Renovated Three-Family
For Sale
$1,125,000
Pending
22 Fernboro St, Boston, MA 02121
Residential Income, Boston, MA
Property Size4,185 SF
Lot Size0.06 Acres
Days on Market60
Property Features for 22 Fernboro St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 7, Bathroom 1, Bedroom 8, Bedroom 3, Bedroom 2, Bedroom 9, Bathroom 2, Bedroom 6, Bedroom 5
Directions
Please Use GPS.
Standard status
Pending
APN
W:14 P:00333 S:000,1296692
Size
4,185 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7673
Building Details
Year built
1905
Floors in Building
3
Number of units
3
Listing Agency:
RE/MAX Vantage · RE/MAX International
(774) 992-0297
Listed By:
Eddie Lopez
(508) 999-4424
Added: Aug 7
Changed: Oct 3
Last Checked: Oct 5 at 6:06PM
MLS# 73560681
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated triplex contains 4,185 square feet and is configured as three residential units. The property includes approximately eight bedrooms and three full bathrooms, along with updated kitchens, refreshed baths, and modern interior finishes. It is currently vacant, allowing immediate occupancy or leasing without existing tenant rollover considerations.
Built in 1905 on a 0.0621-acre lot, the property is located at 22 Fernboro St in Boston’s Dorchester neighborhood. The surrounding area provides access to public transportation, major highways, shopping, restaurants, parks, schools, and downtown Boston. R3 zoning supports the property’s multifamily configuration.
The three-family layout offers flexibility for an owner occupant or an investor seeking separate residential units. The combination of unit count, bedroom capacity, updated interiors, and vacancy provides a clearly defined multifamily property profile.
Built in 1905 on a 0.0621-acre lot, the property is located at 22 Fernboro St in Boston’s Dorchester neighborhood. The surrounding area provides access to public transportation, major highways, shopping, restaurants, parks, schools, and downtown Boston. R3 zoning supports the property’s multifamily configuration.
The three-family layout offers flexibility for an owner occupant or an investor seeking separate residential units. The combination of unit count, bedroom capacity, updated interiors, and vacancy provides a clearly defined multifamily property profile.
Key Highlights
- Three‑unit residential configuration with approximately eight bedrooms and three full baths
- 4,185 square feet across a renovated three‑family property
- Updated kitchens and baths with modern interior finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,314
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,966,280
$2.0M
Cap Rate 7%
$1,404,486
$1.4M
Cap Rate 9%
$1,092,378
$1.1M
Market Conditions
NOI Build-Up for 4,185 SF
Gross rent
$185.8K $44.40/SF
− Vacancy
−$7.1K −$1.69/SF
EGI
$178.8K $42.71/SF
− OpEx
−$80.4K −$19.22/SF
NOI
$98.3K $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 Rate 5%
$1,966,280
Cap Rate 7%
$1,404,486
Cap Rate 9%
$1,092,378
Alternative Uses
Best Use
Multifamily LT 5
$1.51M
$1.32M – $1.76M
NOI $105,752 @ 7.0% cap · market cap 9.40%
Second Best
Apartment 5plus
$1.40M
$1.23M – $1.64M
NOI $98,314 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$3.13M
$2.74M – $3.66M
NOI $219,361 @ 7.0% cap · market cap 19.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,560
Businesses Nearby
Explore this area
Business Placement
Demographics for 02121, MA
28,766
Population
11,384
Households
2.5
Avg Household Size
33
Median Age
21%
College-Educated
75%
High-School Grad
1.9 sq mi
ZIP Area
15,140
Density / Sq Mi
$38,565
Median Household Income
$33,700
Median Earnings
$1,316
Median Rent
$548,100
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Vacant three-unit property with updated kitchens, baths, and modern finishes.
Where is this triplex located?
The property is located at 22 Fernboro St Boston, MA.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Three‑unit residential configuration with approximately eight bedrooms and three full baths; 4,185 square feet across a renovated three‑family property; Updated kitchens and baths with modern interior finishes
