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Three-Unit Apartment Building
For Sale
$1,019,500

22 Melbourne Street, Boston, MA 02124

Fully leased triplex with three-bedroom units, coin-operated laundry, and on-site parking near Red Line transit.

Property SizeContact for details
Days on Market15

Property Features for 22 Melbourne Street

General Information

Standard status Active
Property subtype Multifamily

Building Details

Units 3
Listing Agency: Boston Realty Advisors
Listed By: Kevin Benzinger · License #9526383
Source: Bradvisors
Added: Aug 18 Changed: Aug 26 Last Checked: Aug 31 at 1:35PM

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 Boston Realty Advisors

Investment Insights

Based on property information with market context.

This 1905 triplex contains three apartment units, each configured with 3 bedrooms and 1 bath. The building is fully leased, with one unit available for delivery vacant. Every unit is lead-paint certified, and the roof was replaced in 2021. On-site parking accommodates 3-4 vehicles, while coin-operated laundry provides an additional building amenity.

Located at 22 Melbourne St in Boston’s Dorchester area, the property is a four-minute walk from the Red Line. The surrounding location records a walk score of 86, a transit score of 67, and a bike score of 65.

Key Highlights

  • Three‑unit apartment building with three 3‑bedroom/1‑bath units
  • Fully leased, with one unit available for delivery vacant
  • Roof replaced in 2021

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Restaurant Skin Care Clinic Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,830
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Fully leased triplex with three-bedroom units, coin-operated laundry, and on-site parking near Red Line transit.
Where is this triplex located?
The property is located at 22 Melbourne Street Boston, MA.
What is the asking price?
The asking price for this property is $1,019,500.
What are key features of this property?
This property features: Three‑unit apartment building with three 3‑bedroom/1‑bath units; Fully leased, with one unit available for delivery vacant; Roof replaced in 2021
More about this property
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