Contemporary 3-Unit Residential
For Sale
$2,895,000
153 Bowen Street, Boston, MA 02127
Newly built 2021 three-unit property offers private balconies, a common roof deck, and garage parking.
Property Size3,294 SF
Price / SF$878.87
Days on Market121
Property Features for 153 Bowen Street
General Information
Standard status
Active
Size
3,294 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Zoning
Res
Occupancy
100%
Net Operating Income
$147,600
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$28,179
Building Details
Building Size
3,294 SF
Year Built
2021
Stories
4
Tenancy
Multi
Listing Agency:
Keliher Real Estate
(617) 267-0100
Listed By:
Patti Donovan
(617) 510-4876
Source:
Churchillprop
Added: Jun 23
Changed: Oct 6
Last Checked: Oct 20 at 5:53PM
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 Keliher Real Estate
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Investment Insights
Based on property information with market context.
Built from the ground up in 2021, this contemporary three-unit residential property features two-bedroom, one-bath apartments. Each unit includes a private balcony, with a common roof deck for shared outdoor space. The building offers garage parking with three spaces.
Interiors include modern kitchens with breakfast bars, shaker-style cabinetry, and stainless-steel appliances. Hardwood floors run throughout, and the large bathrooms accommodate stackable washer and dryer units. With equal-size bedrooms, the layouts are designed to work well for roommate arrangements.
All units are currently tenanted. A rent roll and expense information are available upon request.
Interiors include modern kitchens with breakfast bars, shaker-style cabinetry, and stainless-steel appliances. Hardwood floors run throughout, and the large bathrooms accommodate stackable washer and dryer units. With equal-size bedrooms, the layouts are designed to work well for roommate arrangements.
All units are currently tenanted. A rent roll and expense information are available upon request.
Key Highlights
- Built in 2021, contemporary 3‑unit building
- All apartments include 2 bedrooms, 1 bathroom, plus a private balcony
- Common roof deck and garage parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,237
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,664,740
$1.7M
Cap Rate 7%
$1,189,100
$1.2M
Cap Rate 9%
$924,856
$924.9K
Market Conditions
NOI Build-Up for 3,294 SF
Gross rent
$124.5K $37.80/SF
− Vacancy
−$5.6K −$1.70/SF
EGI
$118.9K $36.10/SF
− OpEx
−$35.7K −$10.83/SF
NOI
$83.2K $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%
$1,664,740
Cap Rate 7%
$1,189,100
Cap Rate 9%
$924,856
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.04M – $1.39M
NOI $83,237 @ 7.0% cap · market cap 2.88%
Second Best
Apartment 5plus
$1.11M
$967.3K – $1.29M
NOI $77,383 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $172,658 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,967
Businesses Nearby
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Business Placement
Demographics for 02127, MA
37,939
Population
19,495
Households
1.9
Avg Household Size
31
Median Age
69%
College-Educated
95%
High-School Grad
2.1 sq mi
ZIP Area
18,066
Density / Sq Mi
$156,373
Median Household Income
$85,444
Median Earnings
$2,435
Median Rent
$858,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Newly built 2021 three-unit property offers private balconies, a common roof deck, and garage parking.
Where is this triplex located?
The property is located at 153 Bowen Street Boston, MA.
What is the asking price?
The asking price for this property is $2,895,000.
What are key features of this property?
This property features: Built in 2021, contemporary 3‑unit building; All apartments include 2 bedrooms, 1 bathroom, plus a private balcony; Common roof deck and garage parking included
