Renovated Triplex with Private
11-15 Pomeroy Street, Boston, MA 02134
For Sale
$2,400,000
Fully leased residential property with updated interiors, individual utilities, and outdoor space near neighborhood retail and commuter amenities.
Property Size3,844 SF
Price / SF$624.35
Days on Market111
Property Features for 11-15 Pomeroy Street
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Road Access
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Additional Details
Cap Rate
Amenities
in-unit washer/dryer
central air conditioning
front porch
rear deck
yard
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
The Charles Realty
Listed By:
Sarah Glovsky
(617) 236-0353
Source:
Thecharlesrealty
Added: Jul 27
Changed: Nov 12
Last Checked: Nov 12 at 8:30AM
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 The Charles Realty
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Investment Insights
Based on property information with market context.
This 3,844-square-foot triplex at 11-15 Pomeroy Street includes two 4-bedroom units and one 3-bedroom unit, each with a private entrance. Renovated less than five years ago, the property features white kitchens with stainless steel appliances, stone countertops, tiled bathrooms, oak hardwood floors, in-unit washers and dryers, and central air conditioning. A front porch, large rear deck, and spacious yard add shared outdoor amenities. The building was constructed in 1885.
All three units are fully leased and supported by separate utilities, including individually metered water and sewer. The property is positioned near the North Beacon Street commercial district, with shops, restaurants, and other amenities nearby. Boston Landing provides commuter rail access along with dining, retail, entertainment, fitness, and recreation options. The location also offers access to downtown Boston and area hospitals and universities. The reported cap rate is 5.6%.
All three units are fully leased and supported by separate utilities, including individually metered water and sewer. The property is positioned near the North Beacon Street commercial district, with shops, restaurants, and other amenities nearby. Boston Landing provides commuter rail access along with dining, retail, entertainment, fitness, and recreation options. The location also offers access to downtown Boston and area hospitals and universities. The reported cap rate is 5.6%.
Key Highlights
- 3,844‑square‑foot triplex with two 4‑bedroom units and one 3‑bedroom unit
- Fully leased with a reported 5.6% cap rate
- Renovated less than five years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,135
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,942,700
$1.9M
Cap Rate 7%
$1,387,643
$1.4M
Cap Rate 9%
$1,079,278
$1.1M
Market Conditions
NOI Build-Up for 3,844 SF
Gross rent
$145.3K $37.80/SF
− Vacancy
−$6.5K −$1.70/SF
EGI
$138.8K $36.10/SF
− OpEx
−$41.6K −$10.83/SF
NOI
$97.1K $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%
$1,942,700
Cap Rate 7%
$1,387,643
Cap Rate 9%
$1,079,278
Alternative Uses
Best Use
Multifamily LT 5
$1.39M
$1.21M – $1.62M
NOI $97,135 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,303 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,487 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,381
Businesses Nearby
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Business Placement
Demographics for 02134, MA
21,707
Population
9,027
Households
2.4
Avg Household Size
27
Median Age
76%
College-Educated
96%
High-School Grad
1.2 sq mi
ZIP Area
18,089
Density / Sq Mi
$75,317
Median Household Income
$49,275
Median Earnings
$2,269
Median Rent
$586,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Boston, MA
Properties on Market for Triplexes in Boston
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Fully leased residential property with updated interiors, individual utilities, and outdoor space near neighborhood retail and commuter amenities.
Where is this triplex located?
The property is located at 11-15 Pomeroy Street Boston, MA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 3,844‑square‑foot triplex with two 4‑bedroom units and one 3‑bedroom unit; Fully leased with a reported 5.6% cap rate; Renovated less than five years ago
