Three-Unit Multifamily
For Sale
$1,449,000
191 Everett Street, Boston, MA 02128
Three four-bedroom residences include one unit delivered vacant for added occupancy flexibility.
Property Size2,799 SF
Price / SF$517.68
Days on Market584
Property Features for 191 Everett Street
General Information
Standard status
Active
Size
2,799 SF
Property subtype
Multi-Family
Zoning
9
Units
Unit Mix
3 x 4-bedroom
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9
Amenities
false
Other
No
Public Transportation, Shopping, Highway Access, Marina
Building Details
Year Built
1900
Stories
4
Listing Agency:
Boston Realty Advisors
Listed By:
Daniel Alper · License #CN254381
(617) 768-7333
Source:
Arborviewrealtyinc
Added: Mar 13, 2025
Changed: Aug 29
Last Checked: Apr 22 at 10:49AM
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 Boston Realty Advisors
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Investment Insights
Based on property information with market context.
This multifamily property contains three four-bedroom units within a 2,799-square-foot building constructed in 1900. Unit 2 will be delivered vacant, creating flexibility for an owner-occupant or a buyer planning new occupancy. The property is located at 191 Everett Street in Boston’s East Boston area, near the waterfront and within a short distance of the Blue Line. Its three-unit configuration and consistent bedroom count provide a straightforward residential income profile.
Key Highlights
- Three‑unit multifamily property
- Three 4‑bedroom units
- Unit 2 will be delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,729
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,414,580
$1.4M
Cap Rate 7%
$1,010,414
$1.0M
Cap Rate 9%
$785,878
$785.9K
Market Conditions
NOI Build-Up for 2,799 SF
Gross rent
$105.8K $37.80/SF
− Vacancy
−$4.8K −$1.70/SF
EGI
$101.0K $36.10/SF
− OpEx
−$30.3K −$10.83/SF
NOI
$70.7K $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%
$1,414,580
Cap Rate 7%
$1,010,414
Cap Rate 9%
$785,878
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$884.1K – $1.18M
NOI $70,729 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$939.3K
$821.9K – $1.10M
NOI $65,754 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$2.10M
$1.83M – $2.45M
NOI $146,712 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,412
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three four-bedroom residences include one unit delivered vacant for added occupancy flexibility.
Where is this triplex located?
The property is located at 191 Everett Street Boston, MA.
What is the asking price?
The asking price for this property is $1,449,000.
What are key features of this property?
This property features: Three‑unit multifamily property; Three 4‑bedroom units; Unit 2 will be delivered vacant
