Partially Updated
For Sale
$1,490,000
109 Eutaw Street, Boston, MA 02128
Four-unit property with hardwood floors, renovated kitchens, and split-system central air.
Property Size3,848 SF
Price / SF$387.21
Days on Market50
Property Features for 109 Eutaw Street
General Information
Standard status
Active
Size
3,848 SF
Property subtype
4 Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
4
Amenities
hardwood floors
renovated kitchens
central air split systems
Building Details
Year Built
1865
Listing Agency:
Coldwell Banker Realty - Boston
(617) 266-4430
Listed By:
AJ Arstamyan
(617) 594-4047
Source:
Lockandkeyre
Added: Aug 19
Changed: Oct 7
Last Checked: Oct 7 at 12:23PM
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 Coldwell Banker Realty - Boston
Investment Insights
Based on property information with market context.
This 3,848-square-foot quadplex contains four residential units and was built in 1865. The property has received partial updates, including hardwood flooring, renovated kitchens, and central air provided through split systems. The first unit has been comprehensively modernized with an updated kitchen and bathroom, contemporary finishes, and central air. Units two through four remain positioned for renovation and further improvement.
The property is located at 109 Eutaw Street in Boston’s East Boston neighborhood, near public transportation, Logan Airport, major highways, and the area’s dining and retail offerings. Its existing four-unit configuration provides a defined multifamily layout, while the differing levels of completion across the units create a range of renovation considerations for the next owner.
The property is located at 109 Eutaw Street in Boston’s East Boston neighborhood, near public transportation, Logan Airport, major highways, and the area’s dining and retail offerings. Its existing four-unit configuration provides a defined multifamily layout, while the differing levels of completion across the units create a range of renovation considerations for the next owner.
Key Highlights
- 3,848 square feet with four residential units
- Built in 1865
- First unit fully modernized with updated kitchen, bathroom, finishes, and central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,236
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,944,720
$1.9M
Cap Rate 7%
$1,389,086
$1.4M
Cap Rate 9%
$1,080,400
$1.1M
Market Conditions
NOI Build-Up for 3,848 SF
Gross rent
$145.5K $37.80/SF
− Vacancy
−$6.5K −$1.70/SF
EGI
$138.9K $36.10/SF
− OpEx
−$41.7K −$10.83/SF
NOI
$97.2K $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%
$1,944,720
Cap Rate 7%
$1,389,086
Cap Rate 9%
$1,080,400
Alternative Uses
Best Use
Multifamily LT 5
$1.39M
$1.22M – $1.62M
NOI $97,236 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,397 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,697 @ 7.0% cap · market cap 13.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,553
Businesses Nearby
Explore this area
Business Placement
Demographics for 02128, MA
43,066
Population
19,124
Households
2.3
Avg Household Size
33
Median Age
38%
College-Educated
77%
High-School Grad
5.0 sq mi
ZIP Area
8,613
Density / Sq Mi
$92,079
Median Household Income
$48,549
Median Earnings
$2,009
Median Rent
$680,000
Median Home Value
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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?
Quadplex - Four-unit property with hardwood floors, renovated kitchens, and split-system central air.
Where is this quadplex located?
The property is located at 109 Eutaw Street Boston, MA.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: 3,848 square feet with four residential units; Built in 1865; First unit fully modernized with updated kitchen, bathroom, finishes, and central air
