Triplex with Three-Car
For Sale
$1,219,000
28 Haslet St, Boston, MA 02131
R3-zoned multifamily property near Roslindale Village, neighborhood amenities, and MBTA transit connections.
Property Size2,986 SF
Price / SF$408.24
Days on Market91
Property Features for 28 Haslet St
General Information
Standard status
Active
Size
2,986 SF
Total Parking Spaces
9
Property subtype
Multi-Family
Zoning
R3
Net Operating Income
$70,200
Taxes and HOA fees
Annual Taxes
$11,479
Building Details
Building Size
2,986 SF
Year Built
1920
Stories
3
Listing Agency:
www.HomeZu.com
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jun 4
Changed: Sep 2
Last Checked: Sep 1 at 3:38PM
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 www.HomeZu.com
Investment Insights
Based on property information with market context.
This 2,986-square-foot triplex, built in 1920, contains three residential units, each with three bedrooms and one full bathroom. Hardwood flooring extends throughout the units, while completed work includes exterior updates and renovated bathrooms. A three-car garage provides on-site parking and is also identified as suitable for ADU use.
Located at 28 Haslet St in Boston, the property is near Roslindale Village, with restaurants, shops, a public library, and parks within walking distance. Transit access includes MBTA bus routes, commuter rail service, and Forest Hills Station, with major roadways connecting to Boston and surrounding communities. The R3 zoning designation supports its multifamily classification.
Located at 28 Haslet St in Boston, the property is near Roslindale Village, with restaurants, shops, a public library, and parks within walking distance. Transit access includes MBTA bus routes, commuter rail service, and Forest Hills Station, with major roadways connecting to Boston and surrounding communities. The R3 zoning designation supports its multifamily classification.
Key Highlights
- Three‑unit multifamily property with 2,986 SF
- Each unit includes 3 bedrooms and 1 full bathroom
- Three‑car garage offers parking or ADU use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$75,454
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,509,080
$1.5M
Cap Rate 7%
$1,077,914
$1.1M
Cap Rate 9%
$838,378
$838.4K
Market Conditions
NOI Build-Up for 2,986 SF
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.
Gross rent
$112.9K $37.80/SF
− Vacancy
−$5.1K −$1.70/SF
EGI
$107.8K $36.10/SF
− OpEx
−$32.3K −$10.83/SF
NOI
$75.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,509,080
Cap Rate 7%
$1,077,914
Cap Rate 9%
$838,378
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$943.2K – $1.26M
NOI $75,454 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$1.00M
$876.8K – $1.17M
NOI $70,147 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,514 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,119
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - R3-zoned multifamily property near Roslindale Village, neighborhood amenities, and MBTA transit connections.
Where is this triplex located?
The property is located at 28 Haslet St Boston, MA.
What is the asking price?
The asking price for this property is $1,219,000.
What are key features of this property?
This property features: Three‑unit multifamily property with 2,986 SF; Each unit includes 3 bedrooms and 1 full bathroom; Three‑car garage offers parking or ADU use
