Three-Family Residential
167-167A Falcon Boston, MA 02128
167-167A Falcon, Boston, MA, 02128
$1,425,000
For Sale
$1,425,000
Three units each offer three bedrooms and one bathroom, with basement coin-op laundry, garage parking, and a backyard.
Property Size3,500 SF
Price / SF$407.14
Days on Market64
Property Features for 167-167A Falcon
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1900
Listing agency
(617) 676-7295
Listed by
Kambiz Azami
(617) 676-7295
Source
Elliman
Added: May 20 Updated: Jul 21 at 9:40PM Checked: Jul 22 at 11:23AM
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 Kambiz Azami
Investment Insights
Based on property information with market context.
This three-family residential property offers nearly 3,500 square feet of living space with three bedrooms and one bathroom per unit, along with kitchens. The basement features coin-up laundry, and the property includes a garage plus a clean backyard.
The home is located in East Boston near Boston Harbor and provides easy access to bus lines, supermarkets, restaurants, and other everyday amenities.
With consistent tenant payment behavior noted in the remarks, the property is positioned for either an owner-occupant setup or an investor seeking a turnkey multi-family with an opportunity for improved returns.
The home is located in East Boston near Boston Harbor and provides easy access to bus lines, supermarkets, restaurants, and other everyday amenities.
With consistent tenant payment behavior noted in the remarks, the property is positioned for either an owner-occupant setup or an investor seeking a turnkey multi-family with an opportunity for improved returns.
Key Highlights
- 3‑family in East Boston built in 1900
- About 3,500 sq ft total living space with 3 bedrooms and 1 bathroom per unit
- Basement offers coin‑op laundry
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 | $132.3k | $37.80 |
| − Vacancy | −$6.0k | −$1.70 |
| EGI | $126.3k | $36.10 |
| − OpEx | −$37.9k | −$10.83 |
| NOI | $88.4k | $25.27 |
3,500 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.26M
$1.11M – $1.47M
NOI $88,443 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$1.17M
$1.03M – $1.37M
NOI $82,222 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$2.62M
$2.29M – $3.06M
NOI $183,456 @ 7.0% cap · market cap 12.87%
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 - Three units each offer three bedrooms and one bathroom, with basement coin-op laundry, garage parking, and a backyard.
Where is this triplex located?
The property is located at 167-167A Falcon Boston, MA.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: 3‑family in East Boston built in 1900; About 3,500 sq ft total living space with 3 bedrooms and 1 bathroom per unit; Basement offers coin‑op laundry
