Renovated 3-Family Income
For Sale
$1,199,000
16 Hawthorne Street, Boston, MA 02119
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 Market237
Property Features for 16 Hawthorne Street
General Information
Standard status
Active
Size
3,195 SF
Property subtype
Multi-family
Additional Details
Business Included
Yes
Fenced Yard
Yes
Multifamily Units
3
Building Details
Year Built
1880
Tenancy
Multi
Listing Agency:
Choose Boston,LLC
Listed By:
Zachary Feldshuh
(617) 661-6600
Source:
Cambridgerealty
Added: Dec 5, 2025
Changed: Jul 20
Last 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
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 authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,215
Businesses Nearby
Explore this area
Business Placement
Demographics for 02119, MA
29,175
Population
12,937
Households
2.3
Avg Household Size
34
Median Age
30%
College-Educated
81%
High-School Grad
1.6 sq mi
ZIP Area
18,234
Density / Sq Mi
$43,255
Median Household Income
$38,664
Median Earnings
$1,252
Median Rent
$668,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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
