Six-Unit Multifamily
252-254 Magnolia Street Boston, MA 02121
For Sale
$1,999,000
Six residential units include five 3-bed/1-bath layouts and one 2-bed/1-bath unit with private outdoor space.
Property Size5,544 SF
Price / SF$360.57
Days on Market303
Property Features for 252-254 Magnolia Street
General Information
- Standard status
- Active
- Size
- 5,544 SF
- Property subtype
- Multi-family / 5-9 Family
Building Details
- Year Built
- 1899
Listing Agency:
EVO Real Estate Group, LLC
(617) 517-9755
Listed By:
Ashmael Brun · License #9564964
(617) 517-9755
Source:
Compass
Added: Sep 24, 2025
Changed: Jul 20
Last Checked: Jul 23 at 8:45AM
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 EVO Real Estate Group, LLC
Investment Insights
Based on property information with market context.
This six-unit multifamily property is configured with five 3-bedroom, 1-bath units and one 2-bedroom, 1-bath unit. The building offers tenant-favorable outdoor amenities, including private decks and a fenced backyard with direct access to an adjacent playground.
Located at 252–254 Magnolia Street in Boston, the property is described as minutes from the Four Corners/Geneva and Upham’s Corner commuter rail stations, supporting renter convenience. Nearby grocery stores, shops, and restaurants are also noted as contributing to local demand.
A video walkthrough/virtual tour is available for review.
Located at 252–254 Magnolia Street in Boston, the property is described as minutes from the Four Corners/Geneva and Upham’s Corner commuter rail stations, supporting renter convenience. Nearby grocery stores, shops, and restaurants are also noted as contributing to local demand.
A video walkthrough/virtual tour is available for review.
Key Highlights
- Six‑unit multifamily built in 1899 with 6 total baths and a full basement
- Unit mix: five 3‑bed/1‑bath units and one 2‑bed/1‑bath unit
- Fenced/enclosed property with a fenced backyard
Financial Insights For Apartment 5plus
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 | $246.2k | $44.40 |
| − Vacancy | −$9.4k | −$1.69 |
| EGI | $236.8k | $42.71 |
| − OpEx | −$106.6k | −$19.22 |
| NOI | $130.2k | $23.49 |
5,544 SF · lease $44.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.86M
$1.63M – $2.17M
NOI $130,240 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.15M
$3.63M – $4.84M
NOI $290,594 @ 7.0% cap · market cap 14.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Six residential units include five 3-bed/1-bath layouts and one 2-bed/1-bath unit with private outdoor space.
Where is this apartment building located?
The property is located at 252-254 Magnolia Street Boston, MA.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Six‑unit multifamily built in 1899 with 6 total baths and a full basement; Unit mix: five 3‑bed/1‑bath units and one 2‑bed/1‑bath unit; Fenced/enclosed property with a fenced backyard
