Brick Triplex With
For Sale
$1,099,000
247 Washington St, Boston, MA 02121
Vacant three-unit property with refreshed interiors, rear outdoor space, and a walkout basement.
Property Size2,460 SF
Days on Market53
Property Features for 247 Washington St
General Information
Standard status
Active
Size
2,460 SF
Property subtype
3 Family
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$11,161
Amenities
rear yard
updated rear decks
updated kitchens
hardwood floors
high ceilings
Building Details
Building Size
2,460 SF
Year Built
1890
Construction
brick rowhouse
Listing Agency:
Olde Towne Real Estate Co.
Listed By:
Douglas Bosse · License #9008583
(617) 201-6838
Source:
Madelyngarciarealestate
Added: Aug 26
Changed: Oct 14
Last Checked: Oct 16 at 5:14PM
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 Olde Towne Real Estate Co.
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Investment Insights
Based on property information with market context.
Built in 1890, this brick rowhouse contains three vacant residential units arranged for multifamily ownership or an owner-occupancy strategy. Each unit features a renovated kitchen, hardwood flooring, tall ceilings, and lead paint compliance certificates. The property also includes a full walkout basement, updated rear decks, a rear yard, and at least two parking spaces.
Located at 247 Washington St in Boston, Massachusetts, the building combines period construction with practical updates across the units. Its vacant status allows the next owner to establish occupancy and management plans without an existing residential tenancy in place.
Located at 247 Washington St in Boston, Massachusetts, the building combines period construction with practical updates across the units. Its vacant status allows the next owner to establish occupancy and management plans without an existing residential tenancy in place.
Key Highlights
- Three‑unit brick rowhouse built in 1890
- At least 2 parking spaces plus a rear yard
- Updated kitchens, hardwood floors, and high ceilings in all 3 units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,162
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,243,240
$1.2M
Cap Rate 7%
$888,029
$888.0K
Cap Rate 9%
$690,689
$690.7K
Market Conditions
NOI Build-Up for 2,460 SF
Gross rent
$93.0K $37.80/SF
− Vacancy
−$4.2K −$1.70/SF
EGI
$88.8K $36.10/SF
− OpEx
−$26.6K −$10.83/SF
NOI
$62.2K $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%
$1,243,240
Cap Rate 7%
$888,029
Cap Rate 9%
$690,689
Alternative Uses
Best Use
Multifamily LT 5
$888.0K
$777.0K – $1.04M
NOI $62,162 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$825.6K
$722.4K – $963.2K
NOI $57,790 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,943 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,385
Businesses Nearby
Explore this area
Business Placement
Demographics for 02121, MA
28,766
Population
11,384
Households
2.5
Avg Household Size
33
Median Age
21%
College-Educated
75%
High-School Grad
1.9 sq mi
ZIP Area
15,140
Density / Sq Mi
$38,565
Median Household Income
$33,700
Median Earnings
$1,316
Median Rent
$548,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Vacant three-unit property with refreshed interiors, rear outdoor space, and a walkout basement.
Where is this triplex located?
The property is located at 247 Washington St Boston, MA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Three‑unit brick rowhouse built in 1890; At least 2 parking spaces plus a rear yard; Updated kitchens, hardwood floors, and high ceilings in all 3 units
