Three-Unit Residential Income
For Sale
$3,250,000
52 Paul Gore St, Boston, MA 02130
Three residential units each offer three bedrooms, living/dining rooms, in-unit laundry, and eat-in kitchens.
Property Size4,845 SF
Lot Size0.50 Acres
Price / SF$670.79
Days on Market88
Property Features for 52 Paul Gore St
General Information
Standard status
Active
Size
4,845 SF
Total Parking Spaces
9
Lot size
0.50 Acres
Property subtype
Multi-Family
Zoning
R3
Net Operating Income
$39,600
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$19,171
Building Details
Building Size
4,845 SF
Year Built
1930
Stories
3
Listing Agency:
Bay Market Real Estate
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jun 11
Changed: Sep 5
Last Checked: Sep 5 at 5:32AM
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 Bay Market Real Estate
Investment Insights
Based on property information with market context.
This three-family residential income property features three bedrooms in each unit, along with a living room, dining room, eat-in kitchen, and in-unit laundry. The building includes classic architectural details, high ceilings, and spacious rooms. Per the seller, the first and second floor units have been freshly painted and updated with new hardwood flooring.
The property is offered for sale on approximately 21,896 sf of land, with easy access to public transportation. The seller also notes proximity to Jamaica Pond, major hospitals, universities, parks, shopping, and dining.
Buyers are encouraged to conduct their own due diligence regarding zoning, permitting, and development possibilities.
The property is offered for sale on approximately 21,896 sf of land, with easy access to public transportation. The seller also notes proximity to Jamaica Pond, major hospitals, universities, parks, shopping, and dining.
Buyers are encouraged to conduct their own due diligence regarding zoning, permitting, and development possibilities.
Key Highlights
- 3‑family property built in 1930 with approximately 21,896 SF of land
- Each of the 3 units includes 3 bedrooms, a living room, dining room, and eat‑in kitchen
- All units feature in‑unit laundry
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
$122,430
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
3.77%
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%
$2,448,600
$2.4M
Cap Rate 7%
$1,749,000
$1.7M
Cap Rate 9%
$1,360,333
$1.4M
Market Conditions
NOI Build-Up for 4,845 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
$183.1K $37.80/SF
− Vacancy
−$8.2K −$1.70/SF
EGI
$174.9K $36.10/SF
− OpEx
−$52.5K −$10.83/SF
NOI
$122.4K $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%
$2,448,600
Cap Rate 7%
$1,749,000
Cap Rate 9%
$1,360,333
Alternative Uses
Best Use
Multifamily LT 5
$1.75M
$1.53M – $2.04M
NOI $122,430 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$1.63M
$1.42M – $1.90M
NOI $113,819 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$3.63M
$3.17M – $4.23M
NOI $253,956 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,276
Businesses Nearby
Explore this area
Business Placement
Demographics for 02130, MA
38,284
Population
18,802
Households
2
Avg Household Size
36
Median Age
73%
College-Educated
94%
High-School Grad
3.5 sq mi
ZIP Area
10,938
Density / Sq Mi
$130,533
Median Household Income
$73,238
Median Earnings
$2,434
Median Rent
$763,700
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 - Three residential units each offer three bedrooms, living/dining rooms, in-unit laundry, and eat-in kitchens.
Where is this triplex located?
The property is located at 52 Paul Gore St Boston, MA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 3‑family property built in 1930 with approximately 21,896 SF of land; Each of the 3 units includes 3 bedrooms, a living room, dining room, and eat‑in kitchen; All units feature in‑unit laundry
