Updated Three-Family
New
For Sale
$2,675,000
44 Mozart Street, Boston, MA 02130
Three updated residences offer large-bedroom layouts, private outdoor space, central air, in-unit laundry, and tandem off-street parking.
Property Size4,608 SF
Price / SF$580.51
Days on Market3
Property Features for 44 Mozart Street
General Information
Standard status
Active
Size
4,608 SF
Property subtype
Multi-family
Financials
Cap Rate
6.23%
Gross Income
$208,500
Units
Unit Mix
5-bedroom, 3-bath lower duplex, 4-bedroom, 2-bath floor-through, 5-bedroom, 3-bath penthouse duplex
Multifamily Units
3
Additional Details
Public Transit
Yes
Amenities
updated kitchens
granite countertops
stainless steel appliances
modern baths
hardwood floors
central air
in-unit laundry
private rear outdoor space
Building Details
Year Built
1920
Listing Agency:
Compass
Listed By:
Mission Realty Advisors
(617) 420-9033
Source:
Sredboston
Added: Sep 8
Changed: Sep 9
Last Checked: Sep 9 at 2:37PM
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 Compass
Investment Insights
Based on property information with market context.
This three-family property contains 4,608 square feet across three updated residences: a 5-bedroom, 3-bath lower duplex, a 4-bedroom, 2-bath floor-through unit, and a 5-bedroom, 3-bath penthouse duplex. The 14-bedroom, 8-bath configuration includes generous living areas, updated kitchens with granite countertops and stainless steel appliances, modern bathrooms, hardwood flooring, central air, in-unit laundry, and private rear outdoor space. Tandem off-street parking adds further functionality.
Located at 44 Mozart Street in Jamaica Plain, the property sits just off Centre Street and approximately 0.3 miles from Jackson Square Orange Line Station. The location provides access to the Longwood Medical Area, Northeastern University, Downtown Boston, public transportation, and nearby restaurants, shops, parks, and other neighborhood amenities. The property has a 6.23% in-place cap rate and was built in 1920.
Located at 44 Mozart Street in Jamaica Plain, the property sits just off Centre Street and approximately 0.3 miles from Jackson Square Orange Line Station. The location provides access to the Longwood Medical Area, Northeastern University, Downtown Boston, public transportation, and nearby restaurants, shops, parks, and other neighborhood amenities. The property has a 6.23% in-place cap rate and was built in 1920.
Key Highlights
- 4,608‑square‑foot three‑family property with 14 bedrooms and 8 baths
- Unit mix includes a 5‑bedroom lower duplex, 4‑bedroom floor‑through, and 5‑bedroom penthouse duplex
- 6.23% in‑place cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$116,441
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,328,820
$2.3M
Cap Rate 7%
$1,663,443
$1.7M
Cap Rate 9%
$1,293,789
$1.3M
Market Conditions
NOI Build-Up for 4,608 SF
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.
Gross rent
$174.2K $37.80/SF
− Vacancy
−$7.8K −$1.70/SF
EGI
$166.3K $36.10/SF
− OpEx
−$49.9K −$10.83/SF
NOI
$116.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,328,820
Cap Rate 7%
$1,663,443
Cap Rate 9%
$1,293,789
Alternative Uses
Best Use
Multifamily LT 5
$1.66M
$1.46M – $1.94M
NOI $116,441 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$1.55M
$1.35M – $1.80M
NOI $108,251 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$3.45M
$3.02M – $4.03M
NOI $241,533 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,226
Businesses Nearby
Explore this area
Business Placement
Demographics for 02130, MA
38,284
Population
18,802
Households
2
Avg Household Size
36
Median Age
73%
College-Educated
94%
High-School Grad
3.5 sq mi
ZIP Area
10,938
Density / Sq Mi
$130,533
Median Household Income
$73,238
Median Earnings
$2,434
Median Rent
$763,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three updated residences offer large-bedroom layouts, private outdoor space, central air, in-unit laundry, and tandem off-street parking.
Where is this triplex located?
The property is located at 44 Mozart Street Boston, MA.
What is the asking price?
The asking price for this property is $2,675,000.
What are key features of this property?
This property features: 4,608‑square‑foot three‑family property with 14 bedrooms and 8 baths; Unit mix includes a 5‑bedroom lower duplex, 4‑bedroom floor‑through, and 5‑bedroom penthouse duplex; 6.23% in‑place cap rate
