Brighton Triplex Investment
For Sale
$2,375,000
14 Atkins St, Boston, MA 02135
Renovated three-family property in Brighton's Oak Square neighborhood.
Property Size3,852 SF
Days on Market121
Property Features for 14 Atkins St
General Information
Standard status
Active
Size
3,852 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$20,069
Building Details
Building Size
3,852 SF
Year Built
1901
Stories
3
Units
3
Listing Agency:
Rise Signature Homes
(347) 984-0773
Listed By:
Calvin Morris · License #9567811
(347) 984-0773
Source:
Elliman
Added: Apr 24
Changed: Aug 19
Last Checked: Aug 21 at 1:08PM
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 Rise Signature Homes
Investment Insights
Based on property information with market context.
Located in the Oak Square area of Brighton, this renovated three-family property presents an investment opportunity. Each unit features an open layout with four bedrooms and two bathrooms, along with a back porch. The units are equipped with central air conditioning, hardwood floors, recessed lighting, in-unit laundry, stainless-steel appliances, modern finishes, white shaker cabinets, and quartz countertops. The property includes new windows and blinds throughout. The second floor unit has a front porch. A three-car garage and six-car surface parking are located at the back of the property. The building has a sprinkler and fire alarm system. The property is near local shops, a YMCA, restaurants, and grocery stores, with convenient access to public transportation and the highway. Current tenants are in place until the end of August 2026.
Key Highlights
- Newly renovated 3‑family property in Brighton's desirable Oak Square neighborhood.
- Each unit features 4 beds, 2 baths, open layout, in‑unit laundry, central A/C, and stainless‑steel appliances.
- Includes a 3‑car garage plus 6‑car surface parking.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$97,337
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,946,740
$1.9M
Cap Rate 7%
$1,390,529
$1.4M
Cap Rate 9%
$1,081,522
$1.1M
Market Conditions
NOI Build-Up for 3,852 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$145.6K $37.80/SF
− Vacancy
−$6.6K −$1.70/SF
EGI
$139.1K $36.10/SF
− OpEx
−$41.7K −$10.83/SF
NOI
$97.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,946,740
Cap Rate 7%
$1,390,529
Cap Rate 9%
$1,081,522
Alternative Uses
Best Use
Multifamily LT 5
$1.39M
$1.22M – $1.62M
NOI $97,337 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,491 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$2.88M
$2.52M – $3.37M
NOI $201,906 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
Explore this area
Business Placement
Demographics for 02135, MA
47,232
Population
22,519
Households
2.1
Avg Household Size
29
Median Age
71%
College-Educated
93%
High-School Grad
2.6 sq mi
ZIP Area
18,166
Density / Sq Mi
$88,208
Median Household Income
$57,124
Median Earnings
$2,179
Median Rent
$684,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Renovated three-family property in Brighton's Oak Square neighborhood.
Where is this triplex located?
The property is located at 14 Atkins St Boston, MA.
What is the asking price?
The asking price for this property is $2,375,000.
What are key features of this property?
This property features: Newly renovated 3‑family property in Brighton's desirable Oak Square neighborhood.; Each unit features 4 beds, 2 baths, open layout, in‑unit laundry, central A/C, and stainless‑steel appliances.; Includes a **3‑car garage plus 6‑car surface parking**.
