Top-Floor Residential Income
For Sale
$450,000
13 Vinton St, Boston, MA 02127
One-bedroom condominium with private laundry, deeded storage, and roof rights.
Property Size611 SF
Price / SF$736.50
Days on Market90
Property Features for 13 Vinton St
General Information
Standard status
Active
Size
611 SF
Property subtype
Apartment
Financials
Gross Income
$31,800
Average Monthly Rent
$2,650
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Amenities
deeded roof rights
private basement laundry
deeded storage
Window Unit(s)
Wood
Baseboard
1.0 Story
$5,069 Taxes
Public
Built in 1890
Building Details
Year Built
1890
Tenancy
Single
Listing Agency:
Kingston Real Estate & Management
(617) 651-5251
Listed By:
Adam Mundt
Source:
Donahuere
Added: May 26
Changed: Aug 12
Last Checked: Aug 23 at 2:23AM
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 Kingston Real Estate & Management
Investment Insights
Based on property information with market context.
This top-floor condominium is configured as a one-bedroom, one-bath residence with 611 square feet of living area. The interior includes a generously sized bedroom with an oversized closet, an updated eat-in kitchen with granite countertops and stainless-steel appliances, and a bathroom featuring a skylight. Deeded roof rights add private outdoor-use potential, while deeded storage and private basement laundry provide practical utility. The property was built in 1890.
Located at 13 Vinton St in Boston’s South Boston neighborhood, the condominium is three blocks from Andrew T and near coffee shops and restaurants. Andrew Square T is also nearby, with access to I-93 and the Massachusetts Turnpike a short drive away. The residence is leased through 8/31/27.
Located at 13 Vinton St in Boston’s South Boston neighborhood, the condominium is three blocks from Andrew T and near coffee shops and restaurants. Andrew Square T is also nearby, with access to I-93 and the Massachusetts Turnpike a short drive away. The residence is leased through 8/31/27.
Key Highlights
- 611 SF top‑floor condominium with 1 bedroom and 1 bathroom
- Deeded roof rights, storage, and private basement laundry
- Updated eat‑in kitchen with granite and stainless‑steel appliances
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
$14,354
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
3.19%
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%
$287,080
$287.1K
Cap Rate 7%
$205,057
$205.1K
Cap Rate 9%
$159,489
$159.5K
Market Conditions
NOI Build-Up for 611 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
$27.1K $44.40/SF
− Vacancy
−$1.0K −$1.69/SF
EGI
$26.1K $42.71/SF
− OpEx
−$11.7K −$19.22/SF
NOI
$14.4K $23.49/SF
Area
Boston, MA
Vacancy
3.80%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
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%
$287,080
Cap Rate 7%
$205,057
Cap Rate 9%
$159,489
Alternative Uses
Best Use
Apartment 5plus
$205.1K
$179.4K – $239.2K
NOI $14,354 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$457.5K
$400.3K – $533.8K
NOI $32,026 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,603
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom condominium with private laundry, deeded storage, and roof rights.
Where is this residential income property located?
The property is located at 13 Vinton St Boston, MA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 611 SF top‑floor condominium with 1 bedroom and 1 bathroom; Deeded roof rights, storage, and private basement laundry; Updated eat‑in kitchen with granite and stainless‑steel appliances
