Updated Triplex with Skyline
For Sale
$1,575,000
18 Peverell St, Boston, MA 02125
Three spacious residences offer renovated finishes, private decks, and separate gas heating and hot water systems.
Property Size3,462 SF
Price / SF$454.94
Days on Market156
Property Features for 18 Peverell St
General Information
Standard status
Active
Size
3,462 SF
Property subtype
Multi-Family
Zoning
R3
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 3BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$15,775
Amenities
Contract
false
Central, Forced Air, Natural Gas
Washer & Dryer Hookup, Washer Hookup, Dryer Hookup, Electric Dryer Hookup
Tile, Hardwood, Stone/Ceramic Tile
Washer, Dryer, Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer
Laundry Room, Pantry, Storage, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Remodeled, Stone/Granite/Solid Counters, Living Room, Kitchen
City View(s), Scenic View(s)
No
Yes
Rubber
Balcony/Deck
Public Transportation, Shopping, Medical Facility, Bike Path, Highway Access, House of Worship, Private School, Public School, T-Station, University, Sidewalks
for Gas Range, for Electric Dryer, Washer Hookup
Building Details
Year Built
1900
Stories
3
Listing Agency:
Symphony Properties
(617) 536-1400
Listed By:
Daniel Tully · License #9073048
Source:
Arborviewrealtyinc
Added: Mar 30
Changed: Aug 29
Last Checked: Aug 29 at 1:23PM
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 Symphony Properties
Investment Insights
Based on property information with market context.
This 3,462-square-foot triplex contains three residences, each with three bedrooms, hardwood flooring, vinyl windows, and a renovated tile bathroom. Updated eat-in kitchens include stainless appliances, quartz or solid-surface counters, pantry storage, and laundry hookups. Each unit also has a large deck with outlooks toward the Boston skyline and harbor islands. Separate gas heat and hot water systems serve the three units, and the property includes R3 zoning.
The property is located at 18 Peverell St in Boston’s Dorchester neighborhood, within the Jones Hill area. Nearby access points and amenities include the Savin Hill T Red Line stop, highway connections, UMass Boston, restaurants, cafes, parks, shopping, medical facilities, bike paths, and schools.
Additional interior features include living rooms, storage areas, upgraded cabinetry, dishwashers, disposals, microwaves, refrigerators, and freezers. The property was built in 1900 and has been recently updated.
The property is located at 18 Peverell St in Boston’s Dorchester neighborhood, within the Jones Hill area. Nearby access points and amenities include the Savin Hill T Red Line stop, highway connections, UMass Boston, restaurants, cafes, parks, shopping, medical facilities, bike paths, and schools.
Additional interior features include living rooms, storage areas, upgraded cabinetry, dishwashers, disposals, microwaves, refrigerators, and freezers. The property was built in 1900 and has been recently updated.
Key Highlights
- 3,462 SF triplex with three 3‑bedroom residences
- Large decks provide outlooks toward the Boston skyline and harbor islands
- Updated eat‑in kitchens with stainless appliances and quartz countertops
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$87,482
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,749,640
$1.7M
Cap Rate 7%
$1,249,743
$1.2M
Cap Rate 9%
$972,022
$972.0K
Market Conditions
NOI Build-Up for 3,462 SF
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.
Gross rent
$130.9K $37.80/SF
− Vacancy
−$5.9K −$1.70/SF
EGI
$125.0K $36.10/SF
− OpEx
−$37.5K −$10.83/SF
NOI
$87.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,749,640
Cap Rate 7%
$1,249,743
Cap Rate 9%
$972,022
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.09M – $1.46M
NOI $87,482 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$1.16M
$1.02M – $1.36M
NOI $81,329 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$2.59M
$2.27M – $3.02M
NOI $181,464 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,674
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three spacious residences offer renovated finishes, private decks, and separate gas heating and hot water systems.
Where is this triplex located?
The property is located at 18 Peverell St Boston, MA.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: 3,462 SF triplex with three 3‑bedroom residences; Large decks provide outlooks toward the Boston skyline and harbor islands; Updated eat‑in kitchens with stainless appliances and quartz countertops
