Fully Tenanted Triplex with
194 Boylston Street Boston, MA 02130
194 Boylston Street, Boston, MA, 02130
$1,400,000
For Sale
$1,400,000
Three fully occupied units each offer three bedrooms, one bath, and an enclosed three-season porch.
Property Size3,264 SF
Price / SF$428.92
Days on Market142
Property Features for 194 Boylston Street
General Information
- Standard status
- Active
- Size
- 3,264 SF
- Property subtype
- Multi-family / 3 Family
Building Details
- Year Built
- 1900
Listing agency
Compass
(617) 543-4185
Listed by
Josh Brett · License #9506646
(617) 543-4185
Source
Compass
Added: Mar 2 Updated: Jul 21 at 7:14AM Checked: Mar 25 at 10:56AM
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 Compass
Investment Insights
Based on property information with market context.
This fully tenanted three-family triplex features three occupied units in good rental condition. Each unit includes three bedrooms, a living room, and one bathroom, along with an enclosed three-season porch. Interior details include original molding and wood floors, supporting a finished, residential feel throughout.
The property includes parking and is located near Stony Brook Station, described as minutes from the Stony Brook Orange Line T-station. The surrounding area is identified as Jamaica Plain, with reference to the Brewery District and nearby arts, culture, dining, and exercise venues.
The building is being offered with existing tenants. The remarks also cite projected market rents of $3,700–$3,900 per unit, along with an indicated ROI/cap rate range of 7 to 7.5. Pictures are noted as taken when units were vacant.
The property includes parking and is located near Stony Brook Station, described as minutes from the Stony Brook Orange Line T-station. The surrounding area is identified as Jamaica Plain, with reference to the Brewery District and nearby arts, culture, dining, and exercise venues.
The building is being offered with existing tenants. The remarks also cite projected market rents of $3,700–$3,900 per unit, along with an indicated ROI/cap rate range of 7 to 7.5. Pictures are noted as taken when units were vacant.
Key Highlights
- Fully tenanted Jamaica Plain triplex with 3 occupied units
- Each unit offers 3 bedrooms, 1 bathroom, living room, and an enclosed three‑season porch
- Parking provided near Stony Brook Station
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 | $123.4k | $37.80 |
| − Vacancy | −$5.6k | −$1.70 |
| EGI | $117.8k | $36.10 |
| − OpEx | −$35.3k | −$10.83 |
| NOI | $82.5k | $25.27 |
3,264 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.03M – $1.37M
NOI $82,479 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$1.10M
$958.5K – $1.28M
NOI $76,678 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$2.44M
$2.14M – $2.85M
NOI $171,086 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Three fully occupied units each offer three bedrooms, one bath, and an enclosed three-season porch.
Where is this triplex located?
The property is located at 194 Boylston Street Boston, MA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Fully tenanted Jamaica Plain triplex with 3 occupied units; Each unit offers 3 bedrooms, 1 bathroom, living room, and an enclosed three‑season porch; Parking provided near Stony Brook Station
