Cleveland Circle Fully Leased
41 Orkney Road, Boston, MA 02135
Prime investment opportunity near public transit, shops, and restaurants.
Type:Multi-family / 3 Family
Property size:
5,028 SFPrice / SF:
$469/SF- Added:
- Sep 5, 2025
- Days on Market:
- 269
- Last Refresh:
- Mar 13 at 11:25 am
Property Features for 41 Orkney Road
General Information
- Standard status
- Active
- Size
- 5,028 SF
- Property subtype
- Multi-family / 3 Family
Building Details
- Year Built
- 1910
Listing agent Adam Kotkin License #9510337 (617) 487-8015
Listing office Red Tree Real Estate (617) 487-8015
Listing date Sep 5, 2025
Source Compass
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 Red Tree Real Estate
HighLights
- Prime Cleveland Circle location: Steps to Green Line, Chestnut Hill Reservoir, shops, and restaurants.
- Fully leased, turnkey 3‑family property with strong rental history.
- Oversized units, each with two full bathrooms (6 total).
- Off‑street parking: A valuable amenity in the city.
- Spacious basement with expansion potential.
- Recent upgrades: Brand‑new porches.
Overview
This fully leased, brick 3-family property is located in Cleveland Circle. It presents an investment or owner-occupant opportunity in a desirable Brighton location. The property features oversized units, each with two full bathrooms. Recent upgrades include brand-new porches. Off-street parking is available. The property includes a spacious basement with expansion potential for additional living space, storage, or future rental income. The property is located steps from Cleveland Circle, the Green Line, Chestnut Hill Reservoir, shops, and restaurants. The property offers convenience for both tenants and owners. The property has a strong rental history and modern updates.
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 | $190.1k | $37.80 |
| − Vacancy | −$8.6k | −$1.70 |
| EGI | $181.5k | $36.10 |
| − OpEx | −$54.5k | −$10.83 |
| NOI | $127.1k | $25.27 |
5,028 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.82M
$1.59M – $2.12M
NOI $127,054 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$1.69M
$1.48M – $1.97M
NOI $118,118 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$3.76M
$3.29M – $4.39M
NOI $263,548 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Boston
- County
- Suffolk
- State
- Massachusetts
- Longitude
- -71.14966
- Latitude
- 42.33705
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Prime investment opportunity near public transit, shops, and restaurants.
Where is this triplex located?
The property is located at 41 Orkney Road Boston, MA.
What is the asking price?
The asking price for this property is $2,359,000.
What are key features of this property?
This property features: Prime Cleveland Circle location: Steps to Green Line, Chestnut Hill Reservoir, shops, and restaurants.; Fully leased, turnkey 3‑family property with strong rental history.; Oversized units, each with two full bathrooms (6 total).
