Dorchester Triple Decker Investment
20 Corona St Boston, MA 02124
20 Corona St, Boston, MA, 02124
$1,350,000
Pending
For Sale
$1,350,000
Pending
Renovated triple decker near Fields Corner T Stop.
Property Size4,200 SF
Days on Market100
Property Features for 20 Corona St
General Information
- Standard status
- Pending
- Size
- 4,200 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1905
Listing agency
Keller Williams Realty Evolution
(617) 678-9905
Listed by
Lior Rozhansky
(617) 678-9905
Source
Elliman
Added: Apr 15 Updated: Jul 10 at 12:35PM Checked: Jul 22 at 1:18PM
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 Realty Evolution
Investment Insights
Based on property information with market context.
This is a triple decker building in Dorchester, located close to the Fields Corner T Stop. The building, with over 4200 square feet, contains three units, each featuring 4 bedrooms and 1 bath. Renovations were completed in 2019, including new kitchens and baths, new electric and plumbing systems, and new windows and roof. The units have large rooms and hardwood floors. Common laundry facilities are located in the basement. The property includes a driveway for off-street parking and good-sized decks off the rear of each unit. The property is located on a quiet street with access to the T stop and highway. This property is an investment opportunity for collecting rents.
Key Highlights
- Completely renovated in 2019: new kitchens, baths, electric, plumbing, windows, and roof.
- Massive triple‑decker building with over 4200 sq ft.
- Three units, each with 4 bedrooms and 1 bath.
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 | $186.5k | $44.40 |
| − Vacancy | −$7.1k | −$1.69 |
| EGI | $179.4k | $42.71 |
| − OpEx | −$80.7k | −$19.22 |
| NOI | $98.7k | $23.49 |
4,200 SF · lease $44.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.41M
$1.23M – $1.64M
NOI $98,667 @ 7.0% cap · market cap 7.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.14M
$2.75M – $3.67M
NOI $220,147 @ 7.0% cap · market cap 16.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Renovated triple decker near Fields Corner T Stop.
Where is this apartment building located?
The property is located at 20 Corona St Boston, MA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Completely renovated in 2019: new kitchens, baths, electric, plumbing, windows, and roof.; Massive triple‑decker building with over 4200 sq ft.; Three units, each with 4 bedrooms and 1 bath.
