Triplex with Basement
For Sale
$1,275,000
21 Saint Marks Rd, Boston, MA 02124
Three residential units include decks, laundry access, private storage, and off-street parking.
Property Size3,426 SF
Price / SF$372.15
Days on Market109
Property Features for 21 Saint Marks Rd
General Information
Standard status
Active
Size
3,426 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Zoning
R3
Taxes and HOA fees
Annual Taxes
$10,545
Building Details
Building Size
3,426 SF
Year Built
1905
Stories
3
Listing Agency:
Escalate Real Estate
(781) 924-5425
Listed By:
Tiffanie Williams Needham
(617) 645-1885
Source:
Churchillprop
Added: Jul 1
Changed: Oct 6
Last Checked: Oct 16 at 7:35AM
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 Escalate Real Estate
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Investment Insights
Based on property information with market context.
This triplex contains 3,426 square feet across three residential units. Each unit is configured with 5 rooms, 3 bedrooms, and 1 full bath. Front and rear decks serve every unit, while the full basement provides laundry access and private storage. A driveway supplies off-street parking, and the property includes a generously sized backyard.
Built in 1905 and zoned R3, the property is located 0.6 miles from the Shawmut MBTA Red Line. The setting also provides access to Route 93, downtown Boston, Quincy Center, and East Milton Square.
Built in 1905 and zoned R3, the property is located 0.6 miles from the Shawmut MBTA Red Line. The setting also provides access to Route 93, downtown Boston, Quincy Center, and East Milton Square.
Key Highlights
- Three units, each with 5 rooms, 3 bedrooms, and 1 full bath
- 3,426‑square‑foot triplex built in 1905
- Front and rear decks included with every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,573
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,731,460
$1.7M
Cap Rate 7%
$1,236,757
$1.2M
Cap Rate 9%
$961,922
$961.9K
Market Conditions
NOI Build-Up for 3,426 SF
Gross rent
$129.5K $37.80/SF
− Vacancy
−$5.8K −$1.70/SF
EGI
$123.7K $36.10/SF
− OpEx
−$37.1K −$10.83/SF
NOI
$86.6K $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%
$1,731,460
Cap Rate 7%
$1,236,757
Cap Rate 9%
$961,922
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.08M – $1.44M
NOI $86,573 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,484 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$2.57M
$2.24M – $2.99M
NOI $179,577 @ 7.0% cap · market cap 14.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,848
Businesses Nearby
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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
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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 residential units include decks, laundry access, private storage, and off-street parking.
Where is this triplex located?
The property is located at 21 Saint Marks Rd Boston, MA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Three units, each with 5 rooms, 3 bedrooms, and 1 full bath; 3,426‑square‑foot triplex built in 1905; Front and rear decks included with every unit
