Turnkey Three-Unit Residential
36 Spencer Street Boston, MA 02124
36 Spencer Street, Boston, MA, 02124
$1,520,000
For Sale
$1,520,000
Turnkey 3-family with off-street parking and renovations to electrical, plumbing, heating, and select kitchens and baths.
Property Size3,083 SF
Price / SF$493.03
Days on Market65
Property Features for 36 Spencer Street
General Information
- Standard status
- Active
- Size
- 3,083 SF
- Property subtype
- Multi-family / 3 Family
Building Details
- Year Built
- 1900
Listing agency
eXp Realty
(888) 854-7493
Listed by
Nilton Depina · License #9574231
(888) 854-7493
Source
Compass
Added: May 19 Updated: Jul 20 at 9:18PM Checked: Jul 22 at 8:39AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This turnkey three-family residential income property has undergone extensive renovations and system updates within the last 10 years, including major electrical, plumbing, and heating improvements, along with interior work. Select kitchens and bathrooms have been renovated within the last year. The units are deleaded and compliance documentation is available. Architectural shingles on the pitched portion of the roof were replaced approximately 7 years ago. The property is being delivered vacant.
The layout includes a first-floor unit with additional finished lower-level space and a separate entrance, a large second-floor unit, and a top-floor unit featuring a primary suite. Off-street parking is included. The property is located near Talbot Ave commuter rail, providing commuter access to downtown Boston.
With a spacious unit mix and updated building systems, the configuration supports straightforward residential income use in a 3-family format.
The layout includes a first-floor unit with additional finished lower-level space and a separate entrance, a large second-floor unit, and a top-floor unit featuring a primary suite. Off-street parking is included. The property is located near Talbot Ave commuter rail, providing commuter access to downtown Boston.
With a spacious unit mix and updated building systems, the configuration supports straightforward residential income use in a 3-family format.
Key Highlights
- 5 total baths across a 3‑family home with a full, finished walk‑out basement and interior access
- Extensive renovations and system updates in the last 10 years, including major electrical, plumbing, and heating improvements
- Select kitchens and bathrooms renovated within the last year
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 | $116.5k | $37.80 |
| − Vacancy | −$5.2k | −$1.70 |
| EGI | $111.3k | $36.10 |
| − OpEx | −$33.4k | −$10.83 |
| NOI | $77.9k | $25.27 |
3,083 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$973.8K – $1.30M
NOI $77,905 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$1.03M
$905.3K – $1.21M
NOI $72,426 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$2.31M
$2.02M – $2.69M
NOI $161,599 @ 7.0% cap · market cap 10.63%
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 - Turnkey 3-family with off-street parking and renovations to electrical, plumbing, heating, and select kitchens and baths.
Where is this triplex located?
The property is located at 36 Spencer Street Boston, MA.
What is the asking price?
The asking price for this property is $1,520,000.
What are key features of this property?
This property features: 5 total baths across a 3‑family home with a full, finished walk‑out basement and interior access; Extensive renovations and system updates in the last 10 years, including major electrical, plumbing, and heating improvements; Select kitchens and bathrooms renovated within the last year
