3-Unit Triplex with Hardwood
36-38 Gardena St, Boston, MA 02135
For Sale
$1,500,000
All three residences are leased through August 31, 2027.
Property Size3,636 SF
Price / SF$412.54
Days on Market97
Property Features for 36-38 Gardena St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Leverage Real Estate, LLC
Listed By:
Paul Bombara
Source:
Urbancirclerealty
Added: Aug 3
Changed: Nov 7
Last Checked: Nov 7 at 4:54PM
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 Leverage Real Estate, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,636-square-foot triplex was built in 1905 and contains three units with seven bedrooms in total. Hardwood flooring runs throughout, and the property occupies a corner lot. The residences are leased through August 31, 2027.
Public transportation, restaurants, and shops are nearby. The property is in Boston, with access to the city’s broader amenities.
Public transportation, restaurants, and shops are nearby. The property is in Boston, with access to the city’s broader amenities.
Key Highlights
- Three units with seven bedrooms across 3,636 square feet
- All units leased through 8/31/2027
- Hardwood floors throughout; no wall‑to‑wall carpet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,879
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,837,580
$1.8M
Cap Rate 7%
$1,312,557
$1.3M
Cap Rate 9%
$1,020,878
$1.0M
Market Conditions
NOI Build-Up for 3,636 SF
Gross rent
$137.4K $37.80/SF
− Vacancy
−$6.2K −$1.70/SF
EGI
$131.3K $36.10/SF
− OpEx
−$39.4K −$10.83/SF
NOI
$91.9K $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%
$1,837,580
Cap Rate 7%
$1,312,557
Cap Rate 9%
$1,020,878
Alternative Uses
Best Use
Multifamily LT 5
$1.31M
$1.15M – $1.53M
NOI $91,879 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$1.22M
$1.07M – $1.42M
NOI $85,417 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$2.72M
$2.38M – $3.18M
NOI $190,585 @ 7.0% cap · market cap 12.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,652
Businesses Nearby
Explore this area
Business Placement
Demographics for 02135, MA
47,232
Population
22,519
Households
2.1
Avg Household Size
29
Median Age
71%
College-Educated
93%
High-School Grad
2.6 sq mi
ZIP Area
18,166
Density / Sq Mi
$88,208
Median Household Income
$57,124
Median Earnings
$2,179
Median Rent
$684,000
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Boston, MA
Properties on Market for Triplexes in Boston
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three residences are leased through August 31, 2027.
Where is this triplex located?
The property is located at 36-38 Gardena St Boston, MA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Three units with seven bedrooms across 3,636 square feet; All units leased through 8/31/2027; Hardwood floors throughout; no wall‑to‑wall carpet
