Three-Family Residential Income
109 Capen St Boston, MA 02124
New
For Sale
$1,150,000
MULTI_FAMILY - Boston, MA
Property Size3,369 SF
Lot Size0.05 Acres
Price / SF$341.35
Days on Market4
Property Features for 109 Capen St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bedroom 9, Bedroom 5, Bedroom 7, Bathroom 1, Bedroom 8, Bedroom 2, Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 1
- Parking
- 1
- Standard status
- Active
- APN
- W:17 P:02547 S:001,1309093
- Size
- 3,369 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10703
Building Details
- Year built
- 1905
- Floors in Building
- 3
- Number of units
- 3
Listing Agency:
Keller Williams Realty Boston Northwest
(617) 497-8900
Listed By:
Christina Hill
(978) 369-5775
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 26 at 11:06PM
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.
Investment Insights
Based on property information with market context.
This three-family residential income property includes three 3-bedroom, 1-bath units. The home has separate utilities with 3 gas meters and 4 electric meters (including a common panel), along with three gas forced-air heating systems. Interior features include hardwood floors, and the property also offers a shared basement laundry area, front and rear porches, and a common backyard. Fresh interior painting was completed in 2025.
The property is zoned R3 and is located at 109 Capen St in Boston, MA 02124. All three units are currently occupied through housing voucher programs, and Unit 3 is leased through 9/30/2026. On-street parking is available.
Showings require 48-hour notice. All information provided is based on the current listing remarks.
The property is zoned R3 and is located at 109 Capen St in Boston, MA 02124. All three units are currently occupied through housing voucher programs, and Unit 3 is leased through 9/30/2026. On-street parking is available.
Showings require 48-hour notice. All information provided is based on the current listing remarks.
Key Highlights
- Three‑family property built in 1905 with $9,500/month rental income; all units are currently occupied
- Each unit has 3 bedrooms and 1 full bathroom, creating a consistent unit mix
- Unit 3 is leased through 9/30/2026; other units are occupied through housing voucher programs
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 | $127.3k | $37.80 |
| − Vacancy | −$5.7k | −$1.70 |
| EGI | $121.6k | $36.10 |
| − OpEx | −$36.5k | −$10.83 |
| NOI | $85.1k | $25.27 |
3,369 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.06M – $1.42M
NOI $85,132 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$1.13M
$989.3K – $1.32M
NOI $79,145 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$2.52M
$2.21M – $2.94M
NOI $176,590 @ 7.0% cap · market cap 15.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three occupied units with separate utilities, gas forced-air heat, and shared basement laundry, with front and rear porches.
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 $1,150,000.
What are key features of this property?
This property features: Three‑family property built in 1905 with $9,500/month rental income; all units are currently occupied; Each unit has 3 bedrooms and 1 full bathroom, creating a consistent unit mix; Unit 3 is leased through 9/30/2026; other units are occupied through housing voucher programs
