Triplex with Updated
For Sale
$1,249,900
Pending
569 Norfolk St, Boston, MA 02126
Residential Income, Boston, MA
Property Size4,293 SF
Lot Size0.09 Acres
Days on Market47
Property Features for 569 Norfolk St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
12
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 10, Bathroom 2, Bedroom 2, Bedroom 11, Bedroom 6, Bedroom 12, Bedroom 3, Bathroom 3, Bedroom 8, Bedroom 4, Bedroom 9, Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 7
Fireplace
1
Directions
Blue Hills Ave to Norfolk
Standard status
Pending
APN
W:18 P:00892 S:000,1359338
Size
4,293 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9924
Building Details
Year built
1905
Floors in Building
3
Number of units
3
Listing Agency:
Keller Williams Realty Boston Northwest
(617) 497-8900
Listed By:
Christina Hill
(978) 369-5775
Added: Sep 2
Changed: Oct 17
Last Checked: Oct 18 at 5:06AM
MLS# 73571388
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This three-unit residential property contains 4,293 SF on a 0.0895-acre lot and dates to 1905. Two apartments are vacant and include updated kitchens, while the third unit is occupied under an existing rental arrangement. A fireplace is also included in the property’s interior features.
The building is zoned R3 and sits at 569 Norfolk St in Boston’s 02126 ZIP code. Boilers and water heaters were installed in 2023, providing recent updates to key building systems. The three-unit layout supports an owner-occupant arrangement, continued rental use, or housing for extended family, as described by the existing unit configuration.
The building is zoned R3 and sits at 569 Norfolk St in Boston’s 02126 ZIP code. Boilers and water heaters were installed in 2023, providing recent updates to key building systems. The three-unit layout supports an owner-occupant arrangement, continued rental use, or housing for extended family, as described by the existing unit configuration.
Key Highlights
- Three‑unit property with 4,293 SF of building area
- Units 1 and 2 are vacant with updated kitchens
- Unit 3 is currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,481
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,169,620
$2.2M
Cap Rate 7%
$1,549,729
$1.5M
Cap Rate 9%
$1,205,344
$1.2M
Market Conditions
NOI Build-Up for 4,293 SF
Gross rent
$162.3K $37.80/SF
− Vacancy
−$7.3K −$1.70/SF
EGI
$155.0K $36.10/SF
− OpEx
−$46.5K −$10.83/SF
NOI
$108.5K $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 Rate 5%
$2,169,620
Cap Rate 7%
$1,549,729
Cap Rate 9%
$1,205,344
Alternative Uses
Best Use
Multifamily LT 5
$1.55M
$1.36M – $1.81M
NOI $108,481 @ 7.0% cap · market cap 8.68%
Second Best
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,851 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$3.21M
$2.81M – $3.75M
NOI $225,022 @ 7.0% cap · market cap 18.00%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
Explore this area
Business Placement
Demographics for 02126, MA
22,734
Population
9,617
Households
2.4
Avg Household Size
38
Median Age
24%
College-Educated
87%
High-School Grad
1.8 sq mi
ZIP Area
12,630
Density / Sq Mi
$67,206
Median Household Income
$42,397
Median Earnings
$1,659
Median Rent
$515,000
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
Frequently Asked Questions
What type of property is this?
Triplex - Two apartments are vacant, while the third is leased and producing rental income.
Where is this triplex located?
The property is located at 569 Norfolk St Boston, MA.
What is the asking price?
The asking price for this property is $1,249,900.
What are key features of this property?
This property features: Three‑unit property with 4,293 SF of building area; Units 1 and 2 are vacant with updated kitchens; Unit 3 is currently rented
