Renovated 4-Unit
New
For Sale
$2,849,000
16 Temple Street, Boston, MA 02114
Individual HVAC units, washer/dryers, and a fire sprinkler system serve this residential property.
Property Size3,346 SF
Price / SF$851.46
Days on Market4
Property Features for 16 Temple Street
General Information
Standard status
Active
Size
3,346 SF
Property subtype
Multi-family
Lease Term
[]
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Sprinkler System
Yes
Multifamily Units
4
Amenities
HVAC units
Washer/Dryers
Building Details
Year Built
1899
Buildings
1
Listing Agency:
Boston Realty Advisors
Listed By:
Kevin Benzinger · License #9526383
(617) 375-7900
Source:
Cabotandcompany
Added: Oct 3
Changed: Oct 6
Last Checked: Oct 5 at 8:10PM
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 Boston Realty Advisors
Investment Insights
Based on property information with market context.
This 3,346-square-foot quadplex contains four residential units and was built in 1899. The building has been renovated and includes HVAC units in every unit, washer/dryers, and a fire sprinkler system.
The property is across from Massachusetts General Hospital in Boston’s Beacon Hill neighborhood. Charles/MGH on the Red Line and Government Center on the Green Line are within walking distance. Nearby destinations include the State House, Government Center, the Financial District, Charles Street, and the West End and North End.
The property is across from Massachusetts General Hospital in Boston’s Beacon Hill neighborhood. Charles/MGH on the Red Line and Government Center on the Green Line are within walking distance. Nearby destinations include the State House, Government Center, the Financial District, Charles Street, and the West End and North End.
Key Highlights
- Four‑unit residential building with 3,346 square feet
- Renovated building with HVAC units in all units
- Washer/dryers and a fire sprinkler system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,112
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,842,240
$1.8M
Cap Rate 7%
$1,315,886
$1.3M
Cap Rate 9%
$1,023,467
$1.0M
Market Conditions
NOI Build-Up for 3,346 SF
Gross rent
$136.5K $40.80/SF
− Vacancy
−$4.9K −$1.47/SF
EGI
$131.6K $39.33/SF
− OpEx
−$39.5K −$11.80/SF
NOI
$92.1K $27.53/SF
Area
ZIP 02114
Vacancy
3.61%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,842,240
Cap Rate 7%
$1,315,886
Cap Rate 9%
$1,023,467
Alternative Uses
Best Use
Multifamily LT 5
$1.32M
$1.15M – $1.54M
NOI $92,112 @ 7.0% cap · market cap 3.23%
Second Best
Apartment 5plus
$1.21M
$1.06M – $1.42M
NOI $84,978 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,853 @ 7.0% cap · market cap 4.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
24,234
Businesses Nearby
Explore this area
Business Placement
Demographics for 02114, MA
14,469
Population
9,525
Households
1.5
Avg Household Size
33
Median Age
84%
College-Educated
97%
High-School Grad
0.4 sq mi
ZIP Area
36,173
Density / Sq Mi
$135,057
Median Household Income
$94,465
Median Earnings
$2,933
Median Rent
$927,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Individual HVAC units, washer/dryers, and a fire sprinkler system serve this residential property.
Where is this quadplex located?
The property is located at 16 Temple Street Boston, MA.
What is the asking price?
The asking price for this property is $2,849,000.
What are key features of this property?
This property features: Four‑unit residential building with 3,346 square feet; Renovated building with HVAC units in all units; Washer/dryers and a fire sprinkler system
