Renovated 4-Unit Residential
17 M Street Boston, MA 02127
17 M Street, Boston, MA, 02127
$2,975,000
For Sale
$2,975,000
Completely renovated 4-family property with four apartments and in-unit laundry.
Property Size3,297 SF
Price / SF$902.34
Days on Market231
Property Features for 17 M Street
General Information
- Standard status
- Active
- Size
- 3,297 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1905
Listing agency
Greater Metropolitan R. E.
(617) 523-2505
Listed by
Ryan Foley · License #9043438
Source
Capecoastalsir
Added: Dec 3, 2025 Updated: Jul 20 at 11:56PM Checked: Jul 21 at 8:55AM
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 Greater Metropolitan R. E.
Investment Insights
Based on property information with market context.
This renovated 4-unit quadplex offers approximately 3,297 square feet of living space across three-bedroom and larger unit configurations, including two 3-bedroom apartments, a 4-bedroom apartment, and a 2-bedroom penthouse. All four units include in-unit laundry, supporting convenient day-to-day living for tenants.
The property is located on Boston’s East Side, abutting Medal Of Honor Park. Public remarks note that it is also within walking distance to the beach and area shops and restaurants.
The building was completely renovated in 2025, with professionally designed finishes throughout. For showings, a 48-hour notice is required.
The property is located on Boston’s East Side, abutting Medal Of Honor Park. Public remarks note that it is also within walking distance to the beach and area shops and restaurants.
The building was completely renovated in 2025, with professionally designed finishes throughout. For showings, a 48-hour notice is required.
Key Highlights
- East Side 4‑family built in 1905 with approximately 3,300 sq ft of living space
- Unit mix: (2) 3‑bedroom units, one 4‑bedroom unit, and a 2‑bedroom penthouse
- Completely renovated in 2025 with professionally designed finishes
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 | $124.6k | $37.80 |
| − Vacancy | −$5.6k | −$1.70 |
| EGI | $119.0k | $36.10 |
| − OpEx | −$35.7k | −$10.83 |
| NOI | $83.3k | $25.27 |
3,297 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.04M – $1.39M
NOI $83,313 @ 7.0% cap · market cap 2.80%
Second Best
Apartment 5plus
$1.11M
$968.2K – $1.29M
NOI $77,453 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $172,816 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Completely renovated 4-family property with four apartments and in-unit laundry.
Where is this quadplex located?
The property is located at 17 M Street Boston, MA.
What is the asking price?
The asking price for this property is $2,975,000.
What are key features of this property?
This property features: East Side 4‑family built in 1905 with approximately 3,300 sq ft of living space; Unit mix: (2) 3‑bedroom units, one 4‑bedroom unit, and a 2‑bedroom penthouse; Completely renovated in 2025 with professionally designed finishes
