Four-Unit Multifamily
For Sale
$2,195,000
31-33 Lothrop St, Boston, MA 02135
Brighton multifamily asset with varied unit layouts, one vacant apartment, and existing tenancy.
Property Size4,779 SF
Price / SF$459.30
Days on Market107
Property Features for 31-33 Lothrop St
General Information
Standard status
Active
Size
4,779 SF
Property subtype
4 Family
Site & Location
Neighborhood
Brighton
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 5BR/3BA, 2 x 3BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$13,080
Building Details
Building Size
4,779 SF
Year Built
1910
Listing Agency:
Keller Williams Realty
Listed By:
Chris Kostopoulos Group
(208) 529-8888
Source:
Mgsgrouprealestate
Added: Jul 15
Changed: Oct 25
Last Checked: Oct 28 at 1:16PM
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
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Investment Insights
Based on property information with market context.
This four-unit multifamily property, built in 1910, contains 4,779 square feet across two five-bedroom apartments with three bathrooms each and two three-bedroom, one-bathroom units. One apartment is currently vacant, while the remaining units are occupied. The layout offers both an owner-occupancy option and flexibility for leasing the open unit.
The property is located near Boston Landing, which includes a commuter rail station, Stop & Shop, and The Stockyard Restaurant. Local bus service is available at Market & Lothrop, and the Mass Pike can be reached by car. The address is 31-33 Lothrop St, Boston, MA 02135.
The property is located near Boston Landing, which includes a commuter rail station, Stop & Shop, and The Stockyard Restaurant. Local bus service is available at Market & Lothrop, and the Mass Pike can be reached by car. The address is 31-33 Lothrop St, Boston, MA 02135.
Key Highlights
- Four‑unit property totaling 4,779 square feet
- Two 5‑bedroom, 3‑bathroom units
- Two 3‑bedroom, 1‑bathroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,762
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,415,240
$2.4M
Cap Rate 7%
$1,725,171
$1.7M
Cap Rate 9%
$1,341,800
$1.3M
Market Conditions
NOI Build-Up for 4,779 SF
Gross rent
$180.6K $37.80/SF
− Vacancy
−$8.1K −$1.70/SF
EGI
$172.5K $36.10/SF
− OpEx
−$51.8K −$10.83/SF
NOI
$120.8K $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%
$2,415,240
Cap Rate 7%
$1,725,171
Cap Rate 9%
$1,341,800
Alternative Uses
Best Use
Multifamily LT 5
$1.73M
$1.51M – $2.01M
NOI $120,762 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$1.60M
$1.40M – $1.87M
NOI $112,268 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$3.58M
$3.13M – $4.17M
NOI $250,496 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,661
Businesses Nearby
Explore this area
Business Placement
Demographics for 02135, MA
47,232
Population
22,519
Households
2.1
Avg Household Size
29
Median Age
71%
College-Educated
93%
High-School Grad
2.6 sq mi
ZIP Area
18,166
Density / Sq Mi
$88,208
Median Household Income
$57,124
Median Earnings
$2,179
Median Rent
$684,000
Median Home Value
Check the figures for this property
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?
Quadplex - Brighton multifamily asset with varied unit layouts, one vacant apartment, and existing tenancy.
Where is this quadplex located?
The property is located at 31-33 Lothrop St Boston, MA.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Four‑unit property totaling 4,779 square feet; Two 5‑bedroom, 3‑bathroom units; Two 3‑bedroom, 1‑bathroom units
