Updated Residential Income
For Sale
$515,000
16 Taft St, Boston, MA 02125
Updated condominium with flexible rooms, contemporary kitchen, and a full bathroom.
Property Size1,145 SF
Price / SF$449.78
Days on Market50
Property Features for 16 Taft St
General Information
Standard status
Active
Size
1,145 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
Range
Dishwasher
Disposal
Microwave
Wood
Baseboard
1.0 Story
$7,161 Taxes
Public
Built in 1905
Building Details
Year Built
1905
Listing Agency:
Mohawk Real Estate, LLC
(617) 436-1600
Listed By:
Nghi Le
Source:
Donahuere
Added: Jul 5
Changed: Aug 5
Last Checked: Aug 22 at 3:32AM
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 Mohawk Real Estate, LLC
Investment Insights
Based on property information with market context.
This updated condominium provides 1,145 square feet of residential space within a building constructed in 1905. The layout includes two bedrooms, separate living and dining rooms, and a compact study that can serve as a home office or reading room. An updated kitchen and full bathroom complete the interior improvements.
The property is identified as Unit 2 at 16 Taft St, Boston, MA 02125. Its residential configuration combines defined entertaining areas with a flexible additional room and refreshed core spaces.
The property is identified as Unit 2 at 16 Taft St, Boston, MA 02125. Its residential configuration combines defined entertaining areas with a flexible additional room and refreshed core spaces.
Key Highlights
- 1,145 square feet of living space
- Two‑bedroom condominium with living and dining rooms
- Flexible study suitable for office or reading use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,898
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$537,960
$538.0K
Cap Rate 7%
$384,257
$384.3K
Cap Rate 9%
$298,867
$298.9K
Market Conditions
NOI Build-Up for 1,145 SF
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.
Gross rent
$50.8K $44.40/SF
− Vacancy
−$1.9K −$1.69/SF
EGI
$48.9K $42.71/SF
− OpEx
−$22.0K −$19.22/SF
NOI
$26.9K $23.49/SF
Area
Boston, MA
Vacancy
3.80%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$537,960
Cap Rate 7%
$384,257
Cap Rate 9%
$298,867
Alternative Uses
Best Use
Apartment 5plus
$384.3K
$336.2K – $448.3K
NOI $26,898 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$857.4K
$750.2K – $1.00M
NOI $60,016 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,563
Businesses Nearby
Explore this area
Business Placement
Demographics for 02125, MA
34,926
Population
14,999
Households
2.3
Avg Household Size
32
Median Age
42%
College-Educated
87%
High-School Grad
2.2 sq mi
ZIP Area
15,875
Density / Sq Mi
$71,810
Median Household Income
$52,106
Median Earnings
$1,897
Median Rent
$645,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated condominium with flexible rooms, contemporary kitchen, and a full bathroom.
Where is this residential income property located?
The property is located at 16 Taft St Boston, MA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: 1,145 square feet of living space; Two‑bedroom condominium with living and dining rooms; Flexible study suitable for office or reading use
