Three-Unit Multifamily with 4-Bed
191 Everett Street Boston, MA 02128
191 Everett Street, Boston, MA, 02128
$1,449,000
For Sale
$1,449,000
Turnkey three-unit multifamily with three 4-bedroom units; Unit 2 delivered vacant.
Property Size2,799 SF
Price / SF$517.68
Days on Market492
Property Features for 191 Everett Street
General Information
- Standard status
- Active
- Size
- 2,799 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Boston Realty Advisors
Listed by
Daniel Alper
(617) 262-6200
Source
Cabotandcompany
Added: Mar 19, 2025 Updated: Jul 22 at 3:26PM Checked: Jul 22 at 3:26PM
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 Boston Realty Advisors
Investment Insights
Based on property information with market context.
Offered for sale, this well-maintained multifamily property includes three (3) separate 4-bedroom units. Unit 2 will be delivered vacant, providing flexibility for an investor looking for immediate occupancy planning or for an owner-occupant seeking to live in one unit while receiving rental income from the others.
The property is located at 191 Everett Street in Boston’s East Boston area, in the Jeffries Point neighborhood. It is described as being just steps from the waterfront and a short distance to the Blue Line, supporting convenient commuting and access to regional transit.
This is a straightforward triplex-style configuration designed to serve households needing four bedrooms per unit, with the added scheduling advantage of a vacant unit at delivery.
The property is located at 191 Everett Street in Boston’s East Boston area, in the Jeffries Point neighborhood. It is described as being just steps from the waterfront and a short distance to the Blue Line, supporting convenient commuting and access to regional transit.
This is a straightforward triplex-style configuration designed to serve households needing four bedrooms per unit, with the added scheduling advantage of a vacant unit at delivery.
Key Highlights
- Turnkey three‑unit multifamily with three 4‑bedroom units
- Unit 2 will be delivered vacant
- Year built: 1900
Local Financial Insights For Multifamily LT 5
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 | $105.8k | $37.80 |
| − Vacancy | −$4.8k | −$1.70 |
| EGI | $101.0k | $36.10 |
| − OpEx | −$30.3k | −$10.83 |
| NOI | $70.7k | $25.27 |
2,799 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$884.1K – $1.18M
NOI $70,729 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$939.3K
$821.9K – $1.10M
NOI $65,754 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$2.10M
$1.83M – $2.45M
NOI $146,712 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Turnkey three-unit multifamily with three 4-bedroom units; Unit 2 delivered vacant.
Where is this triplex located?
The property is located at 191 Everett Street Boston, MA.
What is the asking price?
The asking price for this property is $1,449,000.
What are key features of this property?
This property features: Turnkey three‑unit multifamily with three 4‑bedroom units; Unit 2 will be delivered vacant; Year built: 1900
