Fully Renovated Three-Family
141 Falcon Street Boston, MA 02128
141 Falcon Street, Boston, MA, 02128
$1,399,000
For Sale
$1,399,000
Turnkey three-unit property gut-renovated in 2023 with in-unit laundry, open-concept kitchens, and central HVAC systems.
Property Size2,742 SF
Price / SF$510.21
Days on Market57
Property Features for 141 Falcon Street
General Information
- Standard status
- Active
- Size
- 2,742 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 2023
Listing agency
Carlton's Wharf & Co.
Listed by
Jorge Rodriguez
(617) 694-0004
Source
Somervillelofts
Added: May 28 Updated: Jul 20 at 6:16PM Checked: Jul 21 at 7:42AM
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 Carlton's Wharf & Co.
Investment Insights
Based on property information with market context.
Turnkey three-family property fully gut-renovated in 2023. The building offers three modern units featuring premium finishes, open-concept kitchens, and in-unit laundry. Major improvements include completely new electrical, high-efficiency plumbing systems, and central HVAC, along with stacked rear porches.
Located at 141 Falcon Street in East Boston’s Eagle Hill, the property is near the MBTA Blue Line’s Wood Island Station and Logan Airport. Easy access to MA-1A South provides convenient connectivity, with the Seaport District reachable in under 12 minutes by car.
Located at 141 Falcon Street in East Boston’s Eagle Hill, the property is near the MBTA Blue Line’s Wood Island Station and Logan Airport. Easy access to MA-1A South provides convenient connectivity, with the Seaport District reachable in under 12 minutes by car.
Key Highlights
- Three‑family property built in 2023, gut‑renovated in 2023
- Three modern units with open‑concept kitchens and in‑unit laundry
- Completely new electrical and high‑efficiency plumbing systems
Local Financial Insights For Multifamily LT 5
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 | $103.6k | $37.80 |
| − Vacancy | −$4.7k | −$1.70 |
| EGI | $99.0k | $36.10 |
| − OpEx | −$29.7k | −$10.83 |
| NOI | $69.3k | $25.27 |
2,742 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$989.8K
$866.1K – $1.15M
NOI $69,288 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$920.2K
$805.2K – $1.07M
NOI $64,415 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$2.05M
$1.80M – $2.40M
NOI $143,725 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Turnkey three-unit property gut-renovated in 2023 with in-unit laundry, open-concept kitchens, and central HVAC systems.
Where is this triplex located?
The property is located at 141 Falcon Street Boston, MA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Three‑family property built in 2023, gut‑renovated in 2023; Three modern units with open‑concept kitchens and in‑unit laundry; Completely new electrical and high‑efficiency plumbing systems
