Three-Family Residential Income
3985 Washington St Boston, MA 02131
3985 Washington St, Boston, MA, 02131
$1,295,000
For Sale
$1,295,000
Three apartments feature hardwood floors, separate heating and electric, and a newer rubber roof with off-street parking.
Property Size3,234 SF
Price / SF$400.43
Days on Market83
Property Features for 3985 Washington St
General Information
- Standard status
- Active
- Size
- 3,234 SF
- Property subtype
- 3 Family - 3 Units Up/Down
Building Details
- Year Built
- 1905
Listing agency
Stuart St James, Inc.
(617) 819-5850
Listed by
Darin Thompson
(617) 819-5850
Source
Lockandkeyre
Added: May 1 Updated: Jul 21 at 1:41AM Checked: Jul 21 at 3:24AM
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-cared-for three-family residential property offers three spacious apartments with consistent layouts. The units include large rooms and hardwood floors, supported by separate heating and electric systems. The property also features a newer rubber roof and a high-ceiling basement providing additional storage and utility space. One apartment is expected to be delivered vacant, offering flexibility for either an owner-occupant or investor.
The home sits on a sun-facing lot with an oversized private backyard and off-street parking. Convenient access by foot, car, bike, or public transportation supports connectivity to Forest Hills, Roslindale Square, and the Longwood Medical Area, as well as universities and Downtown Boston.
For day-to-day livability and long-term usability, the configuration combines individual unit services, dedicated basement storage/utility space, and outdoor areas including a large private backyard and off-street parking.
The home sits on a sun-facing lot with an oversized private backyard and off-street parking. Convenient access by foot, car, bike, or public transportation supports connectivity to Forest Hills, Roslindale Square, and the Longwood Medical Area, as well as universities and Downtown Boston.
For day-to-day livability and long-term usability, the configuration combines individual unit services, dedicated basement storage/utility space, and outdoor areas including a large private backyard and off-street parking.
Key Highlights
- 3‑family building built in 1905 with three spacious apartments featuring consistent layouts.
- Hardwood floors throughout the apartments.
- Separate heating and electric systems for each unit.
Local Financial Insights For Multifamily LT 5
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 | $122.2k | $37.80 |
| − Vacancy | −$5.5k | −$1.70 |
| EGI | $116.7k | $36.10 |
| − OpEx | −$35.0k | −$10.83 |
| NOI | $81.7k | $25.27 |
3,234 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.02M – $1.36M
NOI $81,721 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$1.09M
$949.7K – $1.27M
NOI $75,973 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$2.42M
$2.12M – $2.83M
NOI $169,513 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three apartments feature hardwood floors, separate heating and electric, and a newer rubber roof with off-street parking.
Where is this triplex located?
The property is located at 3985 Washington St Boston, MA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 3‑family building built in 1905 with three spacious apartments featuring consistent layouts.; Hardwood floors throughout the apartments.; Separate heating and electric systems for each unit.
