Triplex with Duplex
24 Farrington Ave, Boston, MA 02134
For Sale
New
$2,299,000
All three apartments are leased through August 31, 2027, with a mix of three- and five-bedroom layouts.
Property Size3,285 SF
Price / SF$699.85
Days on Market4
Property Features for 24 Farrington Ave
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Site & Location
Neighborhood
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Gross Income
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
coin-operated laundry
front porch
Building Details
Building Size
Year Built
Buildings
Stories
Units
Construction
Tenancy
Listing Agency:
Jacob Realty, LLC
(617) 208-2111
Listed By:
Connor Nelson
(617) 352-1413
Source:
Bostoniaproperties
Added: Nov 4
Changed: Nov 7
Last Checked: Nov 7 at 5:11AM
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 Jacob Realty, LLC
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Investment Insights
Based on property information with market context.
This 3,285-square-foot Allston triplex contains three apartments: a five-bedroom, two-bath duplex and two three-bedroom, one-bath units. Recent work includes updated kitchens and bathrooms, refinished hardwood flooring, a new rubber roof with commercial gutters draining to a drywell, and a front porch. Vinyl siding and large closets with additional storage are also present. The building was constructed in 1890 and is zoned R3.
The apartments are leased through August 31, 2027. Harvard Avenue, Boston University, Harvard’s Allston campus, the Green Line B branch at Packard’s Corner, and bus routes are nearby. Electric and gas are separately metered and paid by tenants; the owner covers water. Gas on-demand Rinnai water heaters serve the apartments, and coin-operated laundry provides an additional income source.
The apartments are leased through August 31, 2027. Harvard Avenue, Boston University, Harvard’s Allston campus, the Green Line B branch at Packard’s Corner, and bus routes are nearby. Electric and gas are separately metered and paid by tenants; the owner covers water. Gas on-demand Rinnai water heaters serve the apartments, and coin-operated laundry provides an additional income source.
Key Highlights
- Three apartments: one 5BR/2BA duplex and two 3BR/1BA units
- 3,285 SF building on an R3‑zoned lot
- All units leased through 8/31/2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,010
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,660,200
$1.7M
Cap Rate 7%
$1,185,857
$1.2M
Cap Rate 9%
$922,333
$922.3K
Market Conditions
NOI Build-Up for 3,285 SF
Gross rent
$124.2K $37.80/SF
− Vacancy
−$5.6K −$1.70/SF
EGI
$118.6K $36.10/SF
− OpEx
−$35.6K −$10.83/SF
NOI
$83.0K $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%
$1,660,200
Cap Rate 7%
$1,185,857
Cap Rate 9%
$922,333
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.04M – $1.38M
NOI $83,010 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$1.10M
$964.6K – $1.29M
NOI $77,171 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,187 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,539
Businesses Nearby
Explore this area
Business Placement
Demographics for 02134, MA
21,707
Population
9,027
Households
2.4
Avg Household Size
27
Median Age
76%
College-Educated
96%
High-School Grad
1.2 sq mi
ZIP Area
18,089
Density / Sq Mi
$75,317
Median Household Income
$49,275
Median Earnings
$2,269
Median Rent
$586,700
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Boston, MA
Properties on Market for Triplexes in Boston
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three apartments are leased through August 31, 2027, with a mix of three- and five-bedroom layouts.
Where is this triplex located?
The property is located at 24 Farrington Ave Boston, MA.
What is the asking price?
The asking price for this property is $2,299,000.
What are key features of this property?
This property features: Three apartments: one 5BR/2BA duplex and two 3BR/1BA units; 3,285 SF building on an R3‑zoned lot; All units leased through 8/31/2027
