Well-Maintained 6-Unit
3965 Washington Street Boston, MA 02131
3965 Washington Street, Boston, MA, 02131
$2,350,000
For Sale
$2,350,000
Six fully occupied 2-bedroom units with hardwood floors and separate metering for heat, hot water, and electric.
Property Size5,280 SF
Price / SF$445.08
Days on Market85
Property Features for 3965 Washington Street
General Information
- Standard status
- Active
- Size
- 5,280 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1950
Listing agency
Stuart St James,Inc.
Listed by
Darin Thompson
(978) 808-8064
Source
Merryfoxrealty
Added: Apr 28 Updated: Jul 20 at 8:38PM Checked: Jul 21 at 6:14AM
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 features six consistent 2-bedroom apartments with large rooms and hardwood floors. The building has separate heating and electric systems, with separate metering for heat, hot water, and electric to support efficient landlord operations. A newer rubber roof is in place, and the high-ceiling basement provides additional storage and utility space.
The property is located near Forest Hills, Roslindale Village, and the Arnold Arboretum, with convenient access to public transportation as well as major employment centers including the Longwood Medical Area, universities, and Downtown Boston.
All units are currently occupied, and the property benefits from a strong rental history. Rent roll and expense information are available upon request.
The property is located near Forest Hills, Roslindale Village, and the Arnold Arboretum, with convenient access to public transportation as well as major employment centers including the Longwood Medical Area, universities, and Downtown Boston.
All units are currently occupied, and the property benefits from a strong rental history. Rent roll and expense information are available upon request.
Key Highlights
- 6‑unit multifamily built in 1950, fully occupied with six consistent 2‑bedroom apartments
- Separately metered utilities for heat, hot water, and electric
- Hardwood floors and large‑room layouts in the 2‑bedroom units
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 units with hardwood floors and separate metering for heat, hot water, and electric.
Where is this apartment building located?
The property is located at 3965 Washington Street 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 built in 1950, fully occupied with six consistent 2‑bedroom apartments; Separately metered utilities for heat, hot water, and electric; Hardwood floors and large‑room layouts in the 2‑bedroom units
