Renovated Multifamily Near Stony
39-41 W Walnut Park Boston, MA 02119
39-41 W Walnut Park, Boston, MA, 02119
$2,400,000
For Sale
$2,400,000
MULTI_FAMILY - Boston, MA
Property Size4,300 SF
Lot Size0.06 Acres
Price / SF$558.14
Days on Market88
Property Features for 39-41 W Walnut Park
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Res
- Bedrooms
- 14
- Bathrooms
- 6
- Rooms
- Bedroom 11, Bedroom 4, Bathroom 3, Bathroom 5, Bedroom 8, Bedroom 2, Bathroom 1, Bedroom 12, Bedroom 10, Bedroom 14, Bedroom 1, Bedroom 7, Bedroom 6, Bedroom 13, Bedroom 3, Bathroom 6, Bedroom 5, Bathroom 2, Bedroom 9, Bathroom 4
- Parking
- 3
- Standard status
- Active
- Size
- 4,300 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 20376
Building Details
- Year built
- 1910
- Floors in Building
- 5
- Number of units
- 6
Listing Agency
REMAX Andrew Realty Services
(781) 395-7676
9 Main St., Medford, MA
Listed by
John Veneziano
(781) 395-7676
Added: Apr 21 Checked: Jul 17 at 7:06 pm
MLS# 73504678
Listing URL
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This immaculate, 6-unit building, deeded as two 3-family parcels, presents a cash-flowing investment opportunity. Gut renovated in 2018, the property offers a turnkey experience with updated features throughout. Each apartment includes stainless steel appliances, granite countertops, central air and heat, hardwood floors, recessed lighting, and private rear decks. High-efficiency tankless water heaters, along with updated plumbing and electrical systems, contribute to low-maintenance ownership. The property is situated near the Stony Brook Orange Line, Sam Adams Brewery, Southwest Corridor Park & Bike Path, Longwood Medical Area, Northeastern University, and the Back Bay. This multifamily property, with a size of 4300 square feet and a lot size of 0.0574 acres, is zoned as Res. It is located in Boston, MA, 02119. This property is suitable for investors or owner-occupants.
Key Highlights
- 6‑unit building (deeded as two separate 3‑family parcels)
- Gut renovated in 2018
- Each unit features stainless steel appliances and granite countertops
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 | $190.9k | $44.40 |
| − Vacancy | −$7.3k | −$1.69 |
| EGI | $183.7k | $42.71 |
| − OpEx | −$82.6k | −$19.22 |
| NOI | $101.0k | $23.49 |
4,300 SF · lease $44.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $101,016 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
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
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Immaculate, renovated 6-unit building near Stony Brook Orange Line.
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: 6‑unit building (deeded as two separate 3‑family parcels); Gut renovated in 2018; Each unit features stainless steel appliances and granite countertops
