Four-Unit Multifamily
For Sale
$1,890,000
32-34 Linden Street, Boston, MA 02134
Three apartments are vacant, while the fourth is occupied.
Property Size5,185 SF
Price / SF$364.51
Days on Market11
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Property Features for 32-34 Linden Street
General Information
Standard status
Active
Size
5,185 SF
Property subtype
Multi-family
Occupancy
25%
Additional Details
Public Transit
Yes
Multifamily Units
4
Building Details
Year Built
1899
Listing Agency:
EDGE Realty Advisors
Listed By:
Matt Gorman
(617) 620-5278
Source:
Kelleyrege
Added: Oct 5
Changed: Oct 15
Last Checked: Oct 14 at 11:47PM
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 EDGE Realty Advisors
Investment Insights
Based on property information with market context.
This legal four-family property contains 5,185 square feet and was built in 1899. Its current occupancy includes three vacant apartments and one occupied unit. The building is being offered in as-is condition.
The property is on Linden Street in Boston’s Allston area, close to Boston University and the Green Line. Commonwealth Avenue, shops and restaurants along Harvard Avenue and Brighton Avenue, and routes toward downtown Boston, Cambridge, and the Longwood Medical Area are also nearby.
The property is on Linden Street in Boston’s Allston area, close to Boston University and the Green Line. Commonwealth Avenue, shops and restaurants along Harvard Avenue and Brighton Avenue, and routes toward downtown Boston, Cambridge, and the Longwood Medical Area are also nearby.
Key Highlights
- Legal four‑family building with three vacant units and one occupied unit
- 5,185 square feet
- Built in 1899
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,021
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,620,420
$2.6M
Cap Rate 7%
$1,871,729
$1.9M
Cap Rate 9%
$1,455,789
$1.5M
Market Conditions
NOI Build-Up for 5,185 SF
Gross rent
$196.0K $37.80/SF
− Vacancy
−$8.8K −$1.70/SF
EGI
$187.2K $36.10/SF
− OpEx
−$56.2K −$10.83/SF
NOI
$131.0K $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%
$2,620,420
Cap Rate 7%
$1,871,729
Cap Rate 9%
$1,455,789
Alternative Uses
Best Use
Multifamily LT 5
$1.87M
$1.64M – $2.18M
NOI $131,021 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$1.74M
$1.52M – $2.03M
NOI $121,806 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$3.88M
$3.40M – $4.53M
NOI $271,777 @ 7.0% cap · market cap 14.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
25%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,458
Businesses Nearby
Explore this area
Business Placement
Demographics for 02134, MA
21,707
Population
9,027
Households
2.4
Avg Household Size
27
Median Age
76%
College-Educated
96%
High-School Grad
1.2 sq mi
ZIP Area
18,089
Density / Sq Mi
$75,317
Median Household Income
$49,275
Median Earnings
$2,269
Median Rent
$586,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments are vacant, while the fourth is occupied.
Where is this quadplex located?
The property is located at 32-34 Linden Street Boston, MA.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: Legal four‑family building with three vacant units and one occupied unit; 5,185 square feet; Built in 1899
