Three-Story Multifamily
For Sale
$1,733,333
134 Ballou Ave, Boston, MA 02124
Vacant delivery gives the next owner control over future occupancy and property strategy.
Property Size5,400 SF
Lot Size0.13 Acres
Price / SF$320.99
Days on Market21
Property Features for 134 Ballou Ave
General Information
Standard status
Active
Size
5,400 SF
Lot size
0.13 Acres
Property subtype
Multifamily
Taxes and HOA fees
Annual Taxes
$7,918
Building Details
Building Size
5,400 SF
Year Built
1976
Stories
3
Listing Agency:
Greenville Real Estate Group, Inc.
Listed By:
Oleg Elisev
(617) 983-8300
Source:
Classifiedrealtygroup
Added: Sep 15
Changed: Sep 20
Last Checked: Oct 4 at 7:01AM
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 Greenville Real Estate Group, Inc.
Investment Insights
Based on property information with market context.
Built in 1976, this multifamily property contains approximately 5,400 square feet of living area arranged across three stories. The building includes 11 bedrooms and 6 full bathrooms on a 5,768-square-foot lot, providing a substantial residential configuration for a new ownership plan.
The property will be delivered vacant, allowing the next owner to take control of occupancy at closing without existing tenancies in place. An adjoining multifamily property at 130 Ballou Avenue may also be acquired, offering the option to combine two neighboring assets in Boston.
The property will be delivered vacant, allowing the next owner to take control of occupancy at closing without existing tenancies in place. An adjoining multifamily property at 130 Ballou Avenue may also be acquired, offering the option to combine two neighboring assets in Boston.
Key Highlights
- Approximately 5,400 square feet of living area
- Three‑story multifamily building constructed in 1976
- 11 bedrooms and 6 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,857
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,537,140
$2.5M
Cap Rate 7%
$1,812,243
$1.8M
Cap Rate 9%
$1,409,522
$1.4M
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$239.8K $44.40/SF
− Vacancy
−$9.1K −$1.69/SF
EGI
$230.6K $42.71/SF
− OpEx
−$103.8K −$19.22/SF
NOI
$126.9K $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 Rate 5%
$2,537,140
Cap Rate 7%
$1,812,243
Cap Rate 9%
$1,409,522
Alternative Uses
Best Use
Apartment 5plus
$1.81M
$1.59M – $2.11M
NOI $126,857 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.04M
$3.54M – $4.72M
NOI $283,046 @ 7.0% cap · market cap 16.33%
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
930
Businesses Nearby
Explore this area
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
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?
Multifamily property - Vacant delivery gives the next owner control over future occupancy and property strategy.
Where is this multifamily property located?
The property is located at 134 Ballou Ave Boston, MA.
What is the asking price?
The asking price for this property is $1,733,333.
What are key features of this property?
This property features: Approximately 5,400 square feet of living area; Three‑story multifamily building constructed in 1976; 11 bedrooms and 6 full bathrooms
