Four-Unit Multifamily
For Sale
$1,075,000
25 Business St, Boston, MA 02136
Four two-bedroom apartments combine subsidized and market-rate leasing arrangements in Boston’s Hyde Park neighborhood.
Property Size3,544 SF
Price / SF$303.33
Days on Market51
Property Features for 25 Business St
General Information
Standard status
Active
Size
3,544 SF
Property subtype
Multi-Family
Building Details
Year Built
1899
Listing Agency:
Boston Realty Advisors
Listed By:
Daniel Alper · License #CN254381
(617) 768-7333
Source:
Billskerry
Added: Aug 17
Changed: Oct 4
Last Checked: Oct 5 at 8:27PM
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.
This four-unit multifamily property at 25 Business St. includes four two-bedroom apartments in a building constructed in 1899. The current leasing mix includes three units occupied by Section 8 tenants and one rented at market rate, providing a combination of HUD-backed tenancy and conventional leasing.
The property is located in Boston’s Hyde Park neighborhood near Cleary Square. Nearby educational institutions include Curry College, MCPHS University, and MassArt, while Mattapan Station provides access to regional transit. Stony Brook Reservation and Blue Hills Reservation are also in the surrounding area.
The property is located in Boston’s Hyde Park neighborhood near Cleary Square. Nearby educational institutions include Curry College, MCPHS University, and MassArt, while Mattapan Station provides access to regional transit. Stony Brook Reservation and Blue Hills Reservation are also in the surrounding area.
Key Highlights
- Four two‑bedroom units in a single multifamily property
- Three units leased to Section 8 tenants
- One unit leased at market rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,554
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,791,080
$1.8M
Cap Rate 7%
$1,279,343
$1.3M
Cap Rate 9%
$995,044
$995.0K
Market Conditions
NOI Build-Up for 3,544 SF
Gross rent
$134.0K $37.80/SF
− Vacancy
−$6.0K −$1.70/SF
EGI
$127.9K $36.10/SF
− OpEx
−$38.4K −$10.83/SF
NOI
$89.6K $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%
$1,791,080
Cap Rate 7%
$1,279,343
Cap Rate 9%
$995,044
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.49M
NOI $89,554 @ 7.0% cap · market cap 8.33%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,256 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$2.65M
$2.32M – $3.10M
NOI $185,762 @ 7.0% cap · market cap 17.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,022
Businesses Nearby
Explore this area
Business Placement
Demographics for 02136, MA
35,102
Population
14,031
Households
2.5
Avg Household Size
39
Median Age
32%
College-Educated
88%
High-School Grad
4.6 sq mi
ZIP Area
7,631
Density / Sq Mi
$96,862
Median Household Income
$50,793
Median Earnings
$1,772
Median Rent
$566,300
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?
Quadplex - Four two-bedroom apartments combine subsidized and market-rate leasing arrangements in Boston’s Hyde Park neighborhood.
Where is this quadplex located?
The property is located at 25 Business St Boston, MA.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Four two‑bedroom units in a single multifamily property; Three units leased to Section 8 tenants; One unit leased at market rate
