Renovated Three-Unit Multifamily
New
For Sale
$2,150,000
130 Boston Street, Boston, MA 02125
Renovated triplex with spacious residences, private decks, and separately metered utilities in Dorchester’s Polish Triangle.
Property Size3,759 SF
Price / SF$571.96
Days on Market3
Property Features for 130 Boston Street
General Information
Standard status
Active
Size
3,759 SF
Property subtype
Multi-family
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 4BR/2BA
Multifamily Units
3
Additional Details
Gross Income
$162,000
Amenities
private deck
Building Details
Year Built
1905
Listing Agency:
Compass
Listed By:
Mission Realty Advisors
(617) 236-0711
Source:
Campionre
Added: Sep 8
Changed: Sep 9
Last Checked: Sep 10 at 6:43AM
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 Compass
Investment Insights
Based on property information with market context.
This renovated triplex contains three residences, each offering four bedrooms and two bathrooms, for a combined total of 12 bedrooms and 6 bathrooms. The units feature functional layouts, updated finishes, private decks, and separate utilities. The property was built in 1905 and has a total property size of 3,759 square feet. All three residences are leased through August 31st, 2027.
Located at 130 Boston Street in Dorchester’s Polish Triangle, the property is near South Bay’s mixed-use retail, dining, entertainment, and residential development. Andrew Square, Savin Hill, and JFK/UMass Red Line stations provide access to Downtown Boston, Cambridge, the Seaport, and surrounding employment centers. South Bay, Dorchester Brewing Company, neighborhood restaurants, shopping, and Route 93 are also nearby.
Located at 130 Boston Street in Dorchester’s Polish Triangle, the property is near South Bay’s mixed-use retail, dining, entertainment, and residential development. Andrew Square, Savin Hill, and JFK/UMass Red Line stations provide access to Downtown Boston, Cambridge, the Seaport, and surrounding employment centers. South Bay, Dorchester Brewing Company, neighborhood restaurants, shopping, and Route 93 are also nearby.
Key Highlights
- Three‑unit multifamily property with 12 bedrooms and 6 bathrooms
- Three oversized 4‑bedroom, 2‑bath residences
- Fully renovated with modern finishes and functional layouts
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
$94,987
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
4.42%
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%
$1,899,740
$1.9M
Cap Rate 7%
$1,356,957
$1.4M
Cap Rate 9%
$1,055,411
$1.1M
Market Conditions
NOI Build-Up for 3,759 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
$142.1K $37.80/SF
− Vacancy
−$6.4K −$1.70/SF
EGI
$135.7K $36.10/SF
− OpEx
−$40.7K −$10.83/SF
NOI
$95.0K $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%
$1,899,740
Cap Rate 7%
$1,356,957
Cap Rate 9%
$1,055,411
Alternative Uses
Best Use
Multifamily LT 5
$1.36M
$1.19M – $1.58M
NOI $94,987 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $88,307 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$2.81M
$2.46M – $3.28M
NOI $197,032 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,586
Businesses Nearby
Explore this area
Business Placement
Demographics for 02125, MA
34,926
Population
14,999
Households
2.3
Avg Household Size
32
Median Age
42%
College-Educated
87%
High-School Grad
2.2 sq mi
ZIP Area
15,875
Density / Sq Mi
$71,810
Median Household Income
$52,106
Median Earnings
$1,897
Median Rent
$645,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Renovated triplex with spacious residences, private decks, and separately metered utilities in Dorchester’s Polish Triangle.
Where is this triplex located?
The property is located at 130 Boston Street Boston, MA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Three‑unit multifamily property with 12 bedrooms and 6 bathrooms; Three oversized 4‑bedroom, 2‑bath residences; Fully renovated with modern finishes and functional layouts
