Allston Three-Family Income
35 Adamson Street, Boston, MA 02134
Three-unit property in Allston near Boston Landing and Harvard.
Type:Multi-family / 3 Family
Property size:
3,552 SFPrice / SF:
$450/SF- Added:
- Feb 23, 2026
- Days on Market:
- 97
- Last Refresh:
- Mar 17 at 12:22 am
Property Features for 35 Adamson Street
General Information
- Standard status
- Active
- Size
- 3,552 SF
- Property subtype
- Multi-family / 3 Family
Building Details
- Year Built
- 1890
Listing agent Daniel S. Lee License #9522018 (617) 899-8529
Listing office Boston Plex (617) 899-8529
Listing date Feb 23, 2026
Source Compass
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 Plex
HighLights
- Strong rental income: Property generates over $10,000 monthly.
- Three 3‑bedroom, 1.5‑bathroom apartments: Ideal for tenants or owner‑occupants.
- Prime location: Easy access to Boston Landing and Harvard University.
- Desirable features: Central A/C, hardwood floors, and exposed brick in each unit.
- Separate utilities: Each unit has separate gas and electric meters.
- Newer roof and HVAC system: Reduces maintenance concerns.
Overview
This three-family property in Allston offers an investment or owner-occupancy opportunity with rental income potential. The building contains three apartments, each featuring three bedrooms and 1.5 bathrooms. The total living area of the property is 3,552 square feet. Each unit includes central A/C, hardwood floors, and exposed brick. The full basement provides laundry facilities for all three units, and each unit has separate gas and electric meters. There are three gas-fired furnaces. The property also features a newer roof and HVAC system. The property is located with easy access to Boston Landing and Harvard University.
Local Financial Insights For Multifamily LT 5
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 | $134.3k | $37.80 |
| − Vacancy | −$6.0k | −$1.70 |
| EGI | $128.2k | $36.10 |
| − OpEx | −$38.5k | −$10.83 |
| NOI | $89.8k | $25.27 |
3,552 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.50M
NOI $89,757 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,444 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$2.66M
$2.33M – $3.10M
NOI $186,182 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Boston
- County
- Suffolk
- State
- Massachusetts
- Longitude
- -71.13558
- Latitude
- 42.35821
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-unit property in Allston near Boston Landing and Harvard.
Where is this triplex located?
The property is located at 35 Adamson Street Boston, MA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Strong rental income: Property generates over $10,000 monthly.; Three 3‑bedroom, 1.5‑bathroom apartments: Ideal for tenants or owner‑occupants.; Prime location: Easy access to Boston Landing and Harvard University.
