Renovated Triplex with Shared
114-116 Thornton Street, Boston, MA 02119
For Sale
$1,725,000
Three updated residences provide four bedrooms, two baths, and shared basement laundry.
Property Size3,852 SF
Price / SF$447.82
Days on Market60
Property Features for 114-116 Thornton Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Cap Rate
Taxes and HOA fees
Annual Taxes
Amenities
gas heat
shared backyard
common laundry
granite countertops
stainless steel appliances
hardwood floors
eat-in kitchen
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Mission Realty Advisors
(203) 893-8316
Source:
Classifiedrealtygroup
Added: Sep 16
Changed: Nov 12
Last Checked: Nov 12 at 4:50AM
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
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Investment Insights
Based on property information with market context.
The property at 114-116 Thornton Street is a renovated triplex containing 3,852 square feet across three residences. Each unit includes four bedrooms, two bathrooms, a large living room, an eat-in kitchen, refinished hardwood flooring, granite countertops, and stainless steel appliances. Gas heat serves the building, while the basement provides common laundry with two washers and two dryers. A shared backyard adds outdoor space for residents.
Built in 1890, the property is located in Fort Hill, approximately one mile from Northeastern University. The setting offers access to the Longwood Medical Area, nearby universities, public transportation, Downtown Boston, Roxbury, and Mission Hill. The three-unit configuration provides a total of 12 bedrooms and 6 bathrooms, with approximately 1,284 square feet per residence.
Built in 1890, the property is located in Fort Hill, approximately one mile from Northeastern University. The setting offers access to the Longwood Medical Area, nearby universities, public transportation, Downtown Boston, Roxbury, and Mission Hill. The three-unit configuration provides a total of 12 bedrooms and 6 bathrooms, with approximately 1,284 square feet per residence.
Key Highlights
- Three residences with 4 bedrooms and 2 bathrooms each
- 3,852‑square‑foot multifamily property with approximately 1,284 square feet per unit
- Renovated interiors with granite countertops, stainless steel appliances, and refinished hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,337
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,946,740
$1.9M
Cap Rate 7%
$1,390,529
$1.4M
Cap Rate 9%
$1,081,522
$1.1M
Market Conditions
NOI Build-Up for 3,852 SF
Gross rent
$145.6K $37.80/SF
− Vacancy
−$6.6K −$1.70/SF
EGI
$139.1K $36.10/SF
− OpEx
−$41.7K −$10.83/SF
NOI
$97.3K $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%
$1,946,740
Cap Rate 7%
$1,390,529
Cap Rate 9%
$1,081,522
Alternative Uses
Best Use
Multifamily LT 5
$1.39M
$1.22M – $1.62M
NOI $97,337 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,491 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$2.88M
$2.52M – $3.37M
NOI $201,906 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,714
Businesses Nearby
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Business Placement
Demographics for 02119, MA
29,175
Population
12,937
Households
2.3
Avg Household Size
34
Median Age
30%
College-Educated
81%
High-School Grad
1.6 sq mi
ZIP Area
18,234
Density / Sq Mi
$43,255
Median Household Income
$38,664
Median Earnings
$1,252
Median Rent
$668,900
Median Home Value
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Market
Average Price Trend$/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 - Three updated residences provide four bedrooms, two baths, and shared basement laundry.
Where is this triplex located?
The property is located at 114-116 Thornton Street Boston, MA.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: Three residences with 4 bedrooms and 2 bathrooms each; 3,852‑square‑foot multifamily property with approximately 1,284 square feet per unit; Renovated interiors with granite countertops, stainless steel appliances, and refinished hardwood floors
