Well-Maintained 6-Unit
3965 Washington St Boston, MA 02131
3965 Washington St, Boston, MA, 02131
$2,350,000
For Sale
$2,350,000
Six fully occupied 2-bedroom apartments feature hardwood floors, separate utilities, and a newer rubber roof.
Property Size5,280 SF
Price / SF$445.08
Days on Market83
Property Features for 3965 Washington St
General Information
- Standard status
- Active
- Size
- 5,280 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1950
Listing agency
Stuart St James, Inc.
(617) 819-5850
Listed by
Darin Thompson · License #9514800
Source
Gundersheimgroup
Added: Apr 30 Updated: Jul 21 at 1:34PM Checked: Jul 21 at 1:34PM
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 Stuart St James, Inc.
Investment Insights
Based on property information with market context.
This well-maintained 6-unit multifamily property offers six consistent 2-bedroom apartments with large rooms and hardwood floors. Units have separate heating and electric systems, and heating, hot water, and electric are separately metered. The property also includes a newer rubber roof and a high-ceiling basement providing storage and utility space.
The building is located near Forest Hills, Roslindale Village, and the Arnold Arboretum. Access is convenient to public transportation, the Longwood Medical Area, universities, Downtown Boston, and major employment hubs.
The property is zoned R4 and is offered for sale. A rent roll and expense information are available upon request.
The building is located near Forest Hills, Roslindale Village, and the Arnold Arboretum. Access is convenient to public transportation, the Longwood Medical Area, universities, Downtown Boston, and major employment hubs.
The property is zoned R4 and is offered for sale. A rent roll and expense information are available upon request.
Key Highlights
- 6‑unit multifamily with six fully occupied 2‑bedroom apartments in Roslindale (Suffolk County, MA)
- Separate heating and electric systems for each unit, with separately metered heat, hot water, and electric
- Hardwood floors and large rooms in the apartments
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 | $234.4k | $44.40 |
| − Vacancy | −$8.9k | −$1.69 |
| EGI | $225.5k | $42.71 |
| − OpEx | −$101.5k | −$19.22 |
| NOI | $124.0k | $23.49 |
5,280 SF · lease $44.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.77M
$1.55M – $2.07M
NOI $124,038 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.95M
$3.46M – $4.61M
NOI $276,756 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six fully occupied 2-bedroom apartments feature hardwood floors, separate utilities, and a newer rubber roof.
Where is this apartment building located?
The property is located at 3965 Washington St Boston, MA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 6‑unit multifamily with six fully occupied 2‑bedroom apartments in Roslindale (Suffolk County, MA); Separate heating and electric systems for each unit, with separately metered heat, hot water, and electric; Hardwood floors and large rooms in the apartments
