Renovated Triplex Near Red
For Sale
$1,399,000
5 Ellery, Boston, MA 02127
Income-producing rental property in an established South Boston location.
Property Size2,823 SF
Days on Market20
Property Features for 5 Ellery
General Information
Standard status
Active
Size
2,823 SF
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$18,105
Building Details
Building Size
2,823 SF
Year Built
1905
Stories
3
Units
3
Listing Agency:
RE/MAX Realty Plus
Listed By:
Jim Fitzgerald · License #9037420
(617) 438-5100
Source:
Elliman
Added: Sep 18
Changed: Oct 6
Last Checked: Oct 5 at 5:00PM
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, originally built in 1905, is configured as an income-producing rental property in South Boston. The three-decker format provides a distinct multifamily asset within an established residential setting.
The property is situated near Red Line transit and approximately 2 minutes from I-93 North and South and the Massachusetts Turnpike. Additional location context includes a bike score of 79 and access to the Dorchester Avenue corridor, an area identified for ongoing redevelopment.
The property is situated near Red Line transit and approximately 2 minutes from I-93 North and South and the Massachusetts Turnpike. Additional location context includes a bike score of 79 and access to the Dorchester Avenue corridor, an area identified for ongoing redevelopment.
Key Highlights
- Renovated triplex with income‑producing rental use
- Originally built in 1905
- Near Red Line train service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,335
Cap Rate
5.10%
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 5.10%
Second Best
Apartment 5plus
$947.4K
$829.0K – $1.11M
NOI $66,318 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$2.11M
$1.85M – $2.47M
NOI $147,970 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
Property 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
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 - Income-producing rental property in an established South Boston location.
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 $1,399,000.
What are key features of this property?
This property features: Renovated triplex with income‑producing rental use; Originally built in 1905; Near Red Line train service
