Four-Family Multifamily
31-33 Lothrop Street Boston, MA 02135
31-33 Lothrop Street, Boston, MA, 02135
$2,500,000
For Sale
$2,500,000
Four-unit quadplex with two 5-bedroom/3-bath units and two 3-bedroom/1-bath units, including one vacant unit.
Property Size4,779 SF
Price / SF$523.12
Days on Market9
Property Features for 31-33 Lothrop Street
General Information
- Standard status
- Active
- Size
- 4,779 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
Keller Williams Realty
Listed by
Chris Kostopoulos Group
(617) 799-5818
Source
Oldeforgerealty
Added: Jul 13 Updated: Jul 18 at 2:19AM Checked: Jul 21 at 9:16AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This four-family quadplex offers two larger units and two smaller units. There are two 5-bedroom, 3-bath units and two 3-bedroom, 1-bath units. One unit is vacant and available for an owner-occupant or immediate rent generation, while the remaining units are occupied and continue to provide rental income.
Located in Brighton, the property is within a short walk of Boston Landing, home to the commuter rail station and Stop & Shop. The Stockyard Restaurant is also nearby, and local bus lines are steps away at Market & Lothrop. Access to the Mass Pike is described as a quick drive from the property.
The building’s current configuration provides a mix of unit sizes, offering flexibility for buyers seeking both immediate occupancy continuity and the ability to position the vacant unit for the next phase of operations.
Located in Brighton, the property is within a short walk of Boston Landing, home to the commuter rail station and Stop & Shop. The Stockyard Restaurant is also nearby, and local bus lines are steps away at Market & Lothrop. Access to the Mass Pike is described as a quick drive from the property.
The building’s current configuration provides a mix of unit sizes, offering flexibility for buyers seeking both immediate occupancy continuity and the ability to position the vacant unit for the next phase of operations.
Key Highlights
- 4‑family quadplex built in 1910 with two 5‑bedroom/3‑bath units and two 3‑bedroom/1‑bath units
- Includes one vacant unit, available for owner‑occupancy or for immediate rent growth
- Three‑bedroom units each include 1 bath; 5‑bedroom units each include 3 baths
Local Financial Insights For Multifamily LT 5
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 | $180.6k | $37.80 |
| − Vacancy | −$8.1k | −$1.70 |
| EGI | $172.5k | $36.10 |
| − OpEx | −$51.8k | −$10.83 |
| NOI | $120.8k | $25.27 |
4,779 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.73M
$1.51M – $2.01M
NOI $120,762 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$1.60M
$1.40M – $1.87M
NOI $112,268 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$3.58M
$3.13M – $4.17M
NOI $250,496 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit quadplex with two 5-bedroom/3-bath units and two 3-bedroom/1-bath units, including one vacant unit.
Where is this quadplex located?
The property is located at 31-33 Lothrop Street Boston, MA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 4‑family quadplex built in 1910 with two 5‑bedroom/3‑bath units and two 3‑bedroom/1‑bath units; Includes one vacant unit, available for owner‑occupancy or for immediate rent growth; Three‑bedroom units each include 1 bath; 5‑bedroom units each include 3 baths
