Three-Family Residential
2 Hiawatha Road Boston, MA 02126
2 Hiawatha Road, Boston, MA, 02126
$1,200,000
For Sale
$1,200,000
Three-unit building with updated kitchens and bathrooms, hardwood floors, tiled kitchen, and freshly painted apartments.
Property Size3,200 SF
Price / SF$375
Days on Market127
Property Features for 2 Hiawatha Road
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Multi-family / 3 Family
Building Details
- Year Built
- 1900
Listing agency
Freedom Realty
1617212
Listed by
Pierre Grandoit · License #9020348
1617212
Source
Compass
Added: Mar 18 Updated: Jul 22 at 1:01AM Checked: Jul 22 at 1:01AM
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 Freedom Realty
Investment Insights
Based on property information with market context.
This three-family residential income property features updated kitchens and bathrooms, with hardwood floors and a tiled kitchen. The home has updated electrical systems and plumbing, plus a public electrical meter. Interiors include freshly painted apartments and newer stainless steel stoves, and there is a clean, open basement with insulated windows that may support future expansion.
Two apartments can be delivered vacant for a new owner. The first-floor three-bedroom unit is currently occupied by a tenant.
Access is convenient to public transportation, and the property is positioned near a middle school and a library.
Two apartments can be delivered vacant for a new owner. The first-floor three-bedroom unit is currently occupied by a tenant.
Access is convenient to public transportation, and the property is positioned near a middle school and a library.
Key Highlights
- Three‑family home with updated kitchens and bathrooms
- Hardwood floors and tiled kitchen, with insulated windows throughout
- Unfinished full basement with concrete floor and insulated windows for potential expansion
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 | $121.0k | $37.80 |
| − Vacancy | −$5.4k | −$1.70 |
| EGI | $115.5k | $36.10 |
| − OpEx | −$34.7k | −$10.83 |
| NOI | $80.9k | $25.27 |
3,200 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.01M – $1.35M
NOI $80,862 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$1.07M
$939.7K – $1.25M
NOI $75,175 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,731 @ 7.0% cap · market cap 13.98%
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 - Three-unit building with updated kitchens and bathrooms, hardwood floors, tiled kitchen, and freshly painted apartments.
Where is this triplex located?
The property is located at 2 Hiawatha Road Boston, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Three‑family home with updated kitchens and bathrooms; Hardwood floors and tiled kitchen, with insulated windows throughout; Unfinished full basement with concrete floor and insulated windows for potential expansion
