Turnkey 3-Family Residential
177 Chestnut Avenue Boston, MA 02130
177 Chestnut Avenue, Boston, MA, 02130
$1,549,000
For Sale
$1,549,000
Turnkey 3-family property offering a versatile live-in or income setup with five bedrooms across three units.
Property Size3,144 SF
Price / SF$492.68
Days on Market80
Property Features for 177 Chestnut Avenue
General Information
- Standard status
- Active
- Size
- 3,144 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1905
Listing agency
Arborview Realty Inc.
(617) 943-9500
Listed by
Stephen Lussier · License #9065056
Source
Rosenrealty
Added: May 3 Updated: Jul 21 at 6:28AM Checked: Jul 21 at 6:28AM
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 Arborview Realty Inc.
Investment Insights
Based on property information with market context.
This turnkey 3-family residential income property offers a flexible configuration with three 3-bedroom units and a total size of 3,144 square feet. The building is described as a 5/5/5 setup, providing a straightforward unit mix for owner-occupants or investors.
Located at 177 Chestnut Avenue in Boston, MA 02130, the property is described as minutes from City Feed, the Stony Brook T Stop, and the Southwest Corridor. It is presented as a potential fit for buyers pursuing a 1031 exchange, as well as for developers seeking a reliable asset in a sought-after area.
As presented, this is a turn-key asset with existing multi-unit residential income characteristics designed to support a variety of buyer objectives.
Located at 177 Chestnut Avenue in Boston, MA 02130, the property is described as minutes from City Feed, the Stony Brook T Stop, and the Southwest Corridor. It is presented as a potential fit for buyers pursuing a 1031 exchange, as well as for developers seeking a reliable asset in a sought-after area.
As presented, this is a turn-key asset with existing multi-unit residential income characteristics designed to support a variety of buyer objectives.
Key Highlights
- 1905‑built 3‑family property offering a live‑in and rental income setup
- 3,144 sq ft total building size
- Five bedrooms across 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 | $118.8k | $37.80 |
| − Vacancy | −$5.3k | −$1.70 |
| EGI | $113.5k | $36.10 |
| − OpEx | −$34.0k | −$10.83 |
| NOI | $79.4k | $25.27 |
3,144 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$993.1K – $1.32M
NOI $79,447 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$1.06M
$923.2K – $1.23M
NOI $73,859 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$2.35M
$2.06M – $2.75M
NOI $164,796 @ 7.0% cap · market cap 10.64%
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 - Turnkey 3-family property offering a versatile live-in or income setup with five bedrooms across three units.
Where is this triplex located?
The property is located at 177 Chestnut Avenue Boston, MA.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: 1905‑built 3‑family property offering a live‑in and rental income setup; 3,144 sq ft total building size; Five bedrooms across three units
