R2 Residential Income
For Sale
$1,600,000
167 Lexington St, Boston, MA 02128
R2-zoned residential income property in Boston’s Suffolk County, built in 1920.
Property Size2,901 SF
Price / SF$551.53
Days on Market96
Property Features for 167 Lexington St
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
(508) 367-0175
Source:
Alpernandmesenbourg
Added: Jul 17
Changed: Oct 9
Last Checked: Oct 7 at 4:11PM
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
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Investment Insights
Based on property information with market context.
This residential income property is located at 167 Lexington St in Boston, Massachusetts. The property carries R2 zoning and was built in 1920.
The address is in Suffolk County and is identified as 02128. Directions are provided through GPS.
The address is in Suffolk County and is identified as 02128. Directions are provided through GPS.
Key Highlights
- R2 zoning
- Built in 1920
- 167 Lexington St, Boston, MA 02128
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,150
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,363,000
$1.4M
Cap Rate 7%
$973,571
$973.6K
Cap Rate 9%
$757,222
$757.2K
Market Conditions
NOI Build-Up for 2,901 SF
Gross rent
$128.8K $44.40/SF
− Vacancy
−$4.9K −$1.69/SF
EGI
$123.9K $42.71/SF
− OpEx
−$55.8K −$19.22/SF
NOI
$68.2K $23.49/SF
Area
Boston, MA
Vacancy
3.80%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,363,000
Cap Rate 7%
$973,571
Cap Rate 9%
$757,222
Alternative Uses
Best Use
Apartment 5plus
$973.6K
$851.9K – $1.14M
NOI $68,150 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
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 authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,601
Businesses Nearby
Explore this area
Business Placement
Demographics for 02128, MA
43,066
Population
19,124
Households
2.3
Avg Household Size
33
Median Age
38%
College-Educated
77%
High-School Grad
5.0 sq mi
ZIP Area
8,613
Density / Sq Mi
$92,079
Median Household Income
$48,549
Median Earnings
$2,009
Median Rent
$680,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Residential income property - R2-zoned residential income property in Boston’s Suffolk County, built in 1920.
Where is this residential income property located?
The property is located at 167 Lexington St 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: R2 zoning; Built in 1920; 167 Lexington St, Boston, MA 02128
