Renovated Three-Unit
165 Emerson Street Boston, MA 02127
165 Emerson Street, Boston, MA, 02127
$2,650,000
For Sale
$2,650,000
Renovated in 2016, this three-unit property offers 11 bedrooms, 6 full baths, and in-unit laundry across all units.
Property Size3,324 SF
Price / SF$797.23
Days on Market73
Property Features for 165 Emerson Street
General Information
- Standard status
- Active
- Size
- 3,324 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
Blue Ocean Realty,LLC
Listed by
Rose Hall
(401) 333-9333
Source
Residentialproperties
Added: May 12 Updated: Jul 22 at 7:58AM Checked: Jul 22 at 7:58AM
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 Blue Ocean Realty,LLC
Investment Insights
Based on property information with market context.
This renovated three-unit multifamily features a total of 11 bedrooms and 6 full baths, with one 3-bedroom/2-bath unit and two 4-bedroom/2-bath units. The 2016 renovation includes modern interior finishes such as hardwood floors and stainless steel appliances, along with in-unit laundry. Each unit also offers a private outdoor deck or balcony, supporting comfortable everyday living for tenants.
The property is located at 165 Emerson Street, with access to major Boston destinations just minutes away, including the Seaport, Downtown Boston, Logan Airport, and MBTA Red Line service at Broadway/Andrew.
As presented, the offering is described as achieving a 6.4% cap rate, supported by rental demand and a turnkey configuration.
The property is located at 165 Emerson Street, with access to major Boston destinations just minutes away, including the Seaport, Downtown Boston, Logan Airport, and MBTA Red Line service at Broadway/Andrew.
As presented, the offering is described as achieving a 6.4% cap rate, supported by rental demand and a turnkey configuration.
Key Highlights
- Renovated in 2016 three‑unit multifamily with 11 bedrooms and 6 full baths
- Unit mix: 1 unit with 3 bed/2 bath and 2 units with 4 bed/2 bath (total 11 bedrooms, 6 full baths)
- In‑unit laundry in all units
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 | $125.6k | $37.80 |
| − Vacancy | −$5.7k | −$1.70 |
| EGI | $120.0k | $36.10 |
| − OpEx | −$36.0k | −$10.83 |
| NOI | $84.0k | $25.27 |
3,324 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $83,995 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$1.12M
$976.1K – $1.30M
NOI $78,088 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,231 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Renovated in 2016, this three-unit property offers 11 bedrooms, 6 full baths, and in-unit laundry across all units.
Where is this triplex located?
The property is located at 165 Emerson Street Boston, MA.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Renovated in 2016 three‑unit multifamily with 11 bedrooms and 6 full baths; Unit mix: 1 unit with 3 bed/2 bath and 2 units with 4 bed/2 bath (total 11 bedrooms, 6 full baths); In‑unit laundry in all units
