Renovated Three-Family with
1420 River Street Boston, MA 02136
For Sale
$1,299,000
Fully renovated three-family with vacant units, quality finishes, and a basement ADU option in Boston, MA.
Property Size3,438 SF
Price / SF$377.84
Days on Market35
Property Features for 1420 River Street
General Information
- Standard status
- Active
- Size
- 3,438 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing Agency:
Bohio Realty LLC
Listed By:
Anthony Jean-Baptiste
(617) 846-8000
Source:
Highlandre
Added: Jun 22
Changed: Jul 10
Last Checked: Jul 24 at 10:46PM
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 Bohio Realty LLC
Investment Insights
Based on property information with market context.
This fully renovated three-family property offers flexible living layouts with up to 3-4 bedrooms, including a master ensuite. Interior highlights include hardwood floors and quartz countertops, along with a 36-inch stainless steel stove and included appliances. The home also features a generous yard designed for outdoor entertainment. The basement level provides an ADU option that may support a potential 4th unit, offering additional versatility for an owner-occupant or investor.
Located at 1420 River Street in Boston, MA 02136, all units are currently vacant, allowing for an efficient move-in or immediate leasing plan. The property includes open house hours on 6/26 and 6/27 from 12pm to 2pm. The listing also notes a $15,000 buyers credit at closing.
With vacant units, upgraded finishes, and a basement ADU option, this property can work well for buyers seeking a straightforward three-family with the flexibility to add a potential additional unit. Tenants or owner-occupants may value the combination of renovated interiors, multiple bedroom configurations, and the outdoor yard space for day-to-day comfort.
Located at 1420 River Street in Boston, MA 02136, all units are currently vacant, allowing for an efficient move-in or immediate leasing plan. The property includes open house hours on 6/26 and 6/27 from 12pm to 2pm. The listing also notes a $15,000 buyers credit at closing.
With vacant units, upgraded finishes, and a basement ADU option, this property can work well for buyers seeking a straightforward three-family with the flexibility to add a potential additional unit. Tenants or owner-occupants may value the combination of renovated interiors, multiple bedroom configurations, and the outdoor yard space for day-to-day comfort.
Key Highlights
- Fully renovated three‑family home built in 1920 in Boston’s Hyde Park
- Flexible 3–4 bedroom living with a master ensuite and hardwood floors
- Updated kitchen with quartz countertops and a 36‑inch stainless steel stove and appliances
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 | $130.0k | $37.80 |
| − Vacancy | −$5.8k | −$1.70 |
| EGI | $124.1k | $36.10 |
| − OpEx | −$37.2k | −$10.83 |
| NOI | $86.9k | $25.27 |
3,438 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.09M – $1.45M
NOI $86,876 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$1.15M
$1.01M – $1.35M
NOI $80,766 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $180,206 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Fully renovated three-family with vacant units, quality finishes, and a basement ADU option in Boston, MA.
Where is this triplex located?
The property is located at 1420 River Street Boston, MA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Fully renovated three‑family home built in 1920 in Boston’s Hyde Park; Flexible 3–4 bedroom living with a master ensuite and hardwood floors; Updated kitchen with quartz countertops and a 36‑inch stainless steel stove and appliances
