Mixed-Use Investment
35/0 Heron Boston, MA 02132
35/0 Heron, Boston, MA, 02132
$1,875,000
For Sale
$1,875,000
Three-parcel property featuring residential and commercial spaces.
Property Size7,386 SF
Price / SF$253.86
Days on Market88
Property Features for 35/0 Heron
General Information
- Standard status
- Active
- Size
- 7,386 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1975
Listing agency
Keller Williams Realty
(617) 669-2000
Listed by
Susan Ormont
(617) 669-2000
Source
Liongatere
Added: Apr 25 Updated: Apr 30 at 2:44PM Checked: Apr 30 at 2:44PM
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
Investment Insights
Based on property information with market context.
This investment opportunity includes an oversized 3-family building and a spacious commercial warehouse, along with 3071 square feet of level land that offers potential for further development. The combined interior space of the two buildings is 7386 square feet. The 3-family building comprises 4,488 square feet, with each unit featuring 3 bedrooms, a living room, dining room, bathroom (2 newly renovated), porch, deck, and older kitchens. New windows have been installed in the third unit. The newer warehouse provides 2,898 square feet of space and includes a new roof, 3 truck bays, 2 large storage areas, a center office, and two half-baths, as well as kitchen space. The property is being sold as commercial. The 3-family building is also suitable for condo conversion. The tenants are currently on a 'tenants at will' basis and pay below-market rates, with the option to vacate. Unit 1 is currently vacant.
Key Highlights
- Three‑parcel investment opportunity: includes a 3‑family building, a commercial warehouse, and additional land.
- Combined interior space of 7,386sf across both buildings.
- Warehouse features a new roof, 3 truck bays, 2 large storage areas, a center office, two half‑baths, and kitchen space.
Local Financial Insights For Warehouse
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 | $118.8k | $16.08 |
| − Vacancy | −$7.7k | −$1.05 |
| EGI | $111.0k | $15.03 |
| − OpEx | −$16.7k | −$2.26 |
| NOI | $94.4k | $12.78 |
7,386 SF · lease $16.08/SF/yr · vacancy 6.50% · expense 15.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.67M
$2.33M – $3.11M
NOI $186,639 @ 7.0% cap · market cap 9.95%
Second Best
Mixed Use
$2.58M
$2.25M – $3.01M
NOI $180,311 @ 7.0% cap · market cap 9.62%
Theoretical Best
Office A
$5.53M
$4.84M – $6.45M
NOI $387,145 @ 7.0% cap · market cap 20.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Three-parcel property featuring residential and commercial spaces.
Where is this mixed-use property located?
The property is located at 35/0 Heron Boston, MA.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: Three‑parcel investment opportunity: includes a 3‑family building, a commercial warehouse, and additional land.; Combined interior space of 7,386sf across both buildings.; Warehouse features a new roof, 3 truck bays, 2 large storage areas, a center office, two half‑baths, and kitchen space.
