Multifamily Property with Expansion
358 Savin Hill Ave Boston, MA 02125
358 Savin Hill Ave, Boston, MA, 02125
$1,300,000
Pending
For Sale
$1,300,000
Pending
Multifamily property on a large lot with approximately 66 feet of frontage and potential for off-street parking.
Property Size2,400 SF
Lot Size0.16 Acres
Days on Market92
Property Features for 358 Savin Hill Ave
General Information
- Standard status
- Pending
- Size
- 2,400 SF
- Lot size
- 0.16 Acres
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1920
Listing agency
Real Broker MA, LLC
(617) 549-8542
Listed by
The Charles King Group
(617) 549-8542
Source
Alliancepartnersre
Added: Apr 23 Updated: Jul 22 at 8:56AM Checked: Jul 22 at 8:56AM
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 Real Broker MA, LLC
Investment Insights
Based on property information with market context.
Located at 358 Savin Hill Ave in Boston’s Dorchester/Savin Hill area, this multifamily property sits on a 6,942 sq ft lot with approximately 66 feet of frontage. The existing structure offers an opportunity for renovation or thoughtful updates, with zoning described as providing flexibility for future possibilities.
The property’s lot size supports expansion, and the site can accommodate off-street parking, an important operational consideration in this setting. It is positioned moments from Savin Hill restaurants and parks, with Red Line access nearby.
For buyers and developers seeking a substantial site and a straightforward path to improvements, the combination of lot size, frontage, and renovation-ready structure makes this asset well suited to thoughtful repositioning.
The property’s lot size supports expansion, and the site can accommodate off-street parking, an important operational consideration in this setting. It is positioned moments from Savin Hill restaurants and parks, with Red Line access nearby.
For buyers and developers seeking a substantial site and a straightforward path to improvements, the combination of lot size, frontage, and renovation-ready structure makes this asset well suited to thoughtful repositioning.
Key Highlights
- Multifamily property built in 1920 with renovation or update potential
- Set on a 6,942 sq ft lot with approximately 66 feet of frontage
- Zoning provides flexibility for future possibilities (per listing remarks)
Local Financial Insights For Apartment 5plus
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 | $106.6k | $44.40 |
| − Vacancy | −$4.0k | −$1.69 |
| EGI | $102.5k | $42.71 |
| − OpEx | −$46.1k | −$19.22 |
| NOI | $56.4k | $23.49 |
2,400 SF · lease $44.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$805.4K
$704.8K – $939.7K
NOI $56,381 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,798 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Multifamily property - Multifamily property on a large lot with approximately 66 feet of frontage and potential for off-street parking.
Where is this multifamily property located?
The property is located at 358 Savin Hill Ave Boston, MA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Multifamily property built in 1920 with renovation or update potential; Set on a 6,942 sq ft lot with approximately 66 feet of frontage; Zoning provides flexibility for future possibilities (per listing remarks)
