Bi-Level Residential Income
For Sale
$674,999
20 Ufford St, Boston, MA 02124
Recently built condominium with flexible lower-level space and convenient access to Boston employment and entertainment districts.
Property Size2,100 SF
Price / SF$321.43
Days on Market57
Property Features for 20 Ufford St
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
1
Amenities
Central Air
Natural Gas
2.0 Stories
$3,467 Taxes
Public
Built in 2023
Building Details
Year Built
2023
Listing Agency:
FC Realty Group
(857) 939-0144
Listed By:
Colleen Foulsham
Source:
Donahuere
Added: Jun 25
Changed: Aug 12
Last Checked: Aug 20 at 4:04AM
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 FC Realty Group
Investment Insights
Based on property information with market context.
This bi-level condominium, built in 2023, provides over 2,100 square feet of finished space across two levels. The main floor combines an open layout with two bedrooms and two full bathrooms. Downstairs, a finished level adds a third bedroom, another full bathroom, and a family room that can accommodate guest space, office use, media activities, or exercise equipment.
The property is in Dorchester at 20 Ufford St, Boston, MA 02124, with access to Downtown Boston, the Seaport, I-93, public transportation, restaurants, and neighborhood amenities. Its three-bedroom, three-bathroom configuration and additional family room provide a substantial residential layout within a condominium setting.
The property is in Dorchester at 20 Ufford St, Boston, MA 02124, with access to Downtown Boston, the Seaport, I-93, public transportation, restaurants, and neighborhood amenities. Its three-bedroom, three-bathroom configuration and additional family room provide a substantial residential layout within a condominium setting.
Key Highlights
- Over 2,100 square feet of finished living space
- Built in 2023
- Bi‑level condominium with open main‑floor layout
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
$49,333
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
7.31%
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%
$986,660
$986.7K
Cap Rate 7%
$704,757
$704.8K
Cap Rate 9%
$548,144
$548.1K
Market Conditions
NOI Build-Up for 2,100 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
$93.2K $44.40/SF
− Vacancy
−$3.5K −$1.69/SF
EGI
$89.7K $42.71/SF
− OpEx
−$40.4K −$19.22/SF
NOI
$49.3K $23.49/SF
Area
Boston, MA
Vacancy
3.80%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
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%
$986,660
Cap Rate 7%
$704,757
Cap Rate 9%
$548,144
Alternative Uses
Best Use
Apartment 5plus
$704.8K
$616.7K – $822.2K
NOI $49,333 @ 7.0% cap · market cap 7.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.38M – $1.83M
NOI $110,074 @ 7.0% cap · market cap 16.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,346
Businesses Nearby
Explore this area
Business Placement
Demographics for 02124, MA
50,972
Population
21,264
Households
2.4
Avg Household Size
36
Median Age
31%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
16,991
Density / Sq Mi
$79,168
Median Household Income
$43,483
Median Earnings
$1,783
Median Rent
$607,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Recently built condominium with flexible lower-level space and convenient access to Boston employment and entertainment districts.
Where is this residential income property located?
The property is located at 20 Ufford St Boston, MA.
What is the asking price?
The asking price for this property is $674,999.
What are key features of this property?
This property features: Over 2,100 square feet of finished living space; Built in 2023; Bi‑level condominium with open main‑floor layout
