Well-Maintained Six-Family
For Sale
$1,900,000
140-142 Blue Hill Ave, Boston, MA 02119
Six fully occupied units offer updated systems and off-street parking with a spacious backyard.
Property Size7,006 SF
Price / SF$271.20
Days on Market94
Property Features for 140-142 Blue Hill Ave
General Information
Standard status
Active
Size
7,006 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
6
Amenities
off-street parking
grassy backyard
Building Details
Year Built
1905
Tenancy
Multi
Listing Agency:
Crimson Real Estate Agency, LLC
Listed By:
Nancy Antonopoulos · License #9513639
(978) 835-3040
Source:
Gooddeedsrealtypartners
Added: Jul 20
Changed: Oct 15
Last Checked: Oct 7 at 4:35PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-maintained six-family residential income property is offered for sale with all units currently occupied. The building features 12+ bedrooms across the six units and includes updates throughout, such as newer furnaces and hot water tanks.
Unit interiors are described as having hardwood floors, gas stoves, and functional layouts. Outside, the property offers ample off-street parking and a spacious grassy backyard.
The property is located on Blue Hill Avenue in a Boston setting with convenient access to shopping, restaurants, public transportation, and the Blue Hill business district.
Unit interiors are described as having hardwood floors, gas stoves, and functional layouts. Outside, the property offers ample off-street parking and a spacious grassy backyard.
The property is located on Blue Hill Avenue in a Boston setting with convenient access to shopping, restaurants, public transportation, and the Blue Hill business district.
Key Highlights
- Well‑maintained 6‑family building built in 1905 with all units currently occupied
- 12+ bedrooms total across the units, providing multiple bedroom layouts for tenants
- Updates include newer furnaces and hot water tanks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,585
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,291,700
$3.3M
Cap Rate 7%
$2,351,214
$2.4M
Cap Rate 9%
$1,828,722
$1.8M
Market Conditions
NOI Build-Up for 7,006 SF
Gross rent
$311.1K $44.40/SF
− Vacancy
−$11.8K −$1.69/SF
EGI
$299.2K $42.71/SF
− OpEx
−$134.7K −$19.22/SF
NOI
$164.6K $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%
$3,291,700
Cap Rate 7%
$2,351,214
Cap Rate 9%
$1,828,722
Alternative Uses
Best Use
Apartment 5plus
$2.35M
$2.06M – $2.74M
NOI $164,585 @ 7.0% cap · market cap 8.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.25M
$4.59M – $6.12M
NOI $367,226 @ 7.0% cap · market cap 19.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,619
Businesses Nearby
Explore this area
Business Placement
Demographics for 02119, MA
29,175
Population
12,937
Households
2.3
Avg Household Size
34
Median Age
30%
College-Educated
81%
High-School Grad
1.6 sq mi
ZIP Area
18,234
Density / Sq Mi
$43,255
Median Household Income
$38,664
Median Earnings
$1,252
Median Rent
$668,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Six fully occupied units offer updated systems and off-street parking with a spacious backyard.
Where is this apartment building located?
The property is located at 140-142 Blue Hill Ave Boston, MA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Well‑maintained 6‑family building built in 1905 with all units currently occupied; 12+ bedrooms total across the units, providing multiple bedroom layouts for tenants; Updates include newer furnaces and hot water tanks
