Three-Unit Multifamily
For Sale
$955,000
Pending
15 Duncan St, Boston, MA 02122
Three-level residential income property with two occupied floors and one vacant unit, offered in as-is condition.
Property Size2,823 SF
Days on Market2215
Property Features for 15 Duncan St
General Information
Standard status
Pending
Size
2,823 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,169
Listing Agency:
TT Group Boston
Listed By:
Thu Huynh-Vien
(617) 599-8905
Source:
Exprealty
Added: Sep 14, 2020
Changed: Oct 2
Last Checked: Oct 5 at 9:07PM
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 TT Group Boston
Investment Insights
Based on property information with market context.
This three-unit multifamily property at 15 Duncan St in Boston contains 2,823 square feet across a three-level configuration. The first and second floors are occupied, while the third-floor unit is vacant. The property is offered in as-is condition.
Fields Corner T-Station is within a few minutes’ walk, with a beach, park, and highway also described as nearby. Downtown Boston is approximately 5 miles away. The occupancy pattern provides an existing residential income component while leaving one unit available for future use, subject to the buyer’s plans and applicable requirements.
Fields Corner T-Station is within a few minutes’ walk, with a beach, park, and highway also described as nearby. Downtown Boston is approximately 5 miles away. The occupancy pattern provides an existing residential income component while leaving one unit available for future use, subject to the buyer’s plans and applicable requirements.
Key Highlights
- Three‑unit, three‑level multifamily property at 15 Duncan St, Boston, MA
- 2,823 square feet of residential property
- First- and second‑floor units are occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,335
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,426,700
$1.4M
Cap Rate 7%
$1,019,071
$1.0M
Cap Rate 9%
$792,611
$792.6K
Market Conditions
NOI Build-Up for 2,823 SF
Gross rent
$106.7K $37.80/SF
− Vacancy
−$4.8K −$1.70/SF
EGI
$101.9K $36.10/SF
− OpEx
−$30.6K −$10.83/SF
NOI
$71.3K $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%
$1,426,700
Cap Rate 7%
$1,019,071
Cap Rate 9%
$792,611
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$891.7K – $1.19M
NOI $71,335 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$947.4K
$829.0K – $1.11M
NOI $66,318 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$2.11M
$1.85M – $2.47M
NOI $147,970 @ 7.0% cap · market cap 15.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,738
Businesses Nearby
Explore this area
Business Placement
Demographics for 02122, MA
24,385
Population
10,039
Households
2.4
Avg Household Size
35
Median Age
38%
College-Educated
81%
High-School Grad
1.7 sq mi
ZIP Area
14,344
Density / Sq Mi
$82,945
Median Household Income
$53,897
Median Earnings
$2,052
Median Rent
$656,400
Median Home Value
Check the figures for this property
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 - Three-level residential income property with two occupied floors and one vacant unit, offered in as-is condition.
Where is this triplex located?
The property is located at 15 Duncan St Boston, MA.
What is the asking price?
The asking price for this property is $955,000.
What are key features of this property?
This property features: Three‑unit, three‑level multifamily property at 15 Duncan St, Boston, MA; 2,823 square feet of residential property; First- and second‑floor units are occupied
