Updated Triplex with
For Sale
$1,099,999
Pending
3 Arion St, Boston, MA 02125
Three residential units feature refreshed interiors and upgraded electrical service.
Property Size3,084 SF
Days on Market56
Property Features for 3 Arion St
General Information
Standard status
Pending
Size
3,084 SF
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,035
Amenities
decks
Building Details
Building Size
3,084 SF
Year Built
1905
Buildings
1
Construction
triple Decker
Listing Agency:
JDS Realty Group
Listed By:
Dennis Oliveira
(781) 331-3160
Source:
Classifiedrealtygroup
Added: Aug 12
Changed: Oct 5
Last Checked: Oct 5 at 3:50PM
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 JDS Realty Group
Investment Insights
Based on property information with market context.
Built in 1905, this three-unit triplex includes 9 bedrooms and 3 bathrooms. Each residence has an updated kitchen and bathroom, refinished flooring, and a deck. The property also benefits from new electrical service and unit panels.
Located at 3 Arion St in Boston’s Uphams Corner, the building is near shopping, restaurants, and public transportation, with highway access nearby. WalkScore is 69, TransitScore is 74, and BikeScore is 56, providing a range of transportation options around the property.
Located at 3 Arion St in Boston’s Uphams Corner, the building is near shopping, restaurants, and public transportation, with highway access nearby. WalkScore is 69, TransitScore is 74, and BikeScore is 56, providing a range of transportation options around the property.
Key Highlights
- Three‑unit triplex with 9 bedrooms and 3 bathrooms
- Updated kitchens and bathrooms in all units
- Refinished flooring and decks throughout the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,931
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,558,620
$1.6M
Cap Rate 7%
$1,113,300
$1.1M
Cap Rate 9%
$865,900
$865.9K
Market Conditions
NOI Build-Up for 3,084 SF
Gross rent
$116.6K $37.80/SF
− Vacancy
−$5.2K −$1.70/SF
EGI
$111.3K $36.10/SF
− OpEx
−$33.4K −$10.83/SF
NOI
$77.9K $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%
$1,558,620
Cap Rate 7%
$1,113,300
Cap Rate 9%
$865,900
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$974.1K – $1.30M
NOI $77,931 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$1.03M
$905.6K – $1.21M
NOI $72,449 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$2.31M
$2.02M – $2.69M
NOI $161,651 @ 7.0% cap · market cap 14.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,917
Businesses Nearby
Explore this area
Business Placement
Demographics for 02125, MA
34,926
Population
14,999
Households
2.3
Avg Household Size
32
Median Age
42%
College-Educated
87%
High-School Grad
2.2 sq mi
ZIP Area
15,875
Density / Sq Mi
$71,810
Median Household Income
$52,106
Median Earnings
$1,897
Median Rent
$645,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units feature refreshed interiors and upgraded electrical service.
Where is this triplex located?
The property is located at 3 Arion St Boston, MA.
What is the asking price?
The asking price for this property is $1,099,999.
What are key features of this property?
This property features: Three‑unit triplex with 9 bedrooms and 3 bathrooms; Updated kitchens and bathrooms in all units; Refinished flooring and decks throughout the units
