Newly Built Three-Unit Income
16 Church Street Boston, MA 02122
16 Church Street, Boston, MA, 02122
$1,995,000
For Sale
$1,995,000
2024 three-family asset with three identical 3-bed, 2-bath units and in-unit laundry, plus basement storage for each.
Property Size4,938 SF
Price / SF$404.01
Days on Market95
Property Features for 16 Church Street
General Information
- Standard status
- Active
- Size
- 4,938 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 2024
Listing agency
Columbus and Over Group,LLC
Listed by
Jeffrey Hamilton
(617) 680-0690
Source
Inrealtyinc
Added: Apr 20 Updated: Jul 20 at 11:39PM Checked: Jul 21 at 7:05AM
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 Columbus and Over Group,LLC
Investment Insights
Based on property information with market context.
Newly constructed in 2024, this three-family residential income property presents three identical, condo-quality units built from the ground up. Each unit offers three bedrooms and two bathrooms with open-concept kitchens, high ceilings, and in-unit laundry, along with well-proportioned living space. A full-height basement provides private, dedicated storage for each unit.
The property is located on a corner lot directly across from Allen Park in the heart of Dorchester. The surrounding area includes major development activity such as Dot Block and ongoing revitalization along Dorchester Ave.
The three units are leased through August 2026, providing in-place income with established occupancy and near-term stability for an owner-investor or an owner-occupant.
The property is located on a corner lot directly across from Allen Park in the heart of Dorchester. The surrounding area includes major development activity such as Dot Block and ongoing revitalization along Dorchester Ave.
The three units are leased through August 2026, providing in-place income with established occupancy and near-term stability for an owner-investor or an owner-occupant.
Key Highlights
- Newly built 2024 three‑family with three identical units, each offering 3 beds and 2 baths
- About 1,079 SF per unit with open‑concept kitchens and high ceilings
- In‑unit laundry in each unit plus private full‑height basement storage for each unit
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 | $186.7k | $37.80 |
| − Vacancy | −$8.4k | −$1.70 |
| EGI | $178.3k | $36.10 |
| − OpEx | −$53.5k | −$10.83 |
| NOI | $124.8k | $25.27 |
4,938 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.78M
$1.56M – $2.08M
NOI $124,780 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$1.66M
$1.45M – $1.93M
NOI $116,004 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$3.70M
$3.24M – $4.31M
NOI $258,830 @ 7.0% cap · market cap 12.97%
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 - 2024 three-family asset with three identical 3-bed, 2-bath units and in-unit laundry, plus basement storage for each.
Where is this triplex located?
The property is located at 16 Church Street Boston, MA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Newly built 2024 three‑family with three identical units, each offering 3 beds and 2 baths; About 1,079 SF per unit with open‑concept kitchens and high ceilings; In‑unit laundry in each unit plus private full‑height basement storage for each unit
