Brick
New
For Sale
$999,000
225 Washington Street, Boston, MA 02121
Three residences offer an owner-occupant the option to generate rental income.
Property Size2,520 SF
Days on Market4
Property Features for 225 Washington Street
General Information
Standard status
Active
Size
2,520 SF
Property subtype
3 Family - 3 Units Up/Down
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
Construction
brick
Listing Agency:
Block Realty
Listed By:
Niko Stafford · License #9555394
(774) 808-1091
Source:
Nerealtyco
Added: Oct 14
Changed: Oct 17
Last Checked: Oct 16 at 1:02PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2022, this brick triplex at 225 Washington Street contains 2,520 square feet across three residential units. The property has 9 rooms, including 6 bedrooms and 3 bathrooms. Unit layouts are described as functional for contemporary living, and the configuration allows for rental income or owner occupancy.
The property is near the Four Corners/Geneva MBTA Commuter Rail station, along with shopping, dining, public transportation, and major commuter routes.
The property is near the Four Corners/Geneva MBTA Commuter Rail station, along with shopping, dining, public transportation, and major commuter routes.
Key Highlights
- Three residential units with 6 bedrooms and 3 bathrooms
- 2,520 square feet across 9 rooms
- Built in 2022 with brick construction
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
637
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences offer an owner-occupant the option to generate rental income.
Where is this triplex located?
The property is located at 225 Washington Street 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 with 6 bedrooms and 3 bathrooms; 2,520 square feet across 9 rooms; Built in 2022 with brick construction
