Turnkey Brick Apartment
3146-3150 Washington Street Boston, MA 02130
3146-3150 Washington Street, Boston, MA, 02130
$3,799,000
For Sale
$3,799,000
Turnkey 9-unit brick multifamily building with a unit mix of six 3-bedroom and three 2-bedroom apartments.
Property Size10,323 SF
Price / SF$368.01
Days on Market11
Property Features for 3146-3150 Washington Street
General Information
- Standard status
- Active
- Size
- 10,323 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
Longwood Residential,LLC
Listed by
Derek Young
(603) 548-5315
Source
Burkelordrealestate
Added: Jul 12 Updated: Jul 20 at 5:52PM Checked: Jul 21 at 6:48AM
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 Longwood Residential,LLC
Investment Insights
Based on property information with market context.
This turnkey 9-unit brick apartment building offers a well-maintained income property with a mix of six 3-bedroom, 1.5-bath units and three 2-bedroom, 1.5-bath units. The brick construction is designed for durability and low exterior maintenance.
The building is located on Washington Street in Boston’s Jamaica Plain area. Public remarks indicate it is minutes from major universities, renowned hospitals, downtown Boston, and the Orange Line.
The property is currently generating gross annual income of $228,600 with three vacant units.
The building is located on Washington Street in Boston’s Jamaica Plain area. Public remarks indicate it is minutes from major universities, renowned hospitals, downtown Boston, and the Orange Line.
The property is currently generating gross annual income of $228,600 with three vacant units.
Key Highlights
- Turnkey 9‑unit brick apartment building with a unit mix of six 3‑bedroom, 1.5‑bath units and three 2‑bedroom, 1.5‑bath units
- Year built: 1910; solid brick construction for durability and low maintenance
- Currently generates $228,600 in gross annual income
Local Financial Insights For Apartment 5plus
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 | $458.3k | $44.40 |
| − Vacancy | −$17.4k | −$1.69 |
| EGI | $440.9k | $42.71 |
| − OpEx | −$198.4k | −$19.22 |
| NOI | $242.5k | $23.49 |
10,323 SF · lease $44.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.46M
$3.03M – $4.04M
NOI $242,508 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.73M
$6.76M – $9.02M
NOI $541,090 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Turnkey 9-unit brick multifamily building with a unit mix of six 3-bedroom and three 2-bedroom apartments.
Where is this apartment building located?
The property is located at 3146-3150 Washington Street Boston, MA.
What is the asking price?
The asking price for this property is $3,799,000.
What are key features of this property?
This property features: Turnkey 9‑unit brick apartment building with a unit mix of six 3‑bedroom, 1.5‑bath units and three 2‑bedroom, 1.5‑bath units; Year built: 1910; solid brick construction for durability and low maintenance; Currently generates $228,600 in gross annual income
