Three-Unit Residential
New
For Sale
$1,250,000
3964 Washington Street, Boston, MA 02131
Each residence has three bedrooms, a private front porch, and an updated heating system.
Property Size3,420 SF
Price / SF$365.50
Days on Market5
Property Features for 3964 Washington Street
General Information
Standard status
Active
Size
3,420 SF
Property subtype
Multi-family
Site & Location
Neighborhood
Hyde Park
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Amenities
front porches
Building Details
Year Built
1916
Listing Agency:
RE/MAX Real Estate Center
Listed By:
Guillermo Perez
(617) 293-0132
Source:
Merryfoxrealty
Added: Oct 27
Changed: Oct 31
Last Checked: Oct 30 at 1:47PM
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
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Investment Insights
Based on property information with market context.
Built in 1916, this three-unit residential property contains 3,420 square feet, with three bedrooms in each residence and a separate front porch for every unit. Heating systems have been updated. The second- and third-floor units each have two independent systems: forced-air heat and an in-unit Navien system that supplies heat and domestic hot water.
The property fronts Washington Street, where bus routes and bike lanes are located. 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 away. Major hospitals and medical facilities are also accessible nearby.
The property fronts Washington Street, where bus routes and bike lanes are located. 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 away. Major hospitals and medical facilities are also accessible nearby.
Key Highlights
- Three units, each with three bedrooms
- 3,420 square feet; built in 1916
- Individual front porch for each residence
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
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
474
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has three bedrooms, a private front porch, and an updated heating system.
Where is this triplex located?
The property is located at 3964 Washington Street 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 units, each with three bedrooms; 3,420 square feet; built in 1916; Individual front porch for each residence
