Triplex with Private
New
For Sale
$1,499,000
12 Schiller St, Boston, MA 02130
Residential Income, Boston, MA
Property Size3,381 SF
Lot Size0.09 Acres
Price / SF$443.36
Days on Market7
Property Features for 12 Schiller St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 7, Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 8, Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 3
Parking
6
Directions
off Heath
Standard status
Active
APN
W:10 P:01844 S:000,1351661
Size
3,381 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
19852
Amenities
hardwood floors
central air
private rear decks
off street parking
Building Details
Year built
1905
Floors in Building
3
Number of units
3
Listing Agency:
Keller Williams South Watuppa · Keller Williams Realty
(508) 677-3233
Listed By:
Clifford Ponte · License #9554597
(508) 675-0995
Added: Sep 21
Changed: Sep 25
Last Checked: Sep 27 at 12:06PM
MLS# 73580241
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 12 Schiller St in Boston, this 3,381-square-foot triplex was built in 1905 and is zoned R3. The property includes hardwood floors, central air, private rear decks, and off-street parking. Separate utilities are in place, with tenants responsible for their own heat and electric service.
The property is positioned across from a school and near public transportation, including the Green and Orange Lines. Major hospitals, universities, and local amenities are also identified in the surrounding area. The layout includes eight bedrooms and three bathrooms, providing a substantial residential configuration within a 0.0901-acre lot.
The property is positioned across from a school and near public transportation, including the Green and Orange Lines. Major hospitals, universities, and local amenities are also identified in the surrounding area. The layout includes eight bedrooms and three bathrooms, providing a substantial residential configuration within a 0.0901-acre lot.
Key Highlights
- 3,381‑square‑foot triplex on a 0.0901‑acre lot
- Eight bedrooms and three bathrooms
- Private rear decks and hardwood floors
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
$85,436
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
5.70%
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%
$1,708,720
$1.7M
Cap Rate 7%
$1,220,514
$1.2M
Cap Rate 9%
$949,289
$949.3K
Market Conditions
NOI Build-Up for 3,381 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
$127.8K $37.80/SF
− Vacancy
−$5.8K −$1.70/SF
EGI
$122.1K $36.10/SF
− OpEx
−$36.6K −$10.83/SF
NOI
$85.4K $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%
$1,708,720
Cap Rate 7%
$1,220,514
Cap Rate 9%
$949,289
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,436 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$1.13M
$992.8K – $1.32M
NOI $79,427 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$2.53M
$2.22M – $2.95M
NOI $177,218 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,469
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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-unit residential income property with central air, separate utilities, and off-street parking.
Where is this triplex located?
The property is located at 12 Schiller St Boston, MA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 3,381‑square‑foot triplex on a 0.0901‑acre lot; Eight bedrooms and three bathrooms; Private rear decks and hardwood floors
