Triplex Conversion
17 Buttonwood, Boston, MA 02125
For Sale
New
$1,075,000
Approved plans and a building permit support conversion of the existing home into three residential units.
Property Size3,054 SF
Days on Market3
Property Features for 17 Buttonwood
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Olde Towne Real Estate Co.
Listed By:
Edward Ahern
Source:
Classifiedrealtygroup
Added: Nov 7
Changed: Nov 8
Last Checked: Nov 8 at 2:57AM
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 Olde Towne Real Estate Co.
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Investment Insights
Based on property information with market context.
The existing single-family home is approximately 90% gutted. Approved architectural plans and a building permit are to be provided at closing for its conversion and expansion into a three-unit residential building. Two plan options include either two or three underground parking spaces.
At 17 Buttonwood in Boston, the property is a short walk from JFK/UMass Station and the Red Line. Transit connects the location with Downtown Boston, South Boston, UMass Boston, and Cambridge.
At 17 Buttonwood in Boston, the property is a short walk from JFK/UMass Station and the Red Line. Transit connects the location with Downtown Boston, South Boston, UMass Boston, and Cambridge.
Key Highlights
- Approved plans and building permit for conversion and expansion into three residential units
- Existing single‑family home is approximately 90% gutted
- Two plan options provide for either two or three underground parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,172
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,543,440
$1.5M
Cap Rate 7%
$1,102,457
$1.1M
Cap Rate 9%
$857,467
$857.5K
Market Conditions
NOI Build-Up for 3,054 SF
Gross rent
$115.4K $37.80/SF
− Vacancy
−$5.2K −$1.70/SF
EGI
$110.2K $36.10/SF
− OpEx
−$33.1K −$10.83/SF
NOI
$77.2K $25.27/SF
Area
Boston, MA
Vacancy
4.50%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,543,440
Cap Rate 7%
$1,102,457
Cap Rate 9%
$857,467
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$964.7K – $1.29M
NOI $77,172 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$1.02M
$896.8K – $1.20M
NOI $71,745 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,078 @ 7.0% cap · market cap 14.89%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,418
Businesses Nearby
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Business Placement
Demographics for 02125, MA
34,926
Population
14,999
Households
2.3
Avg Household Size
32
Median Age
42%
College-Educated
87%
High-School Grad
2.2 sq mi
ZIP Area
15,875
Density / Sq Mi
$71,810
Median Household Income
$52,106
Median Earnings
$1,897
Median Rent
$645,400
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Boston, MA
Properties on Market for Triplexes in Boston
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Approved plans and a building permit support conversion of the existing home into three residential units.
Where is this triplex located?
The property is located at 17 Buttonwood Boston, MA.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Approved plans and building permit for conversion and expansion into three residential units; Existing single‑family home is approximately 90% gutted; Two plan options provide for either two or three underground parking spaces
