Renovated Triplex Rental
5 Ellery, Boston, MA 02127
For Sale
$1,399,000
Residential Income, Boston, MA
Property Size2,823 SF
Lot Size0.04 Acres
Price / SF$495.57
Days on Market59
Property Features for 5 Ellery
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
RE/MAX Realty Plus · RE/MAX International
Listed By:
James Fitzgerald
(617) 268-5100
Added: Sep 16
Changed: Oct 26
Last Checked: Nov 13 at 11:06PM
MLS# 73578536
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This renovated triplex is configured as a three-decker residential income property with 2,823 square feet of building area. The 1905 structure includes eight bedrooms and three bathrooms, supporting a multi-unit rental format on a 0.0365-acre parcel.
The property is located in Boston and benefits from access to the Red Line. Interstate 93 North and South and the Massachusetts Turnpike are approximately 2 minutes away. The surrounding location records a Transit Score of 100/100 and a Walk Score of 90/100, providing measurable access to transit and pedestrian amenities.
The property is located in Boston and benefits from access to the Red Line. Interstate 93 North and South and the Massachusetts Turnpike are approximately 2 minutes away. The surrounding location records a Transit Score of 100/100 and a Walk Score of 90/100, providing measurable access to transit and pedestrian amenities.
Key Highlights
- Renovated triplex with three‑decker configuration
- 2,823 square feet on a 0.0365‑acre lot
- Eight bedrooms and three bathrooms
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.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
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
$858,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Boston, MA
Properties on Market for Triplexes in Boston
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential building with renovated interiors and direct access to Boston’s Red Line transit service.
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 three‑decker configuration; 2,823 square feet on a 0.0365‑acre lot; Eight bedrooms and three bathrooms
