Triplex with Renovated
57 Farragut Road, Boston, MA 02127
For Sale
New
$2,700,000
One residence has been renovated, while the upper two units have water views.
Property Size4,931 SF
Price / SF$547.56
Days on Market6
Property Features for 57 Farragut Road
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Road Access
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Compass
Listed By:
The Gaines Group
Source:
Highlandre
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 6 at 10:17AM
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 Compass
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Investment Insights
Based on property information with market context.
At 57 Farragut Road, this 4,931-square-foot triplex dates to 1884 and contains three units with 9+ bedrooms and five bathrooms. The first unit has been renovated and includes three bedrooms and two bathrooms. The second- and third-floor units have water views.
The property is near the beach, Sugar Bowl, a tennis court, parks, and neighborhood amenities. Its three-unit configuration and existing mix of renovated and upper-level residences are defining features of the building.
The property is near the beach, Sugar Bowl, a tennis court, parks, and neighborhood amenities. Its three-unit configuration and existing mix of renovated and upper-level residences are defining features of the building.
Key Highlights
- 4,931‑square‑foot building with three units
- 9+ bedrooms and 5 bathrooms across the property
- Renovated first unit has 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,603
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,492,060
$2.5M
Cap Rate 7%
$1,780,043
$1.8M
Cap Rate 9%
$1,384,478
$1.4M
Market Conditions
NOI Build-Up for 4,931 SF
Gross rent
$186.4K $37.80/SF
− Vacancy
−$8.4K −$1.70/SF
EGI
$178.0K $36.10/SF
− OpEx
−$53.4K −$10.83/SF
NOI
$124.6K $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%
$2,492,060
Cap Rate 7%
$1,780,043
Cap Rate 9%
$1,384,478
Alternative Uses
Best Use
Multifamily LT 5
$1.78M
$1.56M – $2.08M
NOI $124,603 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$1.65M
$1.45M – $1.93M
NOI $115,839 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$3.69M
$3.23M – $4.31M
NOI $258,463 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
823
Businesses Nearby
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Business Placement
Demographics for 02127, MA
37,939
Population
19,495
Households
1.9
Avg Household Size
31
Median Age
69%
College-Educated
95%
High-School Grad
2.1 sq mi
ZIP Area
18,066
Density / Sq Mi
$156,373
Median Household Income
$85,444
Median Earnings
$2,435
Median Rent
$858,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Boston, MA
Properties on Market for Triplexes in Boston
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - One residence has been renovated, while the upper two units have water views.
Where is this triplex located?
The property is located at 57 Farragut Road Boston, MA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 4,931‑square‑foot building with three units; 9+ bedrooms and 5 bathrooms across the property; Renovated first unit has 3 bedrooms and 2 bathrooms
