Renovated Quadplex with In-Unit
16-22 Reedsdale Street Boston, MA 02134
16-22 Reedsdale Street, Boston, MA, 02134
$2,900,000
For Sale
$2,900,000
Renovated quadplex features central air, hardwood floors, and in-unit laundry across all units.
Property Size4,573 SF
Price / SF$634.16
Days on Market162
Property Features for 16-22 Reedsdale Street
General Information
- Standard status
- Active
- Size
- 4,573 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1899
Listing agency
Nuage Real Estate Group
Listed by
Christie Xie
(617) 262-6200
Source
Cabotandcompany
Added: Feb 9 Updated: Jul 21 at 1:54AM Checked: Jul 21 at 6:46AM
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 Nuage Real Estate Group
Investment Insights
Based on property information with market context.
16–22 Reedsdale Street is a quadplex opportunity that was completely renovated in 2006. The property includes hardwood floors, central air for heating and cooling, and in-unit laundry in every unit. Each unit also features a kitchen with granite countertops and stainless steel appliances.
The building has seen recent exterior improvements, including a roof replacement in 2023 and replacement of the siding, front porch, and back deck in 2025. Off-street parking is available in the back parking lot, and the property has maintained 100% occupancy throughout the years.
The current leases are set to end on 8/31/26. New leases are in place beginning 9/1/26 through 8/31/27 for four units, listed at $3,675/month, $4,450/month, $4,450/month, and $3,675/month. The adjacent property at 24 Chester St is also available for sale and may be purchased as part of a package.
The building has seen recent exterior improvements, including a roof replacement in 2023 and replacement of the siding, front porch, and back deck in 2025. Off-street parking is available in the back parking lot, and the property has maintained 100% occupancy throughout the years.
The current leases are set to end on 8/31/26. New leases are in place beginning 9/1/26 through 8/31/27 for four units, listed at $3,675/month, $4,450/month, $4,450/month, and $3,675/month. The adjacent property at 24 Chester St is also available for sale and may be purchased as part of a package.
Key Highlights
- Renovated quadplex built in 1899 with central air, all hardwood floors, and in‑unit laundry in every unit
- Roof replaced in 2023; siding, front porch, and back deck replaced in 2025
- 100% occupancy reported throughout the years; current lease ends 8/31/26
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 | $172.9k | $37.80 |
| − Vacancy | −$7.8k | −$1.70 |
| EGI | $165.1k | $36.10 |
| − OpEx | −$49.5k | −$10.83 |
| NOI | $115.6k | $25.27 |
4,573 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.65M
$1.44M – $1.93M
NOI $115,557 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$1.53M
$1.34M – $1.79M
NOI $107,429 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$3.42M
$3.00M – $3.99M
NOI $239,698 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Renovated quadplex features central air, hardwood floors, and in-unit laundry across all units.
Where is this quadplex located?
The property is located at 16-22 Reedsdale Street Boston, MA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Renovated quadplex built in 1899 with central air, all hardwood floors, and in‑unit laundry in every unit; Roof replaced in 2023; siding, front porch, and back deck replaced in 2025; 100% occupancy reported throughout the years; current lease ends 8/31/26
