Building Details

Building Size 3,000 SF

Year Built 1900

Buildings 1

Stories 4

Listing Agency: Marcus & Millichap Real Estate Investment Services Show Phone

Listed By: Evan Griffith · License #(S):MA:9521845 Show Phone

Source: Churchillprop

Added: May 15 Changed: Oct 6 Last Checked: Oct 16 at 6:41AM

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Investment Insights

Based on property information with market context.

Located at 126 Leyden Street in Boston, this 3,000-square-foot multifamily building was constructed in 1900 and contains three residential units. The configuration includes one 1-bedroom/1-bath unit, one 2-bedroom/1-bath unit, and one 3-bedroom unit.

The property is positioned in the Orient Heights/Suffolk Downs submarket, with walking access to the Orient Heights and Suffolk Downs Blue Line MBTA Stations. Logan International Airport, Downtown Boston, Charlestown, Cambridge, Somerville, and the Seaport are identified as accessible destinations from the property.

Key Highlights

• Three‑unit multifamily building totaling 3,000 SF
• Unit mix: 1 1‑bedroom/1‑bath, 1 2‑bedroom/1‑bath, and 1 3‑bedroom unit
• Constructed in 1900

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$75,808

Cap Rate

8.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,516,160 $1.5M

Cap Rate 7%

$1,082,971 $1.1M

Cap Rate 9%

$842,311 $842.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,000 SF

Gross rent

$113.4K $37.80/SF

− Vacancy

−$5.1K −$1.70/SF

EGI

$108.3K $36.10/SF

− OpEx

−$32.5K −$10.83/SF

NOI

$75.8K $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 Rate 5%

$1,516,160

Cap Rate 7%

$1,082,971

Cap Rate 9%

$842,311

Alternative Uses

Best Use

Multifamily LT 5

$1.08M

$947.6K – $1.26M (±1% cap)

NOI $75,808 @ 7.0% cap · market cap 8.47%

Second Best

Apartment 5plus

$1.01M

$881.0K – $1.17M (±1% cap)

NOI $70,476 @ 7.0% cap · market cap 7.87%

Theoretical Best

Office A

$2.25M

$1.97M – $2.62M (±1% cap)

NOI $157,248 @ 7.0% cap · market cap 17.57%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Law Firm Dental Office Hair Salon Bakery HVAC Service Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

576

Businesses Nearby

Explore this area Business Placement

Demographics for 02128, MA

43,066

Population

19,124

Households

2.3

Avg Household Size

33

Median Age

38%

College-Educated

77%

High-School Grad

5.0 sq mi

ZIP Area

8,613

Density / Sq Mi

$92,079

Median Household Income

$48,549

Median Earnings

$2,009

Median Rent

$680,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Unit mix includes one 1-bedroom, 1-bath layout, plus 2- and 3-bedroom residences.

Where is this triplex located?

The property is located at 126 Leyden Street Boston, MA.

What is the asking price?

The asking price for this property is $895,000.

What are key features of this property?

This property features: Three‑unit multifamily building totaling 3,000 SF; Unit mix: 1 1‑bedroom/1‑bath, 1 2‑bedroom/1‑bath, and 1 3‑bedroom unit; Constructed in 1900