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    84 Bailey St Boston, MA 02124

    For Sale
    $1,425,000

    Rare three-family property near Ashmont T Station with strong income.

    Lot size:
    0.09 Acres

    Property Features for 84 Bailey St

    General Information

    Lot size
    0.09 Acres

    Building Details

    Year built
    1905

    Source: Capital Residential Group, LLC Agent Dat Nguyen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Dorchester Triple Decker Investment Property

    This three-family property is located in the Ashmont neighborhood of Dorchester, steps from the Ashmont T Station. Each unit features modern finishes and front and rear decks. The property includes a 3-car tandem driveway and a paved yard. The property is described as a high-yield, low-maintenance asset with easy access to shops, highways, and transit. Unit 1 rents for $3,300, Unit 2 rents for $3,200, and Unit 3 rents for $3,072, with a pending increase to $3,400. The projected income is $118,000 per year, with a 7% cap rate. The property is suitable for investors or owner-occupants seeking reliable cash flow.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boston
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -71.06522
    Latitude
    42.28501

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    FAQs

    What type of property is this?
    Apartment building - Rare three-family property near Ashmont T Station with strong income.
    Where is this apartment building located?
    The property is located at 84 Bailey St Boston, MA.
    What is the asking price?
    The asking price for this property is $1,425,000.
    What are key features of this property?
    This property features: - 7% cap rate: high-yield investment property.; - Prime Ashmont location: steps from Ashmont T station.; - Strong income: current and projected rental income totaling $118k/year.
    (617) 750-6177
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    84 Bailey St Boston, MA 02124
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