Well-Maintained Triplex with Vacant
For Sale
$1,250,000
342 Bowdoin Street, Boston, MA 02122
Two lower-level residences will be delivered vacant, while the top floor has an occupied Section 8 tenancy.
Property Size4,317 SF
Price / SF$289.55
Days on Market90
Property Features for 342 Bowdoin Street
General Information
Standard status
Active
Size
4,317 SF
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Amenities
central air
keyless door entry
common coin-op laundry
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Boston Realty Advisors
Listed By:
Daniel Alper · License #CN254381
(617) 768-7333
Source:
Benoitrealestate
Added: Jul 19
Changed: Oct 11
Last Checked: Oct 14 at 11:12PM
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 Boston Realty Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-family building at 342 Bowdoin Street includes two lower-level residences that will be vacant at closing and a top-floor unit occupied by a long-term Section 8 tenant. Each apartment has 2 full bathrooms, central air, and keyless entry. The property also provides shared coin-operated laundry and has been very well maintained.
The building is located in Dorchester’s Meeting House Hill neighborhood, directly along an MBTA bus route. Fields Corner Station on the Red Line is minutes away, with convenient access to I-93. The Dorchester Food Co-op, Ronan Park, and a local retail and dining corridor are within walking distance. The attached building at 344 Bowdoin Street is also being offered for sale.
The two vacant units have supported furnished extended-stay rentals, producing income above a traditional stabilized lease structure. A new owner can continue that approach or transition the residences toward conventional leasing.
The building is located in Dorchester’s Meeting House Hill neighborhood, directly along an MBTA bus route. Fields Corner Station on the Red Line is minutes away, with convenient access to I-93. The Dorchester Food Co-op, Ronan Park, and a local retail and dining corridor are within walking distance. The attached building at 344 Bowdoin Street is also being offered for sale.
The two vacant units have supported furnished extended-stay rentals, producing income above a traditional stabilized lease structure. A new owner can continue that approach or transition the residences toward conventional leasing.
Key Highlights
- Three‑family building with two lower‑level units delivered vacant at closing
- Top‑floor unit occupied by a long‑term Section 8 tenant
- All units include 2 full bathrooms, central air, and keyless door entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,088
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,181,760
$2.2M
Cap Rate 7%
$1,558,400
$1.6M
Cap Rate 9%
$1,212,089
$1.2M
Market Conditions
NOI Build-Up for 4,317 SF
Gross rent
$163.2K $37.80/SF
− Vacancy
−$7.3K −$1.70/SF
EGI
$155.8K $36.10/SF
− OpEx
−$46.8K −$10.83/SF
NOI
$109.1K $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%
$2,181,760
Cap Rate 7%
$1,558,400
Cap Rate 9%
$1,212,089
Alternative Uses
Best Use
Multifamily LT 5
$1.56M
$1.36M – $1.82M
NOI $109,088 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$1.45M
$1.27M – $1.69M
NOI $101,415 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,280 @ 7.0% cap · market cap 18.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,019
Businesses Nearby
Explore this area
Business Placement
Demographics for 02122, MA
24,385
Population
10,039
Households
2.4
Avg Household Size
35
Median Age
38%
College-Educated
81%
High-School Grad
1.7 sq mi
ZIP Area
14,344
Density / Sq Mi
$82,945
Median Household Income
$53,897
Median Earnings
$2,052
Median Rent
$656,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two lower-level residences will be delivered vacant, while the top floor has an occupied Section 8 tenancy.
Where is this triplex located?
The property is located at 342 Bowdoin Street Boston, MA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three‑family building with two lower‑level units delivered vacant at closing; Top‑floor unit occupied by a long‑term Section 8 tenant; All units include 2 full bathrooms, central air, and keyless door entry
