Vacant Renovated Triple-Decker
For Sale
$1,249,000
22 Rowell St, Boston, MA 02125
Turnkey triple-decker with vacant, recently renovated Units 1 and 2 and an updated unit configuration.
Property Size3,432 SF
Days on Market98
Property Features for 22 Rowell St
General Information
Standard status
Active
Size
3,432 SF
Property subtype
Multifamily
Site & Location
Neighborhood
Dorchester
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$12,843
Building Details
Building Size
3,432 SF
Year Built
1920
Stories
3
Tenancy
Multi
Listing Agency:
MIG
Listed By:
Nichols Realty Team
(617) 997-4963
Source:
Classifiedrealtygroup
Added: Jul 20
Changed: Oct 18
Last Checked: Oct 24 at 2:10PM
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 MIG
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Investment Insights
Based on property information with market context.
This classic triple-decker offers three residential units and presents a turnkey setup for an owner-occupant or investor. Units 1 and 2 are currently vacant and have been recently renovated, and both include stainless steel appliances. Unit 2 features a modern open layout, while Unit 3 is described as offering a more traditional presentation and city views.
Located at 22 Rowell St in Boston, the property is described as a short walk to the Red Line, minutes to downtown Boston, and steps from local dining.
As presented, the building combines renovated, move-in-ready space on two levels with a third unit characterized by traditional style and city views. The property is offered for sale.
Located at 22 Rowell St in Boston, the property is described as a short walk to the Red Line, minutes to downtown Boston, and steps from local dining.
As presented, the building combines renovated, move-in-ready space on two levels with a third unit characterized by traditional style and city views. The property is offered for sale.
Key Highlights
- 1920‑built triple‑decker with a long‑term rental history
- Units 1 and 2 are vacant and recently renovated
- Units 1 and 2 feature sleek stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,724
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,734,480
$1.7M
Cap Rate 7%
$1,238,914
$1.2M
Cap Rate 9%
$963,600
$963.6K
Market Conditions
NOI Build-Up for 3,432 SF
Gross rent
$129.7K $37.80/SF
− Vacancy
−$5.8K −$1.70/SF
EGI
$123.9K $36.10/SF
− OpEx
−$37.2K −$10.83/SF
NOI
$86.7K $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%
$1,734,480
Cap Rate 7%
$1,238,914
Cap Rate 9%
$963,600
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.08M – $1.45M
NOI $86,724 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,625 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $179,892 @ 7.0% cap · market cap 14.40%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,747
Businesses Nearby
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Business Placement
Demographics for 02125, MA
34,926
Population
14,999
Households
2.3
Avg Household Size
32
Median Age
42%
College-Educated
87%
High-School Grad
2.2 sq mi
ZIP Area
15,875
Density / Sq Mi
$71,810
Median Household Income
$52,106
Median Earnings
$1,897
Median Rent
$645,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Turnkey triple-decker with vacant, recently renovated Units 1 and 2 and an updated unit configuration.
Where is this triplex located?
The property is located at 22 Rowell St Boston, MA.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: 1920‑built triple‑decker with a long‑term rental history; Units 1 and 2 are vacant and recently renovated; Units 1 and 2 feature sleek stainless steel appliances
