Three-Unit Triplex with
New
For Sale
$2,600,000
260 Metropolitan Ave, Boston, MA 02131
A detached garage with loft space adds storage and utility to this multi-family property.
Property Size3,927 SF
Lot Size0.33 Acres
Price / SF$650
Days on Market2
Property Features for 260 Metropolitan Ave
General Information
Standard status
Active
Size
3,927 SF
Lot size
0.33 Acres
Property subtype
Investment
Additional Details
Road Access
Yes
Land Use
residential
Taxes and HOA fees
Annual Taxes
$13,679
Building Details
Building Size
3,927 SF
Year Built
1910
Stories
3
Units
3
Tenancy
Multi
Listed By:
Eric Klein
(617) 438-1971
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:29PM
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 Eric Klein
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Investment Insights
Based on property information with market context.
At 260 Metropolitan Avenue, this three-family property offers nearly 4,000 square feet of living space, with high ceilings, generous rooms, and period details. The 14,544-square-foot lot also includes a detached garage with loft space and city views. The property was built in 1910.
Restaurants, shops, and parks are nearby, and public transportation connects the area with downtown Boston. Walk Score is 89, Bike Score is 70, and Transit Score is 58.
Restaurants, shops, and parks are nearby, and public transportation connects the area with downtown Boston. Walk Score is 89, Bike Score is 70, and Transit Score is 58.
Key Highlights
- Three‑family property with nearly 4,000 square feet of living space
- 14,544‑square‑foot lot
- Detached garage with loft space and city views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,077
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,021,540
$2.0M
Cap Rate 7%
$1,443,957
$1.4M
Cap Rate 9%
$1,123,078
$1.1M
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$151.2K $37.80/SF
− Vacancy
−$6.8K −$1.70/SF
EGI
$144.4K $36.10/SF
− OpEx
−$43.3K −$10.83/SF
NOI
$101.1K $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%
$2,021,540
Cap Rate 7%
$1,443,957
Cap Rate 9%
$1,123,078
Alternative Uses
Best Use
Multifamily LT 5
$1.44M
$1.26M – $1.68M
NOI $101,077 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$1.34M
$1.17M – $1.57M
NOI $93,968 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$3.00M
$2.62M – $3.49M
NOI $209,664 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
Explore this area
Business Placement
Demographics for 02131, MA
30,544
Population
13,264
Households
2.3
Avg Household Size
39
Median Age
52%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
10,909
Density / Sq Mi
$109,237
Median Household Income
$65,268
Median Earnings
$1,999
Median Rent
$634,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A detached garage with loft space adds storage and utility to this multi-family property.
Where is this triplex located?
The property is located at 260 Metropolitan Ave Boston, MA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Three‑family property with nearly 4,000 square feet of living space; 14,544‑square‑foot lot; Detached garage with loft space and city views
