Three-Family House with Development
For Sale
$949,900
Pending
15 Nightingale St, Boston, MA 02124
Three-family house with flexible floor plans and development potential.
Property Size3,378 SF
Lot Size0.09 Acres
Days on Market313
Property Features for 15 Nightingale St
General Information
Standard status
Pending
Size
3,378 SF
Lot size
0.09 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$9,924
Building Details
Building Size
3,378 SF
Year Built
1905
Stories
3
Units
3
Listed By:
Carmen Bell
(713) 201-2286
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 24
Last Checked: Oct 5 at 6:00PM
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 Carmen Bell
Investment Insights
Based on property information with market context.
This three-family house offers an opportunity to participate in the neighborhood's development. The property features flexible floor plans, with each unit containing two bedrooms, one bathroom, a kitchen, a living room, a dining room, and a butler's pantry. The units can be reconfigured to create additional bedrooms or home office space. Hardwood floors are present throughout the building. Additional amenities include off-street parking, a large private backyard suitable for entertaining, private storage, and private porches. Located near Harambee Park, which offers a tennis court, basketball court, and soccer field, the property is also in proximity to Franklin Park Zoo and the William Devine Golf Course. The property is suitable for investors and has potential for condo conversion.
Key Highlights
- Three‑family home with income potential or condo conversion opportunity.
- Flexible floor plans in each unit allow for customization (more bedrooms/office).
- Off‑street parking and large private backyard.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,360
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,707,200
$1.7M
Cap Rate 7%
$1,219,429
$1.2M
Cap Rate 9%
$948,444
$948.4K
Market Conditions
NOI Build-Up for 3,378 SF
Gross rent
$127.7K $37.80/SF
− Vacancy
−$5.7K −$1.70/SF
EGI
$121.9K $36.10/SF
− OpEx
−$36.6K −$10.83/SF
NOI
$85.4K $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 Rate 5%
$1,707,200
Cap Rate 7%
$1,219,429
Cap Rate 9%
$948,444
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,360 @ 7.0% cap · market cap 8.99%
Second Best
Apartment 5plus
$1.13M
$992.0K – $1.32M
NOI $79,356 @ 7.0% cap · market cap 8.35%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $177,061 @ 7.0% cap · market cap 18.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,525
Businesses Nearby
Explore this area
Business Placement
Demographics for 02124, MA
50,972
Population
21,264
Households
2.4
Avg Household Size
36
Median Age
31%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
16,991
Density / Sq Mi
$79,168
Median Household Income
$43,483
Median Earnings
$1,783
Median Rent
$607,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-family house with flexible floor plans and development potential.
Where is this triplex located?
The property is located at 15 Nightingale St Boston, MA.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Three‑family home with income potential or condo conversion opportunity.; Flexible floor plans in each unit allow for customization (more bedrooms/office).; Off‑street parking and large private backyard.
