3-Unit Apartment Building with Off-Street
31 Middleton, Boston, MA 02124
For Sale
New
$1,199,000
Each apartment has three bedrooms, a separate dining room, and in-unit laundry or pantry space.
Property Size4,557 SF
Days on Market5
Property Features for 31 Middleton
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
hardwood floors
high ceilings
in-unit laundry/pantry space
off-street parking
Building Details
Building Size
Year Built
Listing Agency:
Elevate Realty
Listed By:
Vanessa Duguerre · License MA #449592361
(857) 205-8252
Source:
Jonathanradford
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 9:24AM
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 Elevate Realty
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Investment Insights
Based on property information with market context.
This 4,557-square-foot triplex, built in 1905, contains three apartments, each with three bedrooms and one bathroom. The layouts include a large kitchen, separate dining room, living room, hardwood floors, high ceilings, and in-unit laundry or pantry space. Deleaded certificates are in place for units 2 and 3. Windows on the first floor were recently replaced; additional second-floor windows will be provided, with installation handled by the new owner. The basement offers potential for storage or other improvements, subject to buyer due diligence.
Unit 1 will be vacant at delivery. Unit 2 is occupied under a month-to-month arrangement, and Unit 3 is leased through April 30, 2027. Off-street parking is available.
Unit 1 will be vacant at delivery. Unit 2 is occupied under a month-to-month arrangement, and Unit 3 is leased through April 30, 2027. Off-street parking is available.
Key Highlights
- Three apartments, each with 3 bedrooms and 1 bathroom
- 4,557 square feet; built in 1905
- Hardwood floors, high ceilings, separate dining rooms, and in‑unit laundry or pantry space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,053
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,141,060
$2.1M
Cap Rate 7%
$1,529,329
$1.5M
Cap Rate 9%
$1,189,478
$1.2M
Market Conditions
NOI Build-Up for 4,557 SF
Gross rent
$202.3K $44.40/SF
− Vacancy
−$7.7K −$1.69/SF
EGI
$194.6K $42.71/SF
− OpEx
−$87.6K −$19.22/SF
NOI
$107.1K $23.49/SF
Area
Boston, MA
Vacancy
3.80%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,141,060
Cap Rate 7%
$1,529,329
Cap Rate 9%
$1,189,478
Alternative Uses
Best Use
Multifamily LT 5
$1.65M
$1.44M – $1.92M
NOI $115,152 @ 7.0% cap · market cap 9.60%
Second Best
Apartment 5plus
$1.53M
$1.34M – $1.78M
NOI $107,053 @ 7.0% cap · market cap 8.93%
Theoretical Best
Office A
$3.41M
$2.99M – $3.98M
NOI $238,860 @ 7.0% cap · market cap 19.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
837
Businesses Nearby
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Business Placement
Demographics for 02124, MA
50,972
Population
21,264
Households
2.4
Avg Household Size
36
Median Age
31%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
16,991
Density / Sq Mi
$79,168
Median Household Income
$43,483
Median Earnings
$1,783
Median Rent
$607,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Boston, MA
Properties on Market for Triplexes in Boston
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each apartment has three bedrooms, a separate dining room, and in-unit laundry or pantry space.
Where is this triplex located?
The property is located at 31 Middleton Boston, MA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Three apartments, each with 3 bedrooms and 1 bathroom; 4,557 square feet; built in 1905; Hardwood floors, high ceilings, separate dining rooms, and in‑unit laundry or pantry space
