Six-Unit Apartment
39-41 W Walnut Park Boston, MA 02119
39-41 W Walnut Park, Boston, MA, 02119
$2,400,000
For Sale
$2,400,000
Gut renovated in 2018, this six-unit building features private rear decks and updated interiors.
Property Size4,300 SF
Price / SF$558.14
Days on Market125
Property Features for 39-41 W Walnut Park
General Information
- Standard status
- Active
- Size
- 4,300 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing Agency
REMAX Andrew Realty Services
Listed by
Guy Contaldi
(781) 635-9022
Source
Lindorealtygroup
Added: Mar 15 Checked: Jul 16 at 11:27 am
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 REMAX Andrew Realty Services
Investment Insights
Based on property information with market context.
DEEDED AS TWO SEPARATELY DEEDED 3-FAMILY PARCELS, this immaculate six-unit apartment building was gut renovated in 2018 and is presented as a turnkey offering. Interiors have been updated throughout, with each unit designed to include stainless steel appliances, granite countertops, central air/heat, hardwood floors, and recessed lighting. Additional unit features include private rear decks. The building also includes high-efficiency tankless water heaters along with fully updated plumbing and electrical systems.
The property is located at 39–41 W. Walnut Park in Boston, MA 02119 and is positioned near the Stony Brook Orange Line, Sam Adams Brewery, and the Southwest Corridor Park & Bike Path. It is also close to the Longwood Medical Area and Northeastern University, as well as the Back Bay.
The property is located at 39–41 W. Walnut Park in Boston, MA 02119 and is positioned near the Stony Brook Orange Line, Sam Adams Brewery, and the Southwest Corridor Park & Bike Path. It is also close to the Longwood Medical Area and Northeastern University, as well as the Back Bay.
Key Highlights
- Gut renovated in 2018; 6‑unit building built in 1910
- Two separately deeded 3‑family parcels
- Each unit includes stainless steel appliances, granite countertops, and private rear decks
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 | $162.5k | $37.80 |
| − Vacancy | −$7.3k | −$1.70 |
| EGI | $155.2k | $36.10 |
| − OpEx | −$46.6k | −$10.83 |
| NOI | $108.7k | $25.27 |
4,300 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.55M
$1.36M – $1.81M
NOI $108,658 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $101,016 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$3.22M
$2.82M – $3.76M
NOI $225,389 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Gut renovated in 2018, this six-unit building features private rear decks and updated interiors.
Where is this apartment building located?
The property is located at 39-41 W Walnut Park Boston, MA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Gut renovated in 2018; 6‑unit building built in 1910; Two separately deeded 3‑family parcels; Each unit includes stainless steel appliances, granite countertops, and private rear decks
