Three-Unit Residential Income
167 Lexington Street Boston, MA 02128
167 Lexington Street, Boston, MA, 02128
$1,600,000
For Sale
$1,600,000
Fully renovated three-family with modern finishes and turnkey condition, with a stated 5.52% cap rate.
Property Size2,901 SF
Price / SF$551.53
Days on Market148
Property Features for 167 Lexington Street
General Information
- Standard status
- Active
- Size
- 2,901 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Compass
Listed by
Blake La Grassa
(781) 545-3155
Source
Grandgables
Added: Feb 24 Updated: Jul 21 at 1:00PM Checked: Jul 22 at 8:19AM
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 Compass
Investment Insights
Based on property information with market context.
This is a fully renovated three-family property featuring three well-designed units with modern finishes throughout. The asset was renovated in 2024 and is offered in turnkey condition.
The property is located at 167 Lexington Street in Boston’s East Boston area, within the Eagle Hill neighborhood.
Based on the seller’s stated underwriting, the offering is presented at a 5.52% cap rate. It is being marketed for investors or owner-occupants seeking a stabilized, high-quality residential income asset.
The property is located at 167 Lexington Street in Boston’s East Boston area, within the Eagle Hill neighborhood.
Based on the seller’s stated underwriting, the offering is presented at a 5.52% cap rate. It is being marketed for investors or owner-occupants seeking a stabilized, high-quality residential income asset.
Key Highlights
- Three‑family property built in 1900
- Fully renovated in 2024 with modern finishes throughout
- Includes three 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 | $109.7k | $37.80 |
| − Vacancy | −$4.9k | −$1.70 |
| EGI | $104.7k | $36.10 |
| − OpEx | −$31.4k | −$10.83 |
| NOI | $73.3k | $25.27 |
2,901 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$916.3K – $1.22M
NOI $73,306 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$973.6K
$851.9K – $1.14M
NOI $68,150 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $152,059 @ 7.0% cap · market cap 9.50%
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 - Fully renovated three-family with modern finishes and turnkey condition, with a stated 5.52% cap rate.
Where is this triplex located?
The property is located at 167 Lexington Street Boston, MA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Three‑family property built in 1900; Fully renovated in 2024 with modern finishes throughout; Includes three units
