Renovated 4-Unit
New
For Sale
$2,849,000
14 Temple Street, Boston, MA 02114
A full renovation and fire sprinkler system are among the building’s existing improvements.
Property Size3,656 SF
Price / SF$779.27
Days on Market4
Property Features for 14 Temple Street
General Information
Standard status
Active
Size
3,656 SF
Property subtype
Multi-family
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Sprinkler System
Yes
Multifamily Units
4
Building Details
Year Built
1899
Buildings
1
Listing Agency:
Boston Realty Advisors
Listed By:
Kevin Benzinger · License #9526383
(617) 375-7900
Source:
Jbarrettrealty
Added: Oct 3
Changed: Oct 6
Last Checked: Oct 5 at 8:04PM
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 residential building contains 3,656 square feet and dates to 1899. A complete renovation and fire sprinkler system are among its existing improvements. The property is zoned L-2-65.
The building is directly across from Massachusetts General Hospital. Charles/MGH on the Red Line and Government Center on the Green Line are within walking distance. Nearby destinations also include the State House, Government Center, the Financial District, and the shops and restaurants of Charles Street, the West End, and the North End.
The building is directly across from Massachusetts General Hospital. Charles/MGH on the Red Line and Government Center on the Green Line are within walking distance. Nearby destinations also include the State House, Government Center, the Financial District, and the shops and restaurants of Charles Street, the West End, and the North End.
Key Highlights
- Four‑unit residential building with 3,656 square feet
- Completely renovated and equipped with a fire sprinkler system
- Built in 1899; zoned L‑2‑65
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,646
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,012,920
$2.0M
Cap Rate 7%
$1,437,800
$1.4M
Cap Rate 9%
$1,118,289
$1.1M
Market Conditions
NOI Build-Up for 3,656 SF
Gross rent
$149.2K $40.80/SF
− Vacancy
−$5.4K −$1.47/SF
EGI
$143.8K $39.33/SF
− OpEx
−$43.1K −$11.80/SF
NOI
$100.6K $27.53/SF
Area
ZIP 02114
Vacancy
3.61%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,012,920
Cap Rate 7%
$1,437,800
Cap Rate 9%
$1,118,289
Alternative Uses
Best Use
Multifamily LT 5
$1.44M
$1.26M – $1.68M
NOI $100,646 @ 7.0% cap · market cap 3.53%
Second Best
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $92,851 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$1.90M
$1.66M – $2.22M
NOI $133,143 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
24,234
Businesses Nearby
Explore this area
Business Placement
Demographics for 02114, MA
14,469
Population
9,525
Households
1.5
Avg Household Size
33
Median Age
84%
College-Educated
97%
High-School Grad
0.4 sq mi
ZIP Area
36,173
Density / Sq Mi
$135,057
Median Household Income
$94,465
Median Earnings
$2,933
Median Rent
$927,900
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 - A full renovation and fire sprinkler system are among the building’s existing improvements.
Where is this quadplex located?
The property is located at 14 Temple Street Boston, MA.
What is the asking price?
The asking price for this property is $2,849,000.
What are key features of this property?
This property features: Four‑unit residential building with 3,656 square feet; Completely renovated and equipped with a fire sprinkler system; Built in 1899; zoned L‑2‑65
