Updated Four-Unit Property with
For Sale
$3,290,000
142 Calumet Street, Boston, MA 02120
Residential income property with renovated kitchens, baths, laundry, porches, and a finished penthouse featuring elevated interior finishes.
Property Size4,573 SF
Price / SF$719.44
Days on Market81
Property Features for 142 Calumet Street
General Information
Standard status
Active
Size
4,573 SF
Property subtype
Multi-Family
Zoning
R4
Net Operating Income
$200,994
Units
Unit Mix
3 x 4BR/1BA, 1 x 2BR+study/1.5BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$14,483
Amenities
rear porches
deck
central A/C
working fireplace
in-unit laundry
gas grill plumbing
Building Details
Building Size
4,573 SF
Year Built
1900
Buildings
1
Stories
5
Listing Agency:
RSC Global Realty
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jun 11
Changed: Aug 29
Last Checked: Aug 30 at 1:51PM
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 RSC Global Realty
Investment Insights
Based on property information with market context.
This 4,573-square-foot quadplex, built in 1900 and zoned R4, contains four residential units. The first three apartments each offer four bedrooms and one bathroom, with updated kitchens and baths in Units 1 and 2, plus in-unit laundry. Unit 3 received a gut renovation in 2022 that added a new kitchen, bathroom, and laundry. Each apartment includes a rear porch.
Added in 2005, the penthouse provides two bedrooms, a study, one and one-half bathrooms, arched living room ceilings, mahogany floors, a working fireplace, and central A/C installed in 2024. Its deck includes gas-grill plumbing along with electric and water service, and offers city views.
Property improvements include new vinyl siding, painted interior hallways completed 3/2026, a new front porch installed in 2025, Azek trim, Trex decking, full exterior painting, and new gutters. The property is located at 142 Calumet Street in Boston, Massachusetts.
Added in 2005, the penthouse provides two bedrooms, a study, one and one-half bathrooms, arched living room ceilings, mahogany floors, a working fireplace, and central A/C installed in 2024. Its deck includes gas-grill plumbing along with electric and water service, and offers city views.
Property improvements include new vinyl siding, painted interior hallways completed 3/2026, a new front porch installed in 2025, Azek trim, Trex decking, full exterior painting, and new gutters. The property is located at 142 Calumet Street in Boston, Massachusetts.
Key Highlights
- Four‑unit quadplex with 4,573 SF and R4 zoning
- Units 1–3 each feature four bedrooms and one bathroom
- Penthouse added in 2005 with two bedrooms, study, and 1.5 bathrooms
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
$115,557
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
3.51%
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%
$2,311,140
$2.3M
Cap Rate 7%
$1,650,814
$1.7M
Cap Rate 9%
$1,283,967
$1.3M
Market Conditions
NOI Build-Up for 4,573 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
$172.9K $37.80/SF
− Vacancy
−$7.8K −$1.70/SF
EGI
$165.1K $36.10/SF
− OpEx
−$49.5K −$10.83/SF
NOI
$115.6K $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%
$2,311,140
Cap Rate 7%
$1,650,814
Cap Rate 9%
$1,283,967
Alternative Uses
Best Use
Multifamily LT 5
$1.65M
$1.44M – $1.93M
NOI $115,557 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$1.53M
$1.34M – $1.79M
NOI $107,429 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$3.42M
$3.00M – $3.99M
NOI $239,698 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
8,331
Businesses Nearby
Explore this area
Business Placement
Demographics for 02120, MA
17,578
Population
5,061
Households
3.5
Avg Household Size
26
Median Age
44%
College-Educated
78%
High-School Grad
0.6 sq mi
ZIP Area
29,297
Density / Sq Mi
$61,472
Median Household Income
$27,345
Median Earnings
$1,630
Median Rent
$941,200
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?
Quadplex - Residential income property with renovated kitchens, baths, laundry, porches, and a finished penthouse featuring elevated interior finishes.
Where is this quadplex located?
The property is located at 142 Calumet Street Boston, MA.
What is the asking price?
The asking price for this property is $3,290,000.
What are key features of this property?
This property features: Four‑unit quadplex with 4,573 SF and R4 zoning; Units 1–3 each feature four bedrooms and one bathroom; Penthouse added in 2005 with two bedrooms, study, and 1.5 bathrooms
