Residential Income Property with
For Sale
$814,999
577 Baker St, Boston, MA 02132
Townhouse-style condominium with private outdoor space, flexible three-level living, and direct access to a heated garage.
Property Size1,600 SF
Price / SF$509.37
Days on Market39
Property Features for 577 Baker St
General Information
Standard status
Active
Size
1,600 SF
Total Parking Spaces
2
Property subtype
Apartment
Additional Details
Multifamily Units
1
Amenities
hardwood floors
bay windows
gas fireplace
stainless steel appliances
private patio
walk-in closet
double-vanity bath
in-unit laundry
Range
Dishwasher
Disposal
Microwave
Refrigerator
Washer
Dryer
Central Air
1 Fireplace
Wood
Tile
Flooring - Hardwood
Forced Air, Natural Gas
3.0 Stories
$10,443 Taxes
Public
Built in 2019
Building Details
Year Built
2019
Stories
3
Construction
townhouse-style
Listing Agency:
eXp Realty LLC
(888) 854-7493
Listed By:
Candor Investment Group
Source:
Donahuere
Added: Jul 16
Changed: Aug 21
Last Checked: Aug 22 at 3:33AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
Built in 2019, this townhouse-style condominium provides approximately 1,600 square feet of heated living area arranged across three levels. The main floor combines hardwood flooring, bay windows, a gas fireplace, and an open kitchen equipped with stainless steel appliances, extensive cabinetry, and pantry storage. A private patio extends the living area outdoors.
The residence includes a heated two-car garage with direct interior entry and built-in storage. Upstairs, the primary suite features a walk-in closet and a bathroom with a double vanity. A second bedroom, additional full bathroom, and in-unit laundry complete the upper-level layout. The property is located in Brook Farm in West Roxbury, near the Newton line.
The residence includes a heated two-car garage with direct interior entry and built-in storage. Upstairs, the primary suite features a walk-in closet and a bathroom with a double vanity. A second bedroom, additional full bathroom, and in-unit laundry complete the upper-level layout. The property is located in Brook Farm in West Roxbury, near the Newton line.
Key Highlights
- 2019‑built townhouse‑style condominium in Brook Farm, West Roxbury
- Approximately 1,600 sq. ft. of heated living space across three levels
- Heated two‑car garage with direct interior access and built‑in storage
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
$37,587
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
4.61%
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%
$751,740
$751.7K
Cap Rate 7%
$536,957
$537.0K
Cap Rate 9%
$417,633
$417.6K
Market Conditions
NOI Build-Up for 1,600 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
$71.0K $44.40/SF
− Vacancy
−$2.7K −$1.69/SF
EGI
$68.3K $42.71/SF
− OpEx
−$30.8K −$19.22/SF
NOI
$37.6K $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%
$751,740
Cap Rate 7%
$536,957
Cap Rate 9%
$417,633
Alternative Uses
Best Use
Apartment 5plus
$537.0K
$469.8K – $626.5K
NOI $37,587 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,866 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
Explore this area
Business Placement
Demographics for 02132, MA
27,111
Population
11,967
Households
2.3
Avg Household Size
44
Median Age
64%
College-Educated
95%
High-School Grad
4.9 sq mi
ZIP Area
5,533
Density / Sq Mi
$139,545
Median Household Income
$75,760
Median Earnings
$2,140
Median Rent
$714,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Townhouse-style condominium with private outdoor space, flexible three-level living, and direct access to a heated garage.
Where is this residential income property located?
The property is located at 577 Baker St Boston, MA.
What is the asking price?
The asking price for this property is $814,999.
What are key features of this property?
This property features: 2019‑built townhouse‑style condominium in Brook Farm, West Roxbury; Approximately 1,600 sq. ft. of heated living space across three levels; Heated two‑car garage with direct interior access and built‑in storage
