Triple Decker with Tandem
145 Welles Ave Boston, MA 02124
145 Welles Ave, Boston, MA, 02124
$1,200,000
For Sale
$1,200,000
12-bedroom triple decker with separate utilities, three gas heating systems, and lead certificates for all units.
Property Size4,200 SF
Price / SF$285.71
Days on Market56
Property Features for 145 Welles Ave
General Information
- Standard status
- Active
- Size
- 4,200 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1905
Listing agency
Broad Sound Real Estate, LLC
(978) 423-7782
Listed by
Nicholas Daher
Source
Downtownbostonrealty
Added: May 28 Updated: Jul 21 at 8:00PM Checked: Jul 22 at 5:11AM
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 Broad Sound Real Estate, LLC
Investment Insights
Based on property information with market context.
This triple decker offers approximately 4,200 square feet and features three units with similar four-bedroom floor plans and spacious living areas. Each unit has separate utilities, supported by three Burnham gas heating systems, four electric meters, and three gas hot water tanks. The basement includes high ceilings, natural light, and a walkout egress.
The property is in the Ashmont/Dorchester area with walking access to the Shawmut and Ashmont MBTA Red Line stations, Dorchester Center, and neighborhood retail and dining. Additional conveniences include two tandem off-street parking spaces.
Units 1 and 2 are vacant, and unit 3 is TAW. Lead certificates are available for all three units.
The property is in the Ashmont/Dorchester area with walking access to the Shawmut and Ashmont MBTA Red Line stations, Dorchester Center, and neighborhood retail and dining. Additional conveniences include two tandem off-street parking spaces.
Units 1 and 2 are vacant, and unit 3 is TAW. Lead certificates are available for all three units.
Key Highlights
- Built in 1905: 4,200 SF 12‑bedroom triple decker in the Ashmont/Dorchester area
- Each unit has a similar 4‑bedroom layout with spacious living areas
- Separate utilities: 3 Burnham gas heating systems, 4 electric meters, and 3 gas hot water tanks
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 | $158.8k | $37.80 |
| − Vacancy | −$7.1k | −$1.70 |
| EGI | $151.6k | $36.10 |
| − OpEx | −$45.5k | −$10.83 |
| NOI | $106.1k | $25.27 |
4,200 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.52M
$1.33M – $1.77M
NOI $106,131 @ 7.0% cap · market cap 8.84%
Second Best
Apartment 5plus
$1.41M
$1.23M – $1.64M
NOI $98,667 @ 7.0% cap · market cap 8.22%
Theoretical Best
Office A
$3.14M
$2.75M – $3.67M
NOI $220,147 @ 7.0% cap · market cap 18.35%
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 - 12-bedroom triple decker with separate utilities, three gas heating systems, and lead certificates for all units.
Where is this triplex located?
The property is located at 145 Welles Ave Boston, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Built in 1905: 4,200 SF 12‑bedroom triple decker in the Ashmont/Dorchester area; Each unit has a similar 4‑bedroom layout with spacious living areas; Separate utilities: 3 Burnham gas heating systems, 4 electric meters, and 3 gas hot water tanks
