Three-Unit Multifamily
New
For Sale
$1,299,000
52 Hartford St, Boston, MA 02125
Well-maintained triplex with updated interiors, private laundry, central air conditioning, and parking for four vehicles.
Property Size3,486 SF
Price / SF$372.63
Days on Market4
Property Features for 52 Hartford St
General Information
Standard status
Active
Size
3,486 SF
Total Parking Spaces
4
Property subtype
3 Family
Units
Unit Mix
2 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Amenities
high ceilings
hardwood floors
updated kitchens
updated bathrooms
in-unit laundry
central a/c
ample storage
natural light
deck
Building Details
Year Built
1910
Listing Agency:
Collins McKinney Real Estate & Investments
(617) 596-9179
Listed By:
Catherine McDermott
(617) 513-6601
Source:
Lockandkeyre
Added: Sep 7
Changed: Sep 9
Last Checked: Sep 9 at 3:43PM
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 Collins McKinney Real Estate & Investments
Investment Insights
Based on property information with market context.
This 3,486-square-foot triplex, built in 1910, contains three residential units with a practical floor-by-floor layout. The first and second floors each offer 3 bedrooms and 1 bathroom, while the third floor includes 2 bedrooms and 1 bathroom. The second-floor apartment also has a deck. Across the property, features include high ceilings, hardwood flooring, updated kitchens and bathrooms, in-unit laundry, central A/C, gas heating, storage, and abundant natural light.
Recent property improvements include new plumbing and electrical systems and water tanks. All units are lead paint compliant. The building provides parking for four vehicles and is located at 52 Hartford St in Boston, near shopping, dining, parks, and neighborhood amenities.
Recent property improvements include new plumbing and electrical systems and water tanks. All units are lead paint compliant. The building provides parking for four vehicles and is located at 52 Hartford St in Boston, near shopping, dining, parks, and neighborhood amenities.
Key Highlights
- 3,486‑square‑foot triplex built in 1910
- Unit mix includes 3 bed / 1 bath, 3 bed / 1 bath, and 2 bed / 1 bath apartments
- Second‑floor unit includes a deck
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
$88,089
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
6.78%
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%
$1,761,780
$1.8M
Cap Rate 7%
$1,258,414
$1.3M
Cap Rate 9%
$978,767
$978.8K
Market Conditions
NOI Build-Up for 3,486 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
$131.8K $37.80/SF
− Vacancy
−$5.9K −$1.70/SF
EGI
$125.8K $36.10/SF
− OpEx
−$37.8K −$10.83/SF
NOI
$88.1K $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%
$1,761,780
Cap Rate 7%
$1,258,414
Cap Rate 9%
$978,767
Alternative Uses
Best Use
Multifamily LT 5
$1.26M
$1.10M – $1.47M
NOI $88,089 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,893 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,722 @ 7.0% cap · market cap 14.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,747
Businesses Nearby
Explore this area
Business Placement
Demographics for 02125, MA
34,926
Population
14,999
Households
2.3
Avg Household Size
32
Median Age
42%
College-Educated
87%
High-School Grad
2.2 sq mi
ZIP Area
15,875
Density / Sq Mi
$71,810
Median Household Income
$52,106
Median Earnings
$1,897
Median Rent
$645,400
Median Home Value
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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 - Well-maintained triplex with updated interiors, private laundry, central air conditioning, and parking for four vehicles.
Where is this triplex located?
The property is located at 52 Hartford St Boston, MA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 3,486‑square‑foot triplex built in 1910; Unit mix includes 3 bed / 1 bath, 3 bed / 1 bath, and 2 bed / 1 bath apartments; Second‑floor unit includes a deck
