Triplex with Detached
New
For Sale
$2,600,000
260 Metropolitan Ave, Boston, MA 02131
Boston, MA
Property Size3,927 SF
Lot Size0.33 Acres
Price / SF$662.08
Days on Market3
Property Features for 260 Metropolitan Ave
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 5, Bedroom 4
Standard status
Active
Size
3,927 SF
Lot size
0.33 Acres
Building Details
Year built
1910
Listing Agency:
Engel & Volkers Newton · Engel & Völkers
(857) 297-2000
Listed By:
Eric Klein
Added: Oct 15
Changed: Oct 16
Last Checked: Oct 17 at 1:06PM
MLS# 73591350
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1910, this three-family property provides 3,927 square feet of living area across rooms with high ceilings and period details. A detached garage with loft space is also part of the property. The site encompasses 14,544 square feet, and the existing multifamily configuration may support further residential development or condominium conversion, subject to zoning and municipal approvals.
Restaurants, shops, and parks are nearby, with public transportation connecting the area to downtown Boston.
Restaurants, shops, and parks are nearby, with public transportation connecting the area to downtown Boston.
Key Highlights
- Three‑family property with 3,927 square feet of living area
- 14,544‑square‑foot lot
- Detached garage with loft space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,233
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,984,660
$2.0M
Cap Rate 7%
$1,417,614
$1.4M
Cap Rate 9%
$1,102,589
$1.1M
Market Conditions
NOI Build-Up for 3,927 SF
Gross rent
$148.4K $37.80/SF
− Vacancy
−$6.7K −$1.70/SF
EGI
$141.8K $36.10/SF
− OpEx
−$42.5K −$10.83/SF
NOI
$99.2K $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%
$1,984,660
Cap Rate 7%
$1,417,614
Cap Rate 9%
$1,102,589
Alternative Uses
Best Use
Multifamily LT 5
$1.42M
$1.24M – $1.65M
NOI $99,233 @ 7.0% cap · market cap 3.82%
Second Best
Apartment 5plus
$1.32M
$1.15M – $1.54M
NOI $92,253 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$2.94M
$2.57M – $3.43M
NOI $205,838 @ 7.0% cap · market cap 7.92%
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
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 three-family residence includes a detached garage with additional loft space.
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 3,927 square feet of living area; 14,544‑square‑foot lot; Detached garage with loft space
