Turn-Key Renovated
241-243 E Street Boston, MA 02127
241-243 E Street, Boston, MA, 02127
$3,500,000
For Sale
$3,500,000
Fully renovated in 2023 with finished basement coin laundry, plus in-unit laundry in Unit 1 and four rented rear parking spaces.
Property Size4,200 SF
Price / SF$833.33
Days on Market111
Property Features for 241-243 E Street
General Information
- Standard status
- Active
- Size
- 4,200 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1930
Listing agency
Coldwell Banker Realty - Dorchester
Listed by
Anne Galvin
(781) 878-2478
Source
Trufantre
Added: Apr 3 Updated: Jul 21 at 7:49AM Checked: Jul 21 at 7:49AM
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 Coldwell Banker Realty - Dorchester
Investment Insights
Based on property information with market context.
This fully renovated quadplex was completed in 2023 and offered as a turn-key investment. The property includes a finished basement with coin-operated laundry, and Unit 1 also has in-unit laundry. Additional income is supported by four rear parking spaces that are currently rented separately from the units.
Located near public transportation and popular bars and restaurants, the building is designed for tenant convenience and day-to-day accessibility.
Rental income is supported by an additional scheduled increase on September 1, 2026, providing a defined step-up to the existing rent roll.
Located near public transportation and popular bars and restaurants, the building is designed for tenant convenience and day-to-day accessibility.
Rental income is supported by an additional scheduled increase on September 1, 2026, providing a defined step-up to the existing rent roll.
Key Highlights
- Fully renovated building completed in 2023 (Year built 1930)
- Finished basement includes coin‑operated laundry
- In‑unit laundry in Unit 1
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 | $158.8k | $37.80 |
| − Vacancy | −$7.1k | −$1.70 |
| EGI | $151.6k | $36.10 |
| − OpEx | −$45.5k | −$10.83 |
| NOI | $106.1k | $25.27 |
4,200 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.52M
$1.33M – $1.77M
NOI $106,131 @ 7.0% cap · market cap 3.03%
Second Best
Apartment 5plus
$1.41M
$1.23M – $1.64M
NOI $98,667 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$3.14M
$2.75M – $3.67M
NOI $220,147 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully renovated in 2023 with finished basement coin laundry, plus in-unit laundry in Unit 1 and four rented rear parking spaces.
Where is this quadplex located?
The property is located at 241-243 E Street Boston, MA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Fully renovated building completed in 2023 (Year built 1930); Finished basement includes coin‑operated laundry; In‑unit laundry in Unit 1
