Triplex with Water
1614 Columbia Rd, Boston, MA 02127
For Sale
New
$2,099,000
Six bedrooms and three bathrooms provide a substantial residential layout.
Property Size3,219 SF
Price / SF$652.07
Days on Market5
Property Features for 1614 Columbia Rd
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Thread Real Estate, LLC
Listed By:
Derek Hui
(781) 728-9689
Source:
Downtownbostonrealty
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 10:38AM
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 Thread Real Estate, LLC
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Investment Insights
Based on property information with market context.
This Boston triplex contains approximately 3,219 square feet of living area, with six bedrooms and three bathrooms. Built in 1900, the property offers a sizable residential configuration.
The home is located in South Boston, steps from the beach and with direct water views. Local shops, restaurants, neighborhood amenities, and transportation options are also noted nearby.
The home is located in South Boston, steps from the beach and with direct water views. Local shops, restaurants, neighborhood amenities, and transportation options are also noted nearby.
Key Highlights
- Approximately 3,219 square feet of living space
- Six bedrooms and three bathrooms
- Direct water views; beach is steps away
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,342
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,626,840
$1.6M
Cap Rate 7%
$1,162,029
$1.2M
Cap Rate 9%
$903,800
$903.8K
Market Conditions
NOI Build-Up for 3,219 SF
Gross rent
$121.7K $37.80/SF
− Vacancy
−$5.5K −$1.70/SF
EGI
$116.2K $36.10/SF
− OpEx
−$34.9K −$10.83/SF
NOI
$81.3K $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%
$1,626,840
Cap Rate 7%
$1,162,029
Cap Rate 9%
$903,800
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.02M – $1.36M
NOI $81,342 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$1.08M
$945.3K – $1.26M
NOI $75,621 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,727 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,184
Businesses Nearby
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Business Placement
Demographics for 02127, MA
37,939
Population
19,495
Households
1.9
Avg Household Size
31
Median Age
69%
College-Educated
95%
High-School Grad
2.1 sq mi
ZIP Area
18,066
Density / Sq Mi
$156,373
Median Household Income
$85,444
Median Earnings
$2,435
Median Rent
$858,600
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Boston, MA
Properties on Market for Triplexes in Boston
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Six bedrooms and three bathrooms provide a substantial residential layout.
Where is this triplex located?
The property is located at 1614 Columbia Rd Boston, MA.
What is the asking price?
The asking price for this property is $2,099,000.
What are key features of this property?
This property features: Approximately 3,219 square feet of living space; Six bedrooms and three bathrooms; Direct water views; beach is steps away
