Building Details

Year Built 1940

Listing Agency: The Galvin Group,LLC

Listed By: Team Galvin Show Phone

Source: Milburyre

Added: Jun 19 Changed: Oct 19 Last Checked: Oct 19 at 9:06AM

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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 Galvin Group,LLC

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Investment Insights

Based on property information with market context.

This for-sale corner mixed-use property features three residential units and one commercial storefront, creating a combined income setup in a single building. The configuration supports both street-level retail activity and residential occupancy under one ownership.

Located at 1152 Dorchester Avenue in Boston’s Savin Hill area, the property is described as being near the Savin Hill Red Line station, Malibu Beach, UMass Boston, restaurants, shopping, and major commuter routes. For a buyer seeking a mixed-use asset with both residential and storefront space, the site’s corner positioning is a notable feature of the overall layout.

Key Highlights

• Corner mixed‑use building built in 1940 with three residential units and one commercial storefront
• Mixed‑use setup with both residential units and a commercial storefront for diversified income potential
• Located in Savin Hill, near the Savin Hill Red Line station and major commuter routes

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$111,134

Cap Rate

8.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,222,680 $2.2M

Cap Rate 7%

$1,587,629 $1.6M

Cap Rate 9%

$1,234,822 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,398 SF

Gross rent

$166.2K $37.80/SF

− Vacancy

−$7.5K −$1.70/SF

EGI

$158.8K $36.10/SF

− OpEx

−$47.6K −$10.83/SF

NOI

$111.1K $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%

$2,222,680

Cap Rate 7%

$1,587,629

Cap Rate 9%

$1,234,822

Alternative Uses

Best Use

Multifamily LT 5

$1.59M

$1.39M – $1.85M (±1% cap)

NOI $111,134 @ 7.0% cap · market cap 8.00%

Second Best

Apartment 5plus

$1.48M

$1.29M – $1.72M (±1% cap)

NOI $103,318 @ 7.0% cap · market cap 7.43%

Theoretical Best

Office A

$3.29M

$2.88M – $3.84M (±1% cap)

NOI $230,526 @ 7.0% cap · market cap 16.58%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

C-TechSolution Inc Computer & Electronic Repair

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Acupuncture (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,742

Businesses Nearby

Explore this area Business Placement

Demographics for 02125, MA

34,926

Population

14,999

Households

2.3

Avg Household Size

32

Median Age

42%

College-Educated

87%

High-School Grad

2.2 sq mi

ZIP Area

15,875

Density / Sq Mi

$71,810

Median Household Income

$52,106

Median Earnings

$1,897

Median Rent

$645,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Corner building with three residential units and one commercial storefront.

Where is this triplex located?

The property is located at 1152 Dorchester Avenue Boston, MA.

What is the asking price?

The asking price for this property is $1,390,000.

What are key features of this property?

This property features: Corner mixed‑use building built in 1940 with three residential units and one commercial storefront; Mixed‑use setup with both residential units and a commercial storefront for diversified income potential; Located in Savin Hill, near the Savin Hill Red Line station and major commuter routes