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Building Details

Year built 1899

Floors in Building 4

Number of units 4

Listing Agency: Keller Williams Realty Evolution Show Phone

Listed By: Keller Williams Realty Evolution Show Phone

Added: Oct 13 Changed: Oct 14 Last Checked: Oct 15 at 4:06PM

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MLS# 73589991

Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This R4-zoned quadplex contains four apartments across 3,084 square feet. The unit mix comprises two 2-bedroom, 1-bathroom homes and two 1-bedroom, 1-bathroom homes. Renovations include kitchen and bathroom updates, plumbing and electrical work, new interior finishes, and replacement windows. Kitchens feature quartz countertops and stainless steel appliances; hardwood floors and recessed lighting are also present. Each apartment has in-unit laundry, and utilities are split. The property was built in 1899 and includes a rear deck and fenced grass yard.

The building is near the JFK/UMass Red Line T stop, Star Market, UMass Boston, and I-93 access. South Boston is also nearby.

Key Highlights

• Four apartments: two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units
• 3,084 square feet on a 0.0785‑acre lot; built in 1899
• R4 zoning and split utilities

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$77,931

Cap Rate

4.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,558,620 $1.6M

Cap Rate 7%

$1,113,300 $1.1M

Cap Rate 9%

$865,900 $865.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,084 SF

Gross rent

$116.6K $37.80/SF

− Vacancy

−$5.2K −$1.70/SF

EGI

$111.3K $36.10/SF

− OpEx

−$33.4K −$10.83/SF

NOI

$77.9K $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%

$1,558,620

Cap Rate 7%

$1,113,300

Cap Rate 9%

$865,900

Alternative Uses

Best Use

Multifamily LT 5

$1.11M

$974.1K – $1.30M (±1% cap)

NOI $77,931 @ 7.0% cap · market cap 4.64%

Second Best

Apartment 5plus

$1.03M

$905.6K – $1.21M (±1% cap)

NOI $72,449 @ 7.0% cap · market cap 4.31%

Theoretical Best

Office A

$2.31M

$2.02M – $2.69M (±1% cap)

NOI $161,651 @ 7.0% cap · market cap 9.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Skin Care Clinic Acupuncture Spa & Massage Center (Bike/Boat/Book/etc) Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,418

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Updated kitchens and baths pair with in-unit laundry and a fenced yard.

Where is this quadplex located?

The property is located at 14-16 Carson St Boston, MA.

What is the asking price?

The asking price for this property is $1,680,000.

What are key features of this property?

This property features: Four apartments: two 2‑bedroom/1‑bath units and two 1‑bedroom/1‑bath units; 3,084 square feet on a 0.0785‑acre lot; built in 1899; R4 zoning and split utilities