Tudor-Style
For Sale
$1,499,000
124 F St, Boston, MA 02127
Corner-lot multifamily property with three oversized one-bedroom residences and distinctive architectural character.
Property Size2,698 SF
Price / SF$555.60
Days on Market130
Property Features for 124 F St
General Information
Standard status
Active
Size
2,698 SF
Property subtype
Residential Income
Units
Unit Mix
3 x 1BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$17,588
Building Details
Buildings
1
Construction
Tudor-style
Listing Agency:
Gibson Sotheby's International Realty
(617) 513-0343
Listed By:
Dom Lange
(617) 513-0343
Source:
Exprealty
Added: Apr 14
Changed: Aug 20
Last Checked: Aug 20 at 1:05PM
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 Gibson Sotheby's International Realty
Investment Insights
Based on property information with market context.
This semi-detached Tudor-style triplex contains 2,698 square feet across three residential levels. Each floor offers an oversized one-bedroom apartment with high ceilings, an open kitchen layout, and generous living and dining areas. The building requires renovation while retaining its existing three-unit configuration.
Set on a corner lot at 124 F St in Boston, the property is located half a block from W. Broadway. The surrounding commercial stretch includes restaurants, coffee shops, boutique fitness studios, and cafés. The rear lot may offer the possibility of adding an off-street parking space, subject to buyer due diligence and approvals.
Set on a corner lot at 124 F St in Boston, the property is located half a block from W. Broadway. The surrounding commercial stretch includes restaurants, coffee shops, boutique fitness studios, and cafés. The rear lot may offer the possibility of adding an off-street parking space, subject to buyer due diligence and approvals.
Key Highlights
- Three oversized one‑bedroom residences
- 2,698 square feet in a three‑level triplex
- Tudor‑style semi‑detached building with high ceilings
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
$68,177
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
4.55%
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%
$1,363,540
$1.4M
Cap Rate 7%
$973,957
$974.0K
Cap Rate 9%
$757,522
$757.5K
Market Conditions
NOI Build-Up for 2,698 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
$102.0K $37.80/SF
− Vacancy
−$4.6K −$1.70/SF
EGI
$97.4K $36.10/SF
− OpEx
−$29.2K −$10.83/SF
NOI
$68.2K $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%
$1,363,540
Cap Rate 7%
$973,957
Cap Rate 9%
$757,522
Alternative Uses
Best Use
Multifamily LT 5
$974.0K
$852.2K – $1.14M
NOI $68,177 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$905.5K
$792.3K – $1.06M
NOI $63,382 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,418 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,156
Businesses Nearby
Explore this area
Business Placement
Demographics for 02127, MA
37,939
Population
19,495
Households
1.9
Avg Household Size
31
Median Age
69%
College-Educated
95%
High-School Grad
2.1 sq mi
ZIP Area
18,066
Density / Sq Mi
$156,373
Median Household Income
$85,444
Median Earnings
$2,435
Median Rent
$858,600
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 - Corner-lot multifamily property with three oversized one-bedroom residences and distinctive architectural character.
Where is this triplex located?
The property is located at 124 F 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: Three oversized one‑bedroom residences; 2,698 square feet in a three‑level triplex; Tudor‑style semi‑detached building with high ceilings
