Triplex with Separate
23 Santuit Street Boston, MA 02124
23 Santuit Street, Boston, MA, 02124
$1,199,900
For Sale
$1,199,900
Three 5-room units with separate utilities, gas heat and cooking, hardwood flooring, and laundry hookups in a finished basement.
Property Size3,360 SF
Price / SF$357.11
Days on Market11
Property Features for 23 Santuit Street
General Information
- Standard status
- Active
- Size
- 3,360 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1905
Listing Agency
Keller Williams Realty
Listed by
Christine Do
(617) 236-0353
Source
Thecharlesrealty
Added: Jul 7 Checked: Jul 16 at 11:37 am
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This for-sale triplex features three residential units, each offering five rooms that include a living room, kitchen, and bathroom, with utilization designed for three bedrooms. The first-floor unit has the option to be transformed into a three-bedroom layout with the addition of a wall. Hardwood flooring runs throughout the units, with some vinyl replacement windows. The property includes separate utilities, gas heating and cooking, an updated PVC sewer waste line, and a finished basement that is clean and provides storage space, along with laundry connections.
The building is located within close walking distance to both Shawmut and Ashmont T-stations, nearby educational and community options including Pope John Paul Academy and Saint Marks Church, and several local amenities such as Via Cannuccia, park areas, restaurants, and surrounding conveniences.
The property is being sold in as-is condition.
The building is located within close walking distance to both Shawmut and Ashmont T-stations, nearby educational and community options including Pope John Paul Academy and Saint Marks Church, and several local amenities such as Via Cannuccia, park areas, restaurants, and surrounding conveniences.
The property is being sold in as-is condition.
Key Highlights
- Triple‑decker built in 1905 with three 5‑room units
- Each unit includes a living room, kitchen, and bathroom, with utilization for 3 bedrooms
- Separate utilities and gas heat and gas cooking for each unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $127.0k | $37.80 |
| − Vacancy | −$5.7k | −$1.70 |
| EGI | $121.3k | $36.10 |
| − OpEx | −$36.4k | −$10.83 |
| NOI | $84.9k | $25.27 |
3,360 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.21M
$1.06M – $1.42M
NOI $84,905 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$1.13M
$986.7K – $1.32M
NOI $78,933 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$2.52M
$2.20M – $2.94M
NOI $176,118 @ 7.0% cap · market cap 14.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Three 5-room units with separate utilities, gas heat and cooking, hardwood flooring, and laundry hookups in a finished basement.
Where is this triplex located?
The property is located at 23 Santuit Street Boston, MA.
What is the asking price?
The asking price for this property is $1,199,900.
What are key features of this property?
This property features: Triple‑decker built in 1905 with three 5‑room units; Each unit includes a living room, kitchen, and bathroom, with utilization for 3 bedrooms; Separate utilities and gas heat and gas cooking for each unit
