Triplex with Finished
For Sale
$1,249,900
29 Wildwood St, Boston, MA 02124
Three residential units feature updated interiors, laundry hookups, and flexible occupancy options at closing.
Property Size4,059 SF
Price / SF$307.93
Days on Market53
Property Features for 29 Wildwood St
General Information
Standard status
Active
Size
4,059 SF
Property subtype
Multi-Family
Zoning
R3
Net Operating Income
$36,000
Units
Unit Mix
3 x 3BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$11,304
Amenities
washer/dryer hookups
hot water baseboard heat
finished basement
backyard
deck
Building Details
Building Size
4,059 SF
Year Built
1910
Buildings
1
Stories
3
Listing Agency:
Amaral & Associates RE
(508) 998-6900
Listed By:
Brandan Burke · License #451503890
(508) 283-0356
Source:
Churchillprop
Added: Aug 15
Changed: Oct 6
Last Checked: Oct 5 at 4:47PM
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 Amaral & Associates RE
Investment Insights
Based on property information with market context.
This three-unit residential property, built in 1910, provides over 4,000 sq ft of living space with three bedrooms in each unit. Interior updates include washer and dryer hookups, while hot water baseboard heat serves all three apartments. A fully finished basement adds 1.5 bathrooms and additional usable area, complemented by a backyard and deck.
Lead Letters of Compliance are in place for all 3 units. Units 1 and 3 are scheduled to be vacant at closing, giving the next owner flexibility in how those apartments are occupied or utilized. The property is zoned R3 and combines a three-family layout with substantial lower-level space.
Lead Letters of Compliance are in place for all 3 units. Units 1 and 3 are scheduled to be vacant at closing, giving the next owner flexibility in how those apartments are occupied or utilized. The property is zoned R3 and combines a three-family layout with substantial lower-level space.
Key Highlights
- Over 4,000 sq ft of living space across 3 units
- 3 bedrooms in each unit
- Units 1 and 3 delivered vacant at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,568
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,051,360
$2.1M
Cap Rate 7%
$1,465,257
$1.5M
Cap Rate 9%
$1,139,644
$1.1M
Market Conditions
NOI Build-Up for 4,059 SF
Gross rent
$153.4K $37.80/SF
− Vacancy
−$6.9K −$1.70/SF
EGI
$146.5K $36.10/SF
− OpEx
−$44.0K −$10.83/SF
NOI
$102.6K $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%
$2,051,360
Cap Rate 7%
$1,465,257
Cap Rate 9%
$1,139,644
Alternative Uses
Best Use
Multifamily LT 5
$1.47M
$1.28M – $1.71M
NOI $102,568 @ 7.0% cap · market cap 8.21%
Second Best
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,354 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$3.04M
$2.66M – $3.55M
NOI $212,757 @ 7.0% cap · market cap 17.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
837
Businesses Nearby
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Business Placement
Demographics for 02124, MA
50,972
Population
21,264
Households
2.4
Avg Household Size
36
Median Age
31%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
16,991
Density / Sq Mi
$79,168
Median Household Income
$43,483
Median Earnings
$1,783
Median Rent
$607,200
Median Home Value
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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 residential units feature updated interiors, laundry hookups, and flexible occupancy options at closing.
Where is this triplex located?
The property is located at 29 Wildwood St Boston, MA.
What is the asking price?
The asking price for this property is $1,249,900.
What are key features of this property?
This property features: Over 4,000 sq ft of living space across 3 units; 3 bedrooms in each unit; Units 1 and 3 delivered vacant at closing
