Three-Unit Residential Income
36 Mclellan Street Boston, MA 02121
36 Mclellan Street, Boston, MA, 02121
$1,150,000
For Sale
$1,150,000
Three-family property with a finished basement and two vacant units alongside one occupied unit, sold as-is.
Property Size4,191 SF
Price / SF$274.40
Days on Market98
Property Features for 36 Mclellan Street
General Information
- Standard status
- Active
- Size
- 4,191 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
DOSU Realty LLC
Listed by
Johnson Folorunso
(617) 750-6378
Source
Benoitrealestate
Added: Apr 15 Updated: Jul 20 at 6:02PM Checked: Jul 21 at 6:57AM
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 DOSU Realty LLC
Investment Insights
Based on property information with market context.
This three-family residential income property offers a total of three units, with Unit 1 featuring two bedrooms and being vacant, Unit 2 featuring three bedrooms and currently occupied, and Unit 3 featuring being delivered vacant. A finished basement adds additional finished space for potential living or storage use. The property is being sold as-is.
Located at 36 Mclellan Street in Boston, the home is described as conveniently near public transportation, major highways including I-93, shopping, houses of worship, and downtown Boston. The surrounding area is also noted as within walking distance to parks and local amenities.
The existing unit mix and current occupancy create flexibility for an owner to stabilize or re-tenant the vacant units, with the finished basement providing extra interior space within the property’s overall layout.
Located at 36 Mclellan Street in Boston, the home is described as conveniently near public transportation, major highways including I-93, shopping, houses of worship, and downtown Boston. The surrounding area is also noted as within walking distance to parks and local amenities.
The existing unit mix and current occupancy create flexibility for an owner to stabilize or re-tenant the vacant units, with the finished basement providing extra interior space within the property’s overall layout.
Key Highlights
- Three‑family property built in 1910 with one occupied unit and two vacant units
- Unit mix: Unit 1 has 2 bedrooms (vacant); Unit 2 has 3 bedrooms (occupied); Unit 3 delivered vacant
- Finished basement adds additional living or storage space
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 | $186.1k | $44.40 |
| − Vacancy | −$7.1k | −$1.69 |
| EGI | $179.0k | $42.71 |
| − OpEx | −$80.6k | −$19.22 |
| NOI | $98.5k | $23.49 |
4,191 SF · lease $44.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.51M
$1.32M – $1.77M
NOI $105,904 @ 7.0% cap · market cap 9.21%
Second Best
Apartment 5plus
$1.41M
$1.23M – $1.64M
NOI $98,455 @ 7.0% cap · market cap 8.56%
Theoretical Best
Office A
$3.14M
$2.75M – $3.66M
NOI $219,675 @ 7.0% cap · market cap 19.10%
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?
Triplex - Three-family property with a finished basement and two vacant units alongside one occupied unit, sold as-is.
Where is this triplex located?
The property is located at 36 Mclellan Street Boston, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Three‑family property built in 1910 with one occupied unit and two vacant units; Unit mix: Unit 1 has 2 bedrooms (vacant); Unit 2 has 3 bedrooms (occupied); Unit 3 delivered vacant; Finished basement adds additional living or storage space
