Renovated
For Sale
$1,499,000
36 Spencer St, Boston, MA 02124
Three residential units feature updated systems, varied layouts, and additional finished lower-level space.
Property Size3,083 SF
Price / SF$486.21
Days on Market140
Property Features for 36 Spencer St
General Information
Standard status
Active
Size
3,083 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Zoning
R3
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$11,516
Building Details
Building Size
3,083 SF
Year Built
1900
Stories
4
Listing Agency:
Wisepath Realty Advisors LLC
Listed By:
Nilton Depina · License #9574231
(617) 281-0585
Source:
Churchillprop
Added: May 20
Changed: Oct 6
Last Checked: Oct 5 at 4:13PM
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 Wisepath Realty Advisors LLC
Investment Insights
Based on property information with market context.
This three-unit property, built in 1900, has received substantial electrical, plumbing, heating, and interior updates within the last 10 years. Select kitchens and bathrooms were renovated within the last year, and the units are deleaded with compliance documentation available.
The floor plan includes a first-floor residence with finished lower-level space and its own entrance, a generously sized second-floor residence, and a top-floor residence with a primary suite. The property is located on Spencer St in Dorchester near the Talbot Ave commuter rail station.
The floor plan includes a first-floor residence with finished lower-level space and its own entrance, a generously sized second-floor residence, and a top-floor residence with a primary suite. The property is located on Spencer St in Dorchester near the Talbot Ave commuter rail station.
Key Highlights
- Three‑family property built in 1900
- Electrical, plumbing, heating, and interior improvements completed within the last 10 years
- Select kitchens and bathrooms renovated within the last year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,905
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,558,100
$1.6M
Cap Rate 7%
$1,112,929
$1.1M
Cap Rate 9%
$865,611
$865.6K
Market Conditions
NOI Build-Up for 3,083 SF
Gross rent
$116.5K $37.80/SF
− Vacancy
−$5.2K −$1.70/SF
EGI
$111.3K $36.10/SF
− OpEx
−$33.4K −$10.83/SF
NOI
$77.9K $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%
$1,558,100
Cap Rate 7%
$1,112,929
Cap Rate 9%
$865,611
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$973.8K – $1.30M
NOI $77,905 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$1.03M
$905.3K – $1.21M
NOI $72,426 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$2.31M
$2.02M – $2.69M
NOI $161,599 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,556
Businesses Nearby
Explore this area
Business Placement
Demographics for 02124, MA
50,972
Population
21,264
Households
2.4
Avg Household Size
36
Median Age
31%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
16,991
Density / Sq Mi
$79,168
Median Household Income
$43,483
Median Earnings
$1,783
Median Rent
$607,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units feature updated systems, varied layouts, and additional finished lower-level space.
Where is this triplex located?
The property is located at 36 Spencer St Boston, MA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Three‑family property built in 1900; Electrical, plumbing, heating, and interior improvements completed within the last 10 years; Select kitchens and bathrooms renovated within the last year
