Residential Income
For Sale
$853,600
23 E Cottage St, Boston, MA 02125
Income-oriented residential asset with strong walk, bike, and transit accessibility.
Property Size2,757 SF
Days on Market185
Property Features for 23 E Cottage St
General Information
Standard status
Active
Size
2,757 SF
Property subtype
Investment
Site & Location
Neighborhood
Dorchester
Taxes and HOA fees
Annual Taxes
$7,452
Building Details
Building Size
2,757 SF
Year Built
1895
Stories
3
Units
3
Listed By:
Michael Lange
(617) 216-5552
Source:
Elliman
Added: Apr 24
Changed: Oct 16
Last Checked: Oct 24 at 4:48PM
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 Michael Lange
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Investment Insights
Based on property information with market context.
This residential income property is located at 23 E Cottage St in Boston, Massachusetts. The building dates to 1895 and is currently occupied, with advance notice required for showings.
The property offers convenient multimodal access, recording a walk score of 77, a bike score of 78, and a transit score of 92. The transit rating identifies the location as Rider’s Paradise, while the bike rating is Very Bikeable and the walk rating is Very Walkable.
The property offers convenient multimodal access, recording a walk score of 77, a bike score of 78, and a transit score of 92. The transit rating identifies the location as Rider’s Paradise, while the bike rating is Very Bikeable and the walk rating is Very Walkable.
Key Highlights
- Residential income property at 23 E Cottage St, Boston, MA 02125
- Building constructed in 1895
- Currently occupied; advance notice required for showings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,768
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,295,360
$1.3M
Cap Rate 7%
$925,257
$925.3K
Cap Rate 9%
$719,644
$719.6K
Market Conditions
NOI Build-Up for 2,757 SF
Gross rent
$122.4K $44.40/SF
− Vacancy
−$4.7K −$1.69/SF
EGI
$117.8K $42.71/SF
− OpEx
−$53.0K −$19.22/SF
NOI
$64.8K $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%
$1,295,360
Cap Rate 7%
$925,257
Cap Rate 9%
$719,644
Alternative Uses
Best Use
Apartment 5plus
$925.3K
$809.6K – $1.08M
NOI $64,768 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.06M
$1.81M – $2.41M
NOI $144,511 @ 7.0% cap · market cap 16.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,877
Businesses Nearby
Explore this area
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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Frequently Asked Questions
What type of property is this?
Residential income property - Income-oriented residential asset with strong walk, bike, and transit accessibility.
Where is this residential income property located?
The property is located at 23 E Cottage St Boston, MA.
What is the asking price?
The asking price for this property is $853,600.
What are key features of this property?
This property features: Residential income property at 23 E Cottage St, Boston, MA 02125; Building constructed in 1895; Currently occupied; advance notice required for showings
