New Construction Triplex with
164 Boylston Street Boston, MA 02130
164 Boylston Street, Boston, MA, 02130
$1,649,000
For Sale
$1,649,000
Triplex built in 2006 offering in-unit laundry, central A/C, and four outdoor parking spaces.
Property Size3,278 SF
Price / SF$503.05
Days on Market85
Property Features for 164 Boylston Street
General Information
- Standard status
- Active
- Size
- 3,278 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 2006
Listing agency
Longwood Residential,LLC
Listed by
Derek Young
(617) 750-6378
Source
Benoitrealestate
Added: Apr 30 Updated: Jul 21 at 6:09AM Checked: Jul 22 at 7:11AM
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 Longwood Residential,LLC
Investment Insights
Based on property information with market context.
This 2006 ground-up triplex features three separately metered units with central air conditioning and heating, plus in-unit washer/dryer and stainless steel appliances. Each unit is set up with two full bathrooms, granite countertops, and open living room/kitchen floor plans. The basement includes three large storage rooms, and each unit has its own newer hot water tank. Building systems include a building-wide sprinkler system.
The first-floor unit is handicap accessible. The second and third floor units include rear decks with steel-frame construction. The property provides four outdoor parking spaces, including one tandem space.
The commuter-friendly setting is described as within a five-minute walk to the Stony Brook T Station.
The first-floor unit is handicap accessible. The second and third floor units include rear decks with steel-frame construction. The property provides four outdoor parking spaces, including one tandem space.
The commuter-friendly setting is described as within a five-minute walk to the Stony Brook T Station.
Key Highlights
- Triplex built in 2006: 3 units with central A/C and heating
- Each unit has in‑unit washer/dryer, stainless steel appliances, granite countertops, and open living/kitchen layouts
- Two full bathrooms per unit and separate metering for electric, heat, and hot water
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $123.9k | $37.80 |
| − Vacancy | −$5.6k | −$1.70 |
| EGI | $118.3k | $36.10 |
| − OpEx | −$35.5k | −$10.83 |
| NOI | $82.8k | $25.27 |
3,278 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.04M – $1.38M
NOI $82,833 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$1.10M
$962.6K – $1.28M
NOI $77,007 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$2.45M
$2.15M – $2.86M
NOI $171,820 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Watertown Electrical
Hardware & Home Improvement
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FAQs
What type of property is this?
Triplex - Triplex built in 2006 offering in-unit laundry, central A/C, and four outdoor parking spaces.
Where is this triplex located?
The property is located at 164 Boylston Street Boston, MA.
What is the asking price?
The asking price for this property is $1,649,000.
What are key features of this property?
This property features: Triplex built in 2006: 3 units with central A/C and heating; Each unit has in‑unit washer/dryer, stainless steel appliances, granite countertops, and open living/kitchen layouts; Two full bathrooms per unit and separate metering for electric, heat, and hot water
