Renovated Three-Unit
For Sale
$1,999,000
57 Weld Hill Street, Boston, MA 02130
Three separately serviced residences offer updated interiors, private access, and a practical multifamily layout.
Property Size3,334 SF
Price / SF$599.58
Days on Market223
Property Features for 57 Weld Hill Street
General Information
Standard status
Active
Size
3,334 SF
Total Parking Spaces
3
Property subtype
Multi-family / 3 Family
Zoning
R3
Net Operating Income
$129,600
Taxes and HOA fees
Annual Taxes
$11,568
Amenities
No
Tile, Hardwood, Wood, Stone/Ceramic Tile
Range, Microwave, Refrigerator, Freezer, Dryer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Washer, ENERGY STAR Qualified Refrigerator
3.0
Insulated Windows
Electric Dryer Hookup
Concrete Floor, Unfinished Basement
Bathroom With Tub & Shower, Remodeled, Internet Available - Broadband, Living Room, Kitchen, Laundry Room
3
3.00
City, Yes
Frame
Shingle
Level
Balcony/Deck, City View(s), Porch, Deck - Wood
Porch, Deck - Wood
Building Details
Year Built
1880
Listing Agency:
Full Circle Realty LLC
(617) 721-0947
Listed By:
Christopher Mehr · License #150193
(617) 721-0947
Source:
Compass
Added: Jan 21
Changed: Aug 31
Last Checked: Aug 29 at 5:14PM
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 Full Circle Realty LLC
Investment Insights
Based on property information with market context.
Located at 57 Weld Hill Street in Boston’s Jamaica Plain area, this 1880 multifamily property contains three distinct residences with private entrances and separate utilities. The approximately 3,334-square-foot building has undergone extensive renovation, including new kitchens and bathrooms, custom cabinetry, contemporary appliances, updated electrical systems, and a new roof.
Interior features include hardwood, tile, wood, and stone or ceramic tile finishes, along with in-unit laundry equipment and insulated windows. The property also offers a porch, wood deck, balcony or deck areas, city views, and an unfinished basement with concrete flooring. R3 zoning supports its multifamily classification, while nearby transit, parks, and neighborhood amenities add to the surrounding residential context.
Interior features include hardwood, tile, wood, and stone or ceramic tile finishes, along with in-unit laundry equipment and insulated windows. The property also offers a porch, wood deck, balcony or deck areas, city views, and an unfinished basement with concrete flooring. R3 zoning supports its multifamily classification, while nearby transit, parks, and neighborhood amenities add to the surrounding residential context.
Key Highlights
- Three distinct residential units with private entrances and separate utilities
- Approximately 3,334 sq ft of renovated living space
- New kitchens and bathrooms across all three residences
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
$84,248
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
4.21%
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%
$1,684,960
$1.7M
Cap Rate 7%
$1,203,543
$1.2M
Cap Rate 9%
$936,089
$936.1K
Market Conditions
NOI Build-Up for 3,334 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
$126.0K $37.80/SF
− Vacancy
−$5.7K −$1.70/SF
EGI
$120.4K $36.10/SF
− OpEx
−$36.1K −$10.83/SF
NOI
$84.2K $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%
$1,684,960
Cap Rate 7%
$1,203,543
Cap Rate 9%
$936,089
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,248 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$1.12M
$979.0K – $1.31M
NOI $78,322 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$2.50M
$2.18M – $2.91M
NOI $174,755 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
667
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 separately serviced residences offer updated interiors, private access, and a practical multifamily layout.
Where is this triplex located?
The property is located at 57 Weld Hill Street Boston, MA.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Three distinct residential units with private entrances and separate utilities; Approximately 3,334 sq ft of renovated living space; New kitchens and bathrooms across all three residences
