Contemporary 3-Unit Residential
153 Bowen Street Boston, MA 02127
153 Bowen Street, Boston, MA, 02127
$2,895,000
For Sale
$2,895,000
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 Market41
Property Features for 153 Bowen Street
General Information
- Standard status
- Active
- Size
- 3,294 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 2021
Listing agency
Keliher Real Estate
Listed by
Patti Donovan
(617) 396-3100
Source
Longwoodresidential
Added: Jun 12 Updated: Jul 21 at 1:13AM Checked: Jul 22 at 7:59AM
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
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
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 | $124.5k | $37.80 |
| − Vacancy | −$5.6k | −$1.70 |
| EGI | $118.9k | $36.10 |
| − OpEx | −$35.7k | −$10.83 |
| NOI | $83.2k | $25.27 |
3,294 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
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
