Renovated Three-Unit Multifamily
24 Buttonwood Street Boston, MA 02125
24 Buttonwood Street, Boston, MA, 02125
$2,050,000
For Sale
$2,050,000
Three fully renovated units, each with 3BR/2BA, central air, and private back decks; basement laundry.
Property Size3,396 SF
Price / SF$603.65
Days on Market328
Property Features for 24 Buttonwood Street
General Information
- Standard status
- Active
- Size
- 3,396 SF
- Property subtype
- Multi-family / 3 Family - 3 Units Up/Down
Building Details
- Year Built
- 1920
Listing agency
Compass
(203) 893-8316
Listed by
Mission Realty Advisors
(203) 893-8316
Source
Compass
Added: Aug 30, 2025 Updated: Jul 21 at 2:25AM Checked: Jul 22 at 9:02AM
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 Compass
Investment Insights
Based on property information with market context.
This renovated three-unit multifamily at 24 Buttonwood Street was fully updated in 2021 and offers a turn-key setup for investors or owner-occupants. Each unit features three bedrooms and two full bathrooms, along with gleaming hardwood floors, shaker-style cabinetry, stainless steel appliances, and central air conditioning. In addition to a private back deck, each apartment benefits from separate laundry located in the basement.
The property is situated in the Savin Hill area of Dorchester, approximately 0.2 miles from the JFK/UMass Red Line T stop for convenient access to downtown Boston and Cambridge. All three units are currently leased through August 2026, supporting immediate rental income. The offering information includes a stated cap rate of 6.1%.
The property is situated in the Savin Hill area of Dorchester, approximately 0.2 miles from the JFK/UMass Red Line T stop for convenient access to downtown Boston and Cambridge. All three units are currently leased through August 2026, supporting immediate rental income. The offering information includes a stated cap rate of 6.1%.
Key Highlights
- Three‑unit multi‑family fully renovated in 2021
- Each unit features 3 bedrooms and 2 full bathrooms (3BR/2BA per unit)
- Central air conditioning throughout and insulated windows
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 | $128.4k | $37.80 |
| − Vacancy | −$5.8k | −$1.70 |
| EGI | $122.6k | $36.10 |
| − OpEx | −$36.8k | −$10.83 |
| NOI | $85.8k | $25.27 |
3,396 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.23M
$1.07M – $1.43M
NOI $85,815 @ 7.0% cap · market cap 4.19%
Second Best
Apartment 5plus
$1.14M
$997.2K – $1.33M
NOI $79,779 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$2.54M
$2.23M – $2.97M
NOI $178,005 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three fully renovated units, each with 3BR/2BA, central air, and private back decks; basement laundry.
Where is this triplex located?
The property is located at 24 Buttonwood Street Boston, MA.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: Three‑unit multi‑family fully renovated in 2021; Each unit features 3 bedrooms and 2 full bathrooms (3BR/2BA per unit); Central air conditioning throughout and insulated windows
