Building Details

Year Built 1885

Buildings 1

Listing Agency: Compass

Listed By: The Goodrich Team Show Phone

Source: Highlandre

Added: Oct 10 Changed: Oct 16 Last Checked: Oct 16 at 9:10AM

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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

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Investment Insights

Based on property information with market context.

This 2,413-square-foot triplex contains three apartments. The first has one bedroom, one bathroom, central A/C, and renovations completed in 2020. Each of the other two apartments has two bedrooms and one bathroom. An enclosed patio and an updated roof deck add to the building’s existing features, while updated systems support the property’s current configuration. The building dates to 1885.

Located at 25 Allston Street in Boston’s Charlestown neighborhood, the property is minutes from local destinations. Utilities are separately metered for each of the three units.

Key Highlights

• Three apartments: one 1‑bedroom/1‑bath unit and two 2‑bedroom/1‑bath units
• 2,413 square feet; built in 1885
• Unit 1 has central A/C and was renovated in 2020

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$60,975

Cap Rate

4.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,219,500 $1.2M

Cap Rate 7%

$871,071 $871.1K

Cap Rate 9%

$677,500 $677.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,413 SF

Gross rent

$91.2K $37.80/SF

− Vacancy

−$4.1K −$1.70/SF

EGI

$87.1K $36.10/SF

− OpEx

−$26.1K −$10.83/SF

NOI

$61.0K $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%

$1,219,500

Cap Rate 7%

$871,071

Cap Rate 9%

$677,500

Alternative Uses

Best Use

Multifamily LT 5

$871.1K

$762.2K – $1.02M (±1% cap)

NOI $60,975 @ 7.0% cap · market cap 4.07%

Second Best

Apartment 5plus

$809.8K

$708.6K – $944.8K (±1% cap)

NOI $56,686 @ 7.0% cap · market cap 3.78%

Theoretical Best

Office A

$1.81M

$1.58M – $2.11M (±1% cap)

NOI $126,480 @ 7.0% cap · market cap 8.44%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Dental Office Hair Salon Nail Salon Spa & Massage Center Pharmacy Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

1,616

Businesses Nearby

Explore this area Business Placement

Demographics for 02129, MA

19,120

Population

9,987

Households

1.9

Avg Household Size

36

Median Age

71%

College-Educated

94%

High-School Grad

1.4 sq mi

ZIP Area

13,657

Density / Sq Mi

$157,192

Median Household Income

$101,310

Median Earnings

$2,258

Median Rent

$926,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Three separately metered residences include a renovated one-bedroom unit and two larger apartments suited to further updating.

Where is this triplex located?

The property is located at 25 Allston Street Boston, MA.

What is the asking price?

The asking price for this property is $1,499,000.

What are key features of this property?

This property features: Three apartments: one 1‑bedroom/1‑bath unit and two 2‑bedroom/1‑bath units; 2,413 square feet; built in 1885; Unit 1 has central A/C and was renovated in 2020