8-Unit Brick Quadplex
For Sale
$3,660,000
35-37 Delle Ave, Boston, MA 02120
Residential Income, Boston, MA
Property Size4,124 SF
Lot Size0.08 Acres
Price / SF$887.49
Days on Market19
Property Features for 35-37 Delle Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
14
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 10, Bedroom 11, Bedroom 4, Bedroom 12, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 8, Bedroom 3, Bedroom 5, Bedroom 13, Bathroom 5, Bedroom 1, Bathroom 2, Bedroom 9, Bedroom 14, Bathroom 8, Bathroom 7, Bedroom 7, Bathroom 6, Bedroom 6, Bathroom 1
Directions
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Subdivision
Mission Hill
Standard status
Active
APN
W:10 P:00537 S:000
Size
4,124 SF
Lot size
0.08 Acres
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
13061
Amenities
washer/dryer
shared yard
Building Details
Year built
1890
Floors in Building
4
Number of units
8
Buildings
2
Listing Agency:
Keller Williams Realty Evolution
(781) 395-5600
Listed By:
Keller Williams Realty Evolution
Added: Oct 12
Changed: Oct 30
Last Checked: Oct 30 at 11:06PM
MLS# 73589518
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This Boston property comprises two neighboring brick quadplexes with eight apartments in total. A full renovation completed in 2025 replaced major building systems and components, including framing, subfloors, electrical, plumbing, HVAC, windows, and roofing. Each unit has one or two bedrooms, one bathroom, and a washer-dryer. Interior finishes include hardwood floors, quartz counters, shaker cabinetry, and stainless steel appliances; the buildings also have fire alarms and sprinkler systems.
The buildings contain 4,124 square feet on a 0.0797-acre parcel and are zoned R3. A shared yard is located behind the properties. Unit leases run from September 1, 2026, through August 31, 2027, and the stated cap rate is 6.1%.
The buildings contain 4,124 square feet on a 0.0797-acre parcel and are zoned R3. A shared yard is located behind the properties. Unit leases run from September 1, 2026, through August 31, 2027, and the stated cap rate is 6.1%.
Key Highlights
- Two brick quadplexes with 8 apartments total
- Full gut renovation completed in 2025
- 4,124 square feet on 0.0797 acres; R3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,211
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,084,220
$2.1M
Cap Rate 7%
$1,488,729
$1.5M
Cap Rate 9%
$1,157,900
$1.2M
Market Conditions
NOI Build-Up for 4,124 SF
Gross rent
$155.9K $37.80/SF
− Vacancy
−$7.0K −$1.70/SF
EGI
$148.9K $36.10/SF
− OpEx
−$44.7K −$10.83/SF
NOI
$104.2K $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%
$2,084,220
Cap Rate 7%
$1,488,729
Cap Rate 9%
$1,157,900
Alternative Uses
Best Use
Multifamily LT 5
$1.49M
$1.30M – $1.74M
NOI $104,211 @ 7.0% cap · market cap 2.85%
Second Best
Apartment 5plus
$1.38M
$1.21M – $1.61M
NOI $96,881 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$3.09M
$2.70M – $3.60M
NOI $216,164 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
10,532
Businesses Nearby
Explore this area
Business Placement
Demographics for 02120, MA
17,578
Population
5,061
Households
3.5
Avg Household Size
26
Median Age
44%
College-Educated
78%
High-School Grad
0.6 sq mi
ZIP Area
29,297
Density / Sq Mi
$61,472
Median Household Income
$27,345
Median Earnings
$1,630
Median Rent
$941,200
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?
Quadplex - Two adjacent buildings contain renovated one- and two-bedroom apartments, each with a bathroom and washer-dryer.
Where is this quadplex located?
The property is located at 35-37 Delle Ave Boston, MA.
What is the asking price?
The asking price for this property is $3,660,000.
What are key features of this property?
This property features: Two brick quadplexes with 8 apartments total; Full gut renovation completed in 2025; 4,124 square feet on 0.0797 acres; R3 zoning
