Renovated 3-Family Income
16 Hawthorne Street Boston, MA 02119
16 Hawthorne Street, Boston, MA, 02119
$1,199,000
For Sale
$1,199,000
Turn-key renovated triplex with updated electrical, plumbing, HVAC, roof, insulation, and a fenced yard.
Property Size3,195 SF
Price / SF$375.27
Days on Market230
Property Features for 16 Hawthorne Street
General Information
- Standard status
- Active
- Size
- 3,195 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1880
Listing agency
Choose Boston,LLC
Listed by
Zachary Feldshuh
(617) 661-6600
Source
Cambridgerealty
Added: Dec 5, 2025 Updated: Jul 20 at 5:15PM Checked: Jul 21 at 7:06AM
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 Choose Boston,LLC
Investment Insights
Based on property information with market context.
Beautifully renovated 3-family triplex offers a turn-key setup with recently updated electrical, plumbing, HVAC systems, roof, and insulation. Interior upgrades include modern soft-close cabinetry, quartz countertops, refinished hardwood floors, stainless steel appliances, and dimmable LED lighting throughout. Central air and heat have also been updated to support year-round comfort.
The property is located on a quiet street with easy on-street parking, with convenient access to the Orange Line and Silver Line and nearby destinations including the South End, Longwood Medical Area, Northeastern University, and Wentworth University.
A large, fenced-in backyard includes a walkout basement, which provides room to consider potential conversion into an additional unit or expansion within the existing layout.
The property is located on a quiet street with easy on-street parking, with convenient access to the Orange Line and Silver Line and nearby destinations including the South End, Longwood Medical Area, Northeastern University, and Wentworth University.
A large, fenced-in backyard includes a walkout basement, which provides room to consider potential conversion into an additional unit or expansion within the existing layout.
Key Highlights
- Renovated 3‑family (triplex) built in 1880 in the Fort Hill area
- Recently updated electrical, plumbing, HVAC, roof, and new insulation
- Modern interior finishes with soft‑close cabinetry, quartz countertops, refinished hardwood floors, and stainless steel appliances
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 | $120.8k | $37.80 |
| − Vacancy | −$5.4k | −$1.70 |
| EGI | $115.3k | $36.10 |
| − OpEx | −$34.6k | −$10.83 |
| NOI | $80.7k | $25.27 |
3,195 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.35M
NOI $80,735 @ 7.0% cap · market cap 6.73%
Second Best
Apartment 5plus
$1.07M
$938.2K – $1.25M
NOI $75,057 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,469 @ 7.0% cap · market cap 13.97%
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 - Turn-key renovated triplex with updated electrical, plumbing, HVAC, roof, insulation, and a fenced yard.
Where is this triplex located?
The property is located at 16 Hawthorne Street Boston, MA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Renovated 3‑family (triplex) built in 1880 in the Fort Hill area; Recently updated electrical, plumbing, HVAC, roof, and new insulation; Modern interior finishes with soft‑close cabinetry, quartz countertops, refinished hardwood floors, and stainless steel appliances
