Well-Maintained 3-Family
41 Armandine Street Boston, MA 02124
41 Armandine Street, Boston, MA, 02124
$1,335,000
For Sale
$1,335,000
Three upgraded 4-bedroom units each level, with updated kitchens and baths, plus a 2-car garage and six off-street spaces.
Property Size3,329 SF
Price / SF$401.02
Days on Market94
Property Features for 41 Armandine Street
General Information
- Standard status
- Active
- Size
- 3,329 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1905
Listing agency
Douglas Elliman Real Estate - The Sarkis Team
(617) 267-3500
Listed by
The Sarkis Team
Source
Rosenrealty
Added: Apr 20 Updated: Jul 21 at 5:39PM Checked: Jul 22 at 6:50AM
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 Douglas Elliman Real Estate - The Sarkis Team
Investment Insights
Based on property information with market context.
This well-maintained 3-family property features upgraded and expanded floorplans with generously sized 4-bedroom units on each level. Each unit offers updated kitchens and bathrooms. The property also includes a 2-car garage, six additional off-street parking spaces, and a large backyard that provides practical outdoor space.
Located near Ashmont Station, the home is positioned for convenient access to local shops, restaurants, parks, schools, and public transportation.
The combination of updated interiors, dedicated parking, and outdoor area supports a flexible residential income configuration within a versatile multi-family building.
Located near Ashmont Station, the home is positioned for convenient access to local shops, restaurants, parks, schools, and public transportation.
The combination of updated interiors, dedicated parking, and outdoor area supports a flexible residential income configuration within a versatile multi-family building.
Key Highlights
- 3‑family property built in 1905 with upgraded and expanded floorplans
- Three 4‑bedroom units with updated kitchens and bathrooms (one unit on each level)
- Includes a 2‑car garage plus 6 additional off‑street parking spaces
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 | $125.8k | $37.80 |
| − Vacancy | −$5.7k | −$1.70 |
| EGI | $120.2k | $36.10 |
| − OpEx | −$36.1k | −$10.83 |
| NOI | $84.1k | $25.27 |
3,329 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,121 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$1.12M
$977.6K – $1.30M
NOI $78,205 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$2.49M
$2.18M – $2.91M
NOI $174,493 @ 7.0% cap · market cap 13.07%
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 upgraded 4-bedroom units each level, with updated kitchens and baths, plus a 2-car garage and six off-street spaces.
Where is this triplex located?
The property is located at 41 Armandine Street Boston, MA.
What is the asking price?
The asking price for this property is $1,335,000.
What are key features of this property?
This property features: 3‑family property built in 1905 with upgraded and expanded floorplans; Three 4‑bedroom units with updated kitchens and bathrooms (one unit on each level); Includes a 2‑car garage plus 6 additional off‑street parking spaces
