Three-Unit Brick
New
For Sale
$999,000
225 Washington St, Boston, MA 02121
Three residential apartments feature functional layouts in a brick building near commuter rail, public transportation, shopping, and dining.
Property Size2,520 SF
Days on Market2
Property Features for 225 Washington St
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Investment
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$13,687
Building Details
Building Size
2,520 SF
Year Built
2022
Stories
3
Units
3
Construction
brick
Listing Agency:
Block Realty
Listed By:
Niko Stafford · License #9555394
(774) 808-1091
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 8:57AM
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 Block Realty
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Investment Insights
Based on property information with market context.
Completed in 2022, this brick triplex contains three residential units within 2,520 square feet. The property has six bedrooms, three bathrooms, and nine rooms overall, with a functional layout in each apartment.
The building is at 225 Washington St in Boston’s Dorchester area, near the Four Corners/Geneva MBTA Commuter Rail station. Public transportation, shopping, dining, and major commuter routes are also nearby.
The building is at 225 Washington St in Boston’s Dorchester area, near the Four Corners/Geneva MBTA Commuter Rail station. Public transportation, shopping, dining, and major commuter routes are also nearby.
Key Highlights
- Three residential units in a brick building completed in 2022
- 2,520 square feet with 6 bedrooms, 3 bathrooms, and 9 rooms
- Near the Four Corners/Geneva MBTA Commuter Rail station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,679
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,273,580
$1.3M
Cap Rate 7%
$909,700
$909.7K
Cap Rate 9%
$707,544
$707.5K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$95.3K $37.80/SF
− Vacancy
−$4.3K −$1.70/SF
EGI
$91.0K $36.10/SF
− OpEx
−$27.3K −$10.83/SF
NOI
$63.7K $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%
$1,273,580
Cap Rate 7%
$909,700
Cap Rate 9%
$707,544
Alternative Uses
Best Use
Multifamily LT 5
$909.7K
$796.0K – $1.06M
NOI $63,679 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$845.7K
$740.0K – $986.7K
NOI $59,200 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,088 @ 7.0% cap · market cap 13.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,442
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
Frequently Asked Questions
What type of property is this?
Triplex - Three residential apartments feature functional layouts in a brick building near commuter rail, public transportation, shopping, and dining.
Where is this triplex located?
The property is located at 225 Washington St Boston, MA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Three residential units in a brick building completed in 2022; 2,520 square feet with 6 bedrooms, 3 bathrooms, and 9 rooms; Near the Four Corners/Geneva MBTA Commuter Rail station
