Renovated Three-Unit
New
For Sale
$1,190,000
161 Westville Street, Boston, MA 02122
Three furnished apartments include updated kitchens, tiled bathrooms, and tandem parking.
Property Size2,670 SF
Price / SF$445.69
Days on Market7
Property Features for 161 Westville Street
General Information
Standard status
Active
Size
2,670 SF
Total Parking Spaces
3
Property subtype
Multi-family
Additional Details
Furnished
Yes
Gross Income
$112,800
Public Transit
Yes
Multifamily Units
3
Amenities
porches
grassy yard
fully applianced kitchens
tile baths
LVP flooring
Building Details
Year Built
1905
Listing Agency:
Real Broker MA,LLC
Listed By:
Adams & Co. Team
(617) 874-0736
Source:
Kelleyrege
Added: Oct 14
Changed: Oct 19
Last Checked: Oct 19 at 7:38AM
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 Real Broker MA,LLC
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Investment Insights
Based on property information with market context.
This 2,670-square-foot triplex contains three renovated, furnished units. Interior finishes include kitchens with appliances and butcher-block counters, tiled bathrooms, and LVP flooring. Each unit also has a porch, and the property includes a grassy yard and tandem parking for three cars. The building dates to 1905, and its systems have been updated.
Fields Corner T station is about one-third mile away, with access to the Red Line. Ronan Park is approximately one-quarter mile from the property. Shopping and restaurants along Geneva Avenue and Dorchester Avenue are also nearby.
Fields Corner T station is about one-third mile away, with access to the Red Line. Ronan Park is approximately one-quarter mile from the property. Shopping and restaurants along Geneva Avenue and Dorchester Avenue are also nearby.
Key Highlights
- Three renovated, furnished units
- 2,670 square feet in a building constructed in 1905
- Kitchens feature appliances and butcher‑block counters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,469
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,349,380
$1.3M
Cap Rate 7%
$963,843
$963.8K
Cap Rate 9%
$749,656
$749.7K
Market Conditions
NOI Build-Up for 2,670 SF
Gross rent
$100.9K $37.80/SF
− Vacancy
−$4.5K −$1.70/SF
EGI
$96.4K $36.10/SF
− OpEx
−$28.9K −$10.83/SF
NOI
$67.5K $25.27/SF
Area
Boston, MA
Vacancy
4.50%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,349,380
Cap Rate 7%
$963,843
Cap Rate 9%
$749,656
Alternative Uses
Best Use
Multifamily LT 5
$963.8K
$843.4K – $1.12M
NOI $67,469 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$896.1K
$784.1K – $1.05M
NOI $62,724 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,951 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,884
Businesses Nearby
Explore this area
Business Placement
Demographics for 02122, MA
24,385
Population
10,039
Households
2.4
Avg Household Size
35
Median Age
38%
College-Educated
81%
High-School Grad
1.7 sq mi
ZIP Area
14,344
Density / Sq Mi
$82,945
Median Household Income
$53,897
Median Earnings
$2,052
Median Rent
$656,400
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
Frequently Asked Questions
What type of property is this?
Triplex - Three furnished apartments include updated kitchens, tiled bathrooms, and tandem parking.
Where is this triplex located?
The property is located at 161 Westville Street Boston, MA.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Three renovated, furnished units; 2,670 square feet in a building constructed in 1905; Kitchens feature appliances and butcher‑block counters
