Four-Unit Property with
New
For Sale
$1,999,999
42 Florida St, Boston, MA 02124
A two-story residential income property combines multiple bedrooms with substantial garage capacity on a large Dorchester lot.
Property Size4,032 SF
Lot Size0.18 Acres
Price / SF$330.69
Days on Market2
Property Features for 42 Florida St
General Information
Standard status
Active
Size
4,032 SF
Total Parking Spaces
5
Lot size
0.18 Acres
Property subtype
Investment
Zoning
R4
Site & Location
Neighborhood
Dorchester
Public Transit
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$8,416
Building Details
Building Size
4,032 SF
Year Built
1930
Stories
2
Units
4
Listing Agency:
Shore Real Estate LLC
Listed By:
Dream Team
(617) 544-2808
Source:
Elliman
Added: Oct 23
Last Checked: Oct 24 at 7:41PM
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 Shore Real Estate LLC
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Investment Insights
Based on property information with market context.
This two-story quadplex, built in 1930, contains 10 bedrooms and approximately 4,032 square feet of living area within 6,048 square feet of total building area. The property also includes five garage bays and occupies a 7,905-square-foot lot. It is offered as-is.
Reported R4 zoning applies to the property. Any plans involving expansion, added residential units, conversion, or redevelopment would require independent review of zoning, density, site constraints, parking rules, and applicable City of Boston approvals. The property is in Dorchester, with a Walk Score of 86, a Bike Score of 65, and a Transit Score of 67.
Reported R4 zoning applies to the property. Any plans involving expansion, added residential units, conversion, or redevelopment would require independent review of zoning, density, site constraints, parking rules, and applicable City of Boston approvals. The property is in Dorchester, with a Walk Score of 86, a Bike Score of 65, and a Transit Score of 67.
Key Highlights
- Four‑family residential property built in 1930
- 10 bedrooms and approximately 4,032 SF of living area
- 6,048 SF of total building area on a 7,905 SF lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$152,829
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,056,580
$3.1M
Cap Rate 7%
$2,183,271
$2.2M
Cap Rate 9%
$1,698,100
$1.7M
Market Conditions
NOI Build-Up for 6,048 SF
Gross rent
$228.6K $37.80/SF
− Vacancy
−$10.3K −$1.70/SF
EGI
$218.3K $36.10/SF
− OpEx
−$65.5K −$10.83/SF
NOI
$152.8K $25.27/SF
Area
Boston, MA
Vacancy
4.50%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,056,580
Cap Rate 7%
$2,183,271
Cap Rate 9%
$1,698,100
Alternative Uses
Best Use
Multifamily LT 5
$2.18M
$1.91M – $2.55M
NOI $152,829 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$2.03M
$1.78M – $2.37M
NOI $142,080 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$4.53M
$3.96M – $5.28M
NOI $317,012 @ 7.0% cap · market cap 15.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,393
Businesses Nearby
Explore this area
Business Placement
Demographics for 02124, MA
50,972
Population
21,264
Households
2.4
Avg Household Size
36
Median Age
31%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
16,991
Density / Sq Mi
$79,168
Median Household Income
$43,483
Median Earnings
$1,783
Median Rent
$607,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - A two-story residential income property combines multiple bedrooms with substantial garage capacity on a large Dorchester lot.
Where is this quadplex located?
The property is located at 42 Florida St Boston, MA.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Four‑family residential property built in 1930; 10 bedrooms and approximately 4,032 SF of living area; 6,048 SF of total building area on a 7,905 SF lot
