Fully Leased Triplex with Rear
New
For Sale
$1,795,000
12 Dalrymple St, Boston, MA 02130
Three oversized residences feature updated kitchens, in-building laundry, and private outdoor space.
Property Size4,652 SF
Days on Market7
Property Features for 12 Dalrymple St
General Information
Standard status
Active
Size
4,652 SF
Property subtype
Investment
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$17,766
Amenities
in-building laundry
rear decks
finished attic
semi-finished basement
paved yard
stone and stainless steel kitchens
Building Details
Building Size
4,652 SF
Year Built
1890
Stories
4
Units
3
Listing Agency:
(617) 763-0335
Listed By:
John McDonough
(617) 763-0335
Source:
Elliman
Added: Aug 15
Changed: Aug 19
Last Checked: Aug 21 at 7:21AM
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 John McDonough
Investment Insights
Based on property information with market context.
This 1890 triplex contains three oversized units, each currently leased through August 2027. The property includes forced-air heating, updated electrical service, stone and stainless steel kitchens, in-building laundry, and three large rear decks. Additional usable areas include a finished attic, semi-finished basement, and paved rear and side yard.
Located at 12 Dalrymple St in Boston’s Jamaica Plain neighborhood, the property is near Centre Street shops, cafes, and restaurants, as well as Jamaica Pond and the Emerald Necklace. Orange Line access supports travel to downtown, while nearby farmers markets, breweries, and dining contribute to the surrounding neighborhood amenities. WalkScore is 79, BikeScore is 60, and TransitScore is 73.
Located at 12 Dalrymple St in Boston’s Jamaica Plain neighborhood, the property is near Centre Street shops, cafes, and restaurants, as well as Jamaica Pond and the Emerald Necklace. Orange Line access supports travel to downtown, while nearby farmers markets, breweries, and dining contribute to the surrounding neighborhood amenities. WalkScore is 79, BikeScore is 60, and TransitScore is 73.
Key Highlights
- Three oversized units, all leased through August 2027
- 1890 construction with updated electrical and forced‑air heating systems
- Stone and stainless steel kitchens plus in‑building laundry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$117,553
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,351,060
$2.4M
Cap Rate 7%
$1,679,329
$1.7M
Cap Rate 9%
$1,306,144
$1.3M
Market Conditions
NOI Build-Up for 4,652 SF
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.
Gross rent
$175.8K $37.80/SF
− Vacancy
−$7.9K −$1.70/SF
EGI
$167.9K $36.10/SF
− OpEx
−$50.4K −$10.83/SF
NOI
$117.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,351,060
Cap Rate 7%
$1,679,329
Cap Rate 9%
$1,306,144
Alternative Uses
Best Use
Multifamily LT 5
$1.68M
$1.47M – $1.96M
NOI $117,553 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$1.56M
$1.37M – $1.82M
NOI $109,285 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$3.48M
$3.05M – $4.06M
NOI $243,839 @ 7.0% cap · market cap 13.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,808
Businesses Nearby
Explore this area
Business Placement
Demographics for 02130, MA
38,284
Population
18,802
Households
2
Avg Household Size
36
Median Age
73%
College-Educated
94%
High-School Grad
3.5 sq mi
ZIP Area
10,938
Density / Sq Mi
$130,533
Median Household Income
$73,238
Median Earnings
$2,434
Median Rent
$763,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three oversized residences feature updated kitchens, in-building laundry, and private outdoor space.
Where is this triplex located?
The property is located at 12 Dalrymple St Boston, MA.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Three oversized units, all leased through August 2027; 1890 construction with updated electrical and forced‑air heating systems; Stone and stainless steel kitchens plus in‑building laundry
