Three-Family Residential Income
51 Bowdoin Street Boston, MA 02124
New
51 Bowdoin Street, Boston, MA, 02124
$1,199,900
For Sale
$1,199,900
Three units each offer four bedrooms, a full bath, and newer kitchen finishes with tile and hardwood flooring.
Property Size3,840 SF
Price / SF$312.47
Days on Market4
Property Features for 51 Bowdoin Street
General Information
- Standard status
- Active
- Size
- 3,840 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1905
Listing agency
Real Broker MA,LLC
Listed by
Wai Yi Sammi Ng
(617) 846-8000
Source
Highlandre
Added: Jul 20 Updated: Jul 21 at 6:49AM Checked: Jul 22 at 7:53AM
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 Real Broker MA,LLC
Investment Insights
Based on property information with market context.
This large three-family residential income property features three separate units, each laid out with four bedrooms and one full bath. Kitchens in the units have newer finishes, and flooring consists of a combination of tile and hardwood.
Located in Dorchester near major highways and public transportation, the property also sits close to restaurants and shops, supporting convenient day-to-day access for occupants.
With a total size of 3,840 square feet, the building is well-suited for buyers seeking a straightforward multi-unit setup with consistent unit configurations.
Located in Dorchester near major highways and public transportation, the property also sits close to restaurants and shops, supporting convenient day-to-day access for occupants.
With a total size of 3,840 square feet, the building is well-suited for buyers seeking a straightforward multi-unit setup with consistent unit configurations.
Key Highlights
- 1905‑built large three‑family home in Dorchester
- Three units, each with 4 bedrooms and 1 full bath
- Each unit includes newer kitchen finishes
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $145.2k | $37.80 |
| − Vacancy | −$6.5k | −$1.70 |
| EGI | $138.6k | $36.10 |
| − OpEx | −$41.6k | −$10.83 |
| NOI | $97.0k | $25.27 |
3,840 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.39M
$1.21M – $1.62M
NOI $97,034 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$1.29M
$1.13M – $1.50M
NOI $90,209 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$2.88M
$2.52M – $3.35M
NOI $201,277 @ 7.0% cap · market cap 16.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three units each offer four bedrooms, a full bath, and newer kitchen finishes with tile and hardwood flooring.
Where is this triplex located?
The property is located at 51 Bowdoin Street Boston, MA.
What is the asking price?
The asking price for this property is $1,199,900.
What are key features of this property?
This property features: 1905‑built large three‑family home in Dorchester; Three units, each with 4 bedrooms and 1 full bath; Each unit includes newer kitchen finishes
