Six-Unit Multifamily
For Sale
$1,849,000
252-254 Magnolia Street, Boston, MA 02121
Six-unit building with five 3 bed/1 bath units and one 2 bed/1 bath unit.
Property Size5,544 SF
Price / SF$333.51
Days on Market303
Property Features for 252-254 Magnolia Street
General Information
Standard status
Active
Size
5,544 SF
Property subtype
Multi-family
Additional Details
Fenced Yard
Yes
Multifamily Units
6
Amenities
private decks
fenced backyard
adjacent playground
Building Details
Year Built
1899
Tenancy
Multi
Listing Agency:
EVO Real Estate Group,LLC
(857) 249-2824
Listed By:
Ashmael Brun · License #9564964
Source:
Elevatedboston
Added: Oct 2, 2025
Changed: Jul 26
Last Checked: Jul 30 at 5:52PM
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 offers a mix of five 3-bedroom, 1-bath units and one 2-bedroom, 1-bath unit. The property includes private decks and a fenced backyard, with direct access to an adjacent playground, creating practical outdoor space for residents.
Located in Dorchester, the building is described as minutes from the Four Corners/Geneva and Upham’s Corner commuter rail stations. Nearby grocery stores, shops, and restaurants are noted as supporting the area’s rental demand.
Presented for sale as an income-focused opportunity, the property is positioned for buyers interested in adding value through cosmetic updates and other strategic improvements. A video walkthrough/virtual tour is available.
Located in Dorchester, the building is described as minutes from the Four Corners/Geneva and Upham’s Corner commuter rail stations. Nearby grocery stores, shops, and restaurants are noted as supporting the area’s rental demand.
Presented for sale as an income-focused opportunity, the property is positioned for buyers interested in adding value through cosmetic updates and other strategic improvements. A video walkthrough/virtual tour is available.
Key Highlights
- Six‑unit multifamily built in 1899 with five 3 bed/1 bath units and one 2 bed/1 bath unit
- Value‑add potential noted: increase cash flow through cosmetic updates and strategic improvements
- Private decks plus a fenced backyard for tenant outdoor space
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 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.15M
$3.63M – $4.84M
NOI $290,594 @ 7.0% cap · market cap 15.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,737
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit building with five 3 bed/1 bath units and one 2 bed/1 bath unit.
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 $1,849,000.
What are key features of this property?
This property features: Six‑unit multifamily built in 1899 with five 3 bed/1 bath units and one 2 bed/1 bath unit; Value‑add potential noted: increase cash flow through cosmetic updates and strategic improvements; Private decks plus a fenced backyard for tenant outdoor space
