Renovated Transit-Oriented
For Sale
$1,499,000
5 Ellery, Boston, MA 02127
Income-producing rental property with Red Line access and a renovated interior.
Property Size2,823 SF
Price / SF$530
Days on Market34
Property Features for 5 Ellery
General Information
Standard status
Active
Size
2,823 SF
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Year Built
1905
Listing Agency:
RE/MAX Realty Plus
Listed By:
Jim Fitzgerald
(617) 694-0004
Source:
Somervillelofts
Added: Sep 2
Changed: Oct 4
Last Checked: Oct 4 at 9:57AM
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 RE/MAX Realty Plus
Investment Insights
Based on property information with market context.
This renovated triplex in South Boston provides an income-producing residential rental configuration within a 2,823-square-foot property. Built in 1905, the asset combines historic building stock with updated interior improvements and a three-unit layout.
The property is located at 5 Ellery in Boston, with access to the Red Line train. Transit Score is 100/100, while Walk Score is 90/100. Interstate 93 North/South and the Massachusetts Turnpike are approximately two minutes away, connecting the property with broader Boston-area transportation routes. Its setting also places it within the South Boston rental market and near the Dorchester Avenue corridor.
The property is located at 5 Ellery in Boston, with access to the Red Line train. Transit Score is 100/100, while Walk Score is 90/100. Interstate 93 North/South and the Massachusetts Turnpike are approximately two minutes away, connecting the property with broader Boston-area transportation routes. Its setting also places it within the South Boston rental market and near the Dorchester Avenue corridor.
Key Highlights
- Renovated three‑unit triplex
- 2,823 square feet
- Built in 1905
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,335
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,426,700
$1.4M
Cap Rate 7%
$1,019,071
$1.0M
Cap Rate 9%
$792,611
$792.6K
Market Conditions
NOI Build-Up for 2,823 SF
Gross rent
$106.7K $37.80/SF
− Vacancy
−$4.8K −$1.70/SF
EGI
$101.9K $36.10/SF
− OpEx
−$30.6K −$10.83/SF
NOI
$71.3K $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%
$1,426,700
Cap Rate 7%
$1,019,071
Cap Rate 9%
$792,611
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$891.7K – $1.19M
NOI $71,335 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$947.4K
$829.0K – $1.11M
NOI $66,318 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$2.11M
$1.85M – $2.47M
NOI $147,970 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,771
Businesses Nearby
Explore this area
Business Placement
Demographics for 02127, MA
37,939
Population
19,495
Households
1.9
Avg Household Size
31
Median Age
69%
College-Educated
95%
High-School Grad
2.1 sq mi
ZIP Area
18,066
Density / Sq Mi
$156,373
Median Household Income
$85,444
Median Earnings
$2,435
Median Rent
$858,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Income-producing rental property with Red Line access and a renovated interior.
Where is this triplex located?
The property is located at 5 Ellery Boston, MA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Renovated three‑unit triplex; 2,823 square feet; Built in 1905
