New Construction Triplex with Central
164 Boylston Street Boston, MA 02130
164 Boylston Street, Boston, MA, 02130
$1,599,000
For Sale
$1,599,000
Three-unit triplex built in 2006 with central AC, in-unit washers and dryers, stainless appliances, and four parking spaces.
Property Size3,278 SF
Price / SF$487.80
Days on Market80
Property Features for 164 Boylston Street
General Information
- Standard status
- Active
- Size
- 3,278 SF
- Property subtype
- 3 Family - 3 Units Up/Down
Building Details
- Year Built
- 2006
Listing agency
Longwood Residential, LLC
(857) 249-5131
Listed by
Derek Young
Source
Capital-entities
Added: May 5 Updated: Jul 23 at 1:56AM Checked: Jul 23 at 5:39AM
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 100% new construction triplex was built from the ground up in 2006 and offers three separate, centrally heated and air-conditioned units. Each unit includes two full bathrooms, in-unit washers and dryers, stainless steel appliances, granite countertops, and open living room/kitchen layouts. Utilities are metered separately for electric, heat, and hot water, and the building has a sprinkler system. The basement includes three large storage rooms, and newer hot water tanks serve each unit. There are four outdoor parking spaces, including one tandem spot, and the first-floor unit is handicap accessible.
The second and third floor units feature rear decks with steel frame construction, and the property is commuter friendly with a Stony Brook T Station within a five-minute walk.
Overall, the building combines modern unit finishes with separate metering and practical on-site storage and parking for a multi-family residential setup.
The second and third floor units feature rear decks with steel frame construction, and the property is commuter friendly with a Stony Brook T Station within a five-minute walk.
Overall, the building combines modern unit finishes with separate metering and practical on-site storage and parking for a multi-family residential setup.
Key Highlights
- Three‑unit triplex built in 2006, 100% new construction from the ground up.
- Each unit has central A/C and heating, plus in‑unit washer/dryer and stainless steel appliances.
- Two full bathrooms per unit and open living room/kitchen floor plans with granite countertops.
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 5.18%
Second Best
Apartment 5plus
$1.10M
$962.6K – $1.28M
NOI $77,007 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$2.45M
$2.15M – $2.86M
NOI $171,820 @ 7.0% cap · market cap 10.75%
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 - Three-unit triplex built in 2006 with central AC, in-unit washers and dryers, stainless appliances, and four 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 $1,599,000.
What are key features of this property?
This property features: Three‑unit triplex built in 2006, 100% new construction from the ground up.; Each unit has central A/C and heating, plus in‑unit washer/dryer and stainless steel appliances.; Two full bathrooms per unit and open living room/kitchen floor plans with granite countertops.
