Six-Unit Multifamily with
140-142 Blue Hill Avenue Boston, MA 02119
140-142 Blue Hill Avenue, Boston, MA, 02119
$2,100,000
For Sale
$2,100,000
Well-maintained six-family building with occupied units, updated mechanicals, hardwood floors, and gas stoves, plus off-street parking and yard.
Property Size7,006 SF
Price / SF$299.74
Days on Market45
Property Features for 140-142 Blue Hill Avenue
General Information
- Standard status
- Active
- Size
- 7,006 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1905
Listing agency
Crimson Real Estate Agency,LLC
Listed by
Nancy Antonopoulos
(781) 797-4028
Source
Thepropernest
Added: Jun 8 Updated: Jul 20 at 6:23PM Checked: Jul 22 at 6:52AM
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 Crimson Real Estate Agency,LLC
Investment Insights
Based on property information with market context.
This well-maintained six-family multifamily property features 12+ bedrooms across the currently occupied units. The building includes updates such as newer furnaces and hot water tanks, and many units offer hardwood floors, gas stoves, and functional layouts.
Outside, residents have access to ample off-street parking and a spacious grassy backyard.
Located on Blue Hill Avenue with easy access to shopping, restaurants, public transportation, and the Blue Hill business district, the property presents an income-producing configuration with all units currently occupied.
Outside, residents have access to ample off-street parking and a spacious grassy backyard.
Located on Blue Hill Avenue with easy access to shopping, restaurants, public transportation, and the Blue Hill business district, the property presents an income-producing configuration with all units currently occupied.
Key Highlights
- Six‑family property built in 1905 with all units currently occupied
- 12+ bedrooms across the building with functional tenant living spaces
- Updates include newer furnaces and newer hot water tanks
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $311.1k | $44.40 |
| − Vacancy | −$11.8k | −$1.69 |
| EGI | $299.2k | $42.71 |
| − OpEx | −$134.7k | −$19.22 |
| NOI | $164.6k | $23.49 |
7,006 SF · lease $44.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.35M
$2.06M – $2.74M
NOI $164,585 @ 7.0% cap · market cap 7.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.25M
$4.59M – $6.12M
NOI $367,226 @ 7.0% cap · market cap 17.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained six-family building with occupied units, updated mechanicals, hardwood floors, and gas stoves, plus off-street parking and yard.
Where is this apartment building located?
The property is located at 140-142 Blue Hill Avenue Boston, MA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Six‑family property built in 1905 with all units currently occupied; 12+ bedrooms across the building with functional tenant living spaces; Updates include newer furnaces and newer hot water tanks
