Well-Maintained Multi-Family
12 Schiller Street Boston, MA 02130
12 Schiller Street, Boston, MA, 02130
$1,599,000
For Sale
$1,599,000
Multi-family building with hardwood floors, central air, private rear decks, and off-street parking; tenants pay heat and electricity.
Property Size3,381 SF
Price / SF$472.94
Days on Market61
Property Features for 12 Schiller Street
General Information
- Standard status
- Active
- Size
- 3,381 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1905
Listing agency
Keller Williams South Watuppa
Listed by
The J. Pavao Team
(617) 696-6100
Source
Kelleyrege
Added: May 23 Updated: Jul 21 at 7:38AM Checked: Jul 22 at 7:51AM
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 Keller Williams South Watuppa
Investment Insights
Based on property information with market context.
This well-maintained multi-family property offers a practical unit layout with hardwood floors, central air, and private rear decks for outdoor space. The building also includes off-street parking. Tenants are responsible for their own heat and electric through separate utilities.
The property is positioned in a Jamaica Plain area setting with strong access to public transportation and nearby institutions and amenities. It is located near both the Green and Orange Lines and across from a school.
Each unit provides in-unit comfort with central air, and private rear decks add usable outdoor space while off-street parking supports everyday tenant convenience.
The property is positioned in a Jamaica Plain area setting with strong access to public transportation and nearby institutions and amenities. It is located near both the Green and Orange Lines and across from a school.
Each unit provides in-unit comfort with central air, and private rear decks add usable outdoor space while off-street parking supports everyday tenant convenience.
Key Highlights
- Multi‑family building built in 1905 with hardwood floors
- Each unit includes central air and private rear decks
- Off‑street parking on‑site
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $150.1k | $44.40 |
| − Vacancy | −$5.7k | −$1.69 |
| EGI | $144.4k | $42.71 |
| − OpEx | −$65.0k | −$19.22 |
| NOI | $79.4k | $23.49 |
3,381 SF · lease $44.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.13M
$992.8K – $1.32M
NOI $79,427 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.53M
$2.22M – $2.95M
NOI $177,218 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Multi-family building with hardwood floors, central air, private rear decks, and off-street parking; tenants pay heat and electricity.
Where is this multifamily property located?
The property is located at 12 Schiller Street Boston, MA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Multi‑family building built in 1905 with hardwood floors; Each unit includes central air and private rear decks; Off‑street parking on‑site
