.0% cap · market cap 7.57%
Second Best
Apartment 5plus
$1.13M
$989.3K – $1.32M
NOI $79,145 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$2.52M
$2.21M – $2.94M
NOI $176,590 @ 7.0% cap · market cap 15.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
990
Businesses Nearby
Explore this area
Business Placement
Demographics for 02124, MA
50,972
Population
21,264
Households
2.4
Avg Household Size
36
Median Age
31%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
16,991
Density / Sq Mi
$79,168
Median Household Income
$43,483
Median Earnings
$1,783
Median Rent
$607,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence offers three bedrooms, one full bathroom, hardwood floors, and access to shared basement laundry.
Where is this triplex located?
The property is located at 109 Capen St Boston, MA.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Three‑unit property with 3,369 square feet; Each unit includes 3 bedrooms and 1 full bathroom; All units occupied through housing voucher programs
