Three-Deck Triplex with Rear
15 Bailey Street Boston, MA 02124
15 Bailey Street, Boston, MA, 02124
$1,199,000
For Sale
$1,199,000
Classic three-decker with rear decks overlooking a landscaped yard and off-street parking.
Property Size3,801 SF
Price / SF$315.44
Days on Market8
Property Features for 15 Bailey Street
General Information
- Standard status
- Active
- Size
- 3,801 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1900
Listing agency
Coldwell Banker Realty - Dorchester
(617) 680-1039
Listed by
Tara O Riordan · License #452508574
(617) 680-1039
Source
Iverty
Added: Jul 15 Updated: Jul 22 at 5:51AM Checked: Jul 22 at 5:51AM
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 Coldwell Banker Realty - Dorchester
Investment Insights
Based on property information with market context.
This classic three-decker triplex offers three residential units, each featuring two bedrooms, a living room, a dining room, a full kitchen, and a full bath. The building includes rear decks that overlook a landscaped yard, providing an outdoor area for each unit. Off-street parking is available. Unit 3 is noted as having a newer kitchen and bath.
Located in Dorchester, the property is described as being within a short distance to the T, shopping, the YMCA, local parks, and restaurants.
The offering is presented as a maintained building with multiple upgrades across the units and the property. Total area is listed as 6,300 square feet, with the parcel size shown as 3,801 square feet.
Located in Dorchester, the property is described as being within a short distance to the T, shopping, the YMCA, local parks, and restaurants.
The offering is presented as a maintained building with multiple upgrades across the units and the property. Total area is listed as 6,300 square feet, with the parcel size shown as 3,801 square feet.
Key Highlights
- Year built 1900 classic three‑decker with 3 residential units
- Each unit features 2 bedrooms, living room, dining room, full kitchen, and full bath
- Total building area of 6,300 SF
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 | $143.7k | $37.80 |
| − Vacancy | −$6.5k | −$1.70 |
| EGI | $137.2k | $36.10 |
| − OpEx | −$41.2k | −$10.83 |
| NOI | $96.0k | $25.27 |
3,801 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.37M
$1.20M – $1.60M
NOI $96,049 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,293 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$2.85M
$2.49M – $3.32M
NOI $199,233 @ 7.0% cap · market cap 16.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Classic three-decker with rear decks overlooking a landscaped yard and off-street parking.
Where is this triplex located?
The property is located at 15 Bailey Street Boston, MA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Year built 1900 classic three‑decker with 3 residential units; Each unit features 2 bedrooms, living room, dining room, full kitchen, and full bath; Total building area of 6,300 SF
