Updated Brick Triplex with Three
162 Howard Ave, Boston, MA 02125
For Sale
$1,199,000
Updated brick building with separate utilities, newer kitchens and baths, and high ceilings.
Property Size4,597 SF
Days on Market62
Property Features for 162 Howard Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Gross Income
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Realty - Weston
Listed By:
Jacques Handal · License MA #55651
(781) 894-5555
Source:
Classifiedrealtygroup
Added: Sep 15
Changed: Nov 3
Last Checked: Nov 14 at 2:43AM
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 Coldwell Banker Realty - Weston
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Investment Insights
Based on property information with market context.
Built in 1910, this brick triplex contains three spacious apartments with updated kitchens and bathrooms. The property includes high ceilings, three decks, a large basement, and separate utility services for the apartments. Deleading certificates are in place, and off-street parking may be possible.
Located at 162 Howard Ave in Boston, the property offers a three-unit residential income configuration within an established brick building. Its combination of apartment space, outdoor decks, basement storage, and updated interior components provides a practical multifamily layout.
Located at 162 Howard Ave in Boston, the property offers a three-unit residential income configuration within an established brick building. Its combination of apartment space, outdoor decks, basement storage, and updated interior components provides a practical multifamily layout.
Key Highlights
- Three spacious apartments in a brick triplex
- Built in 1910
- Three decks and a large basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,993
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,159,860
$2.2M
Cap Rate 7%
$1,542,757
$1.5M
Cap Rate 9%
$1,199,922
$1.2M
Market Conditions
NOI Build-Up for 4,597 SF
Gross rent
$204.1K $44.40/SF
− Vacancy
−$7.8K −$1.69/SF
EGI
$196.4K $42.71/SF
− OpEx
−$88.4K −$19.22/SF
NOI
$108.0K $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 Rate 5%
$2,159,860
Cap Rate 7%
$1,542,757
Cap Rate 9%
$1,199,922
Alternative Uses
Best Use
Multifamily LT 5
$1.66M
$1.45M – $1.94M
NOI $116,163 @ 7.0% cap · market cap 9.69%
Second Best
Apartment 5plus
$1.54M
$1.35M – $1.80M
NOI $107,993 @ 7.0% cap · market cap 9.01%
Theoretical Best
Office A
$3.44M
$3.01M – $4.02M
NOI $240,956 @ 7.0% cap · market cap 20.10%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,747
Businesses Nearby
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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
$645,400
Median Home Value
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Market
Average Price Trend$/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 - Updated brick building with separate utilities, newer kitchens and baths, and high ceilings.
Where is this triplex located?
The property is located at 162 Howard Ave 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: Three spacious apartments in a brick triplex; Built in 1910; Three decks and a large basement
