Three-Unit Residential
New
For Sale
$1,250,000
3964 Washington St, Boston, MA 02131
Each residence offers three bedrooms, a private front porch, and separate heating equipment.
Property Size3,420 SF
Price / SF$365.50
Days on Market4
Property Features for 3964 Washington St
General Information
Standard status
Active
Size
3,420 SF
Property subtype
3 Family
Site & Location
Neighborhood
Roslindale
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 3BR
Multifamily Units
3
Amenities
front porches
Building Details
Building Size
3,420 SF
Year Built
1916
Buildings
1
Listing Agency:
RE/MAX Real Estate Center
(781) 326-5855
Listed By:
Guillermo Perez
(617) 293-0132
Source:
Iverty
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 1:50PM
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 RE/MAX Real Estate Center
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1916 triplex contains three residences, each with three bedrooms and an individual front porch. Separate, updated heating systems serve the units. On the second and third floors, each unit has both forced-air heating and an in-unit Navien system that supplies heat and domestic hot water.
The property fronts Washington Street in Boston, with bus routes and bike lanes along the corridor. Forest Hills Station is less than one mile away, Roslindale Square is approximately 1.3 miles away, and the Arnold Arboretum is less than 1.5 miles from the property. Major hospitals and medical facilities are also accessible in the surrounding area.
The property fronts Washington Street in Boston, with bus routes and bike lanes along the corridor. Forest Hills Station is less than one mile away, Roslindale Square is approximately 1.3 miles away, and the Arnold Arboretum is less than 1.5 miles from the property. Major hospitals and medical facilities are also accessible in the surrounding area.
Key Highlights
- Three residences, each with three bedrooms
- Built in 1916
- Individual front porch for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,421
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,728,420
$1.7M
Cap Rate 7%
$1,234,586
$1.2M
Cap Rate 9%
$960,233
$960.2K
Market Conditions
NOI Build-Up for 3,420 SF
Gross rent
$129.3K $37.80/SF
− Vacancy
−$5.8K −$1.70/SF
EGI
$123.5K $36.10/SF
− OpEx
−$37.0K −$10.83/SF
NOI
$86.4K $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%
$1,728,420
Cap Rate 7%
$1,234,586
Cap Rate 9%
$960,233
Alternative Uses
Best Use
Multifamily LT 5
$1.23M
$1.08M – $1.44M
NOI $86,421 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$1.15M
$1.00M – $1.34M
NOI $80,343 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$2.56M
$2.24M – $2.99M
NOI $179,263 @ 7.0% cap · market cap 14.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,304
Businesses Nearby
Explore this area
Business Placement
Demographics for 02131, MA
30,544
Population
13,264
Households
2.3
Avg Household Size
39
Median Age
52%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
10,909
Density / Sq Mi
$109,237
Median Household Income
$65,268
Median Earnings
$1,999
Median Rent
$634,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence offers three bedrooms, a private front porch, and separate heating equipment.
Where is this triplex located?
The property is located at 3964 Washington St Boston, MA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three residences, each with three bedrooms; Built in 1916; Individual front porch for each unit
