Renovated 9-Unit Multifamily
409 Dudley Street Boston, MA 02119
409 Dudley Street, Boston, MA, 02119
$3,999,000
For Sale
$3,999,000
Brick 9-unit property renovated in 2016, fully leased, offering on-site parking, storage, and common laundry with separate utilities.
Property Size13,440 SF
Price / SF$297.54
Days on Market149
Property Features for 409 Dudley Street
General Information
- Standard status
- Active
- Size
- 13,440 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1899
Listing agency
Boston Realty Advisors
Listed by
Kevin Benzinger
(978) 922-3683
Source
Jbarrettrealty
Added: Feb 23 Updated: Jul 20 at 11:15PM Checked: Jul 21 at 7:06AM
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 Boston Realty Advisors
Investment Insights
Based on property information with market context.
409 Dudley Street is a brick 9-unit multifamily asset that was meticulously renovated in 2016. The building is fully leased and features a mix of large studio, 1-bedroom, 2-bedroom, and 3-bedroom units. Residents benefit from high ceilings and bright, open floor plans, along with on-site parking and in-unit or assigned storage where available. Common laundry is provided, and the property also includes management space in the basement.
The property is set in a neighborhood described as vibrant, with tenants having access to transit and a wealth of amenities.
All utilities are separate, supporting independent metering and straightforward tenant responsibility. With professional management and ongoing maintenance, 409 Dudley is positioned as a well-run residential income property.
The property is set in a neighborhood described as vibrant, with tenants having access to transit and a wealth of amenities.
All utilities are separate, supporting independent metering and straightforward tenant responsibility. With professional management and ongoing maintenance, 409 Dudley is positioned as a well-run residential income property.
Key Highlights
- 1899 brick 9‑unit multifamily property fully leased
- Renovated in 2016; high‑ceilings and bright open floor plans
- Unit mix includes large studios plus 1-, 2-, and 3‑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 | $596.7k | $44.40 |
| − Vacancy | −$22.7k | −$1.69 |
| EGI | $574.1k | $42.71 |
| − OpEx | −$258.3k | −$19.22 |
| NOI | $315.7k | $23.49 |
13,440 SF · lease $44.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.51M
$3.95M – $5.26M
NOI $315,733 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.06M
$8.81M – $11.74M
NOI $704,471 @ 7.0% cap · market cap 17.62%
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 - Brick 9-unit property renovated in 2016, fully leased, offering on-site parking, storage, and common laundry with separate utilities.
Where is this apartment building located?
The property is located at 409 Dudley Street Boston, MA.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: 1899 brick 9‑unit multifamily property fully leased; Renovated in 2016; high‑ceilings and bright open floor plans; Unit mix includes large studios plus 1-, 2-, and 3‑bedroom units
