Five-Unit Residential Income
533 Washington Street Boston, MA 02124
New
For Sale
$2,750,000
Gut-renovated Victorian converted to five residential units with brand-new sprinkler and fire alarm systems.
Property Size6,000 SF
Price / SF$458.33
Days on Market7
Property Features for 533 Washington Street
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 2026
Listing Agency:
Choose Boston,LLC
Listed By:
Zachary Feldshuh
(774) 280-2745
Source:
Broadboutique
Added: Jul 21
Changed: Jul 25
Last Checked: Jul 27 at 12:32AM
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 Choose Boston,LLC
Investment Insights
Based on property information with market context.
533 Washington Street is a gut-renovated Victorian converted into a five-unit residential income property. The building is described as having condo-quality finishes, with brand-new sprinkler and fire alarm systems installed. Exterior improvements include newly completed landscaping and a newly installed five-car driveway.
The property is located in Dorchester, with proximity to Codman Square and historic Melville Avenue, and is described as about 0.4 miles to the Shawmut Red Line MBTA.
The asset is offered for sale as a five-unit structure with recent system upgrades and exterior site enhancements supporting everyday resident use.
The property is located in Dorchester, with proximity to Codman Square and historic Melville Avenue, and is described as about 0.4 miles to the Shawmut Red Line MBTA.
The asset is offered for sale as a five-unit structure with recent system upgrades and exterior site enhancements supporting everyday resident use.
Key Highlights
- Completely gut‑renovated Victorian, YearBuilt 2026, converted into a five‑unit residential property
- New sprinkler and fire alarm systems installed
- Newly installed five‑car driveway provides on‑site parking for tenants
Financial Insights For Apartment 5plus
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 | $266.4k | $44.40 |
| − Vacancy | −$10.1k | −$1.69 |
| EGI | $256.3k | $42.71 |
| − OpEx | −$115.3k | −$19.22 |
| NOI | $141.0k | $23.49 |
6,000 SF · lease $44.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.01M
$1.76M – $2.35M
NOI $140,952 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.49M
$3.93M – $5.24M
NOI $314,496 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Gut-renovated Victorian converted to five residential units with brand-new sprinkler and fire alarm systems.
Where is this apartment building located?
The property is located at 533 Washington Street Boston, MA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Completely gut‑renovated Victorian, YearBuilt 2026, converted into a five‑unit residential property; New sprinkler and fire alarm systems installed; Newly installed five‑car driveway provides on‑site parking for tenants
