Three-Bedroom Residential Income
For Sale
$605,000
52 Withington St, Boston, MA 02124
Rear-corner condominium with open living space, private balcony, and in-unit laundry.
Property Size1,010 SF
Price / SF$599.01
Days on Market51
Property Features for 52 Withington St
General Information
Standard status
Active
Size
1,010 SF
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Amenities
in-unit laundry
private balcony
walk-in closet
spa-like shower
double vanity
high-efficiency heat pump
programmable thermostat
quartz countertops
2-tone cabinets
stainless steel appliances
Central Air
Tile
Hardwood
Forced Air, Electric
1.0 Story
$6,957 Taxes
Public
Built in 2023
Building Details
Year Built
2023
Listing Agency:
Coldwell Banker Realty - Boston
(617) 266-4430
Listed By:
Mac Chinsomboon
Source:
Donahuere
Added: Jun 24
Changed: Aug 12
Last Checked: Aug 12 at 3:16AM
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 Coldwell Banker Realty - Boston
Investment Insights
Based on property information with market context.
Completed in 2023, this rear-corner condominium provides 1,010 square feet with three bedrooms and two bathrooms. The interior follows an open layout, with a designer kitchen featuring quartz countertops, a peninsula, two-tone cabinetry, and stainless steel appliances. A private balcony extends the living area, while in-unit laundry adds everyday convenience.
The primary suite includes a walk-in closet and a bathroom with a spa-style shower and double vanity. Heating and cooling are provided by a high-efficiency heat pump controlled by a programmable thermostat. The property is located at 52 Withington St, Boston, MA 02124.
The primary suite includes a walk-in closet and a bathroom with a spa-style shower and double vanity. Heating and cooling are provided by a high-efficiency heat pump controlled by a programmable thermostat. The property is located at 52 Withington St, Boston, MA 02124.
Key Highlights
- 2023 new construction
- Rear‑corner condominium with 1,010 square feet
- Three bedrooms and two bathrooms
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
$23,727
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
3.92%
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%
$474,540
$474.5K
Cap Rate 7%
$338,957
$339.0K
Cap Rate 9%
$263,633
$263.6K
Market Conditions
NOI Build-Up for 1,010 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
$44.8K $44.40/SF
− Vacancy
−$1.7K −$1.69/SF
EGI
$43.1K $42.71/SF
− OpEx
−$19.4K −$19.22/SF
NOI
$23.7K $23.49/SF
Area
Boston, MA
Vacancy
3.80%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
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%
$474,540
Cap Rate 7%
$338,957
Cap Rate 9%
$263,633
Alternative Uses
Best Use
Apartment 5plus
$339.0K
$296.6K – $395.5K
NOI $23,727 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$756.3K
$661.8K – $882.3K
NOI $52,940 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,523
Businesses Nearby
Explore this area
Business Placement
Demographics for 02124, MA
50,972
Population
21,264
Households
2.4
Avg Household Size
36
Median Age
31%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
16,991
Density / Sq Mi
$79,168
Median Household Income
$43,483
Median Earnings
$1,783
Median Rent
$607,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Rear-corner condominium with open living space, private balcony, and in-unit laundry.
Where is this residential income property located?
The property is located at 52 Withington St Boston, MA.
What is the asking price?
The asking price for this property is $605,000.
What are key features of this property?
This property features: 2023 new construction; Rear‑corner condominium with 1,010 square feet; Three bedrooms and two bathrooms
