New Construction
59 Gove Street Boston, MA 02128
59 Gove Street, Boston, MA, 02128
$2,750,000
For Sale
$2,750,000
Newly built four-family property with separately metered units, each featuring 2 beds, 2 baths, and mini-splits.
Property Size3,325 SF
Price / SF$827.07
Days on Market27
Property Features for 59 Gove Street
General Information
- Standard status
- Active
- Size
- 3,325 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 2025
Listing agency
Massachusetts Bay Realty Advisors,LLC
Listed by
Adam Cutter
(617) 731-4644
Source
Hammondre
Added: Jun 26 Updated: Jul 21 at 11:42PM Checked: Jul 22 at 7:06AM
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 Massachusetts Bay Realty Advisors,LLC
Investment Insights
Based on property information with market context.
New construction four-family (quadplex) offered for sale. The building consists of four separate residential units, each laid out as a 2-bedroom, 2-bath home. Each unit includes three mini-splits, providing individual heating and cooling. The exterior features steel rear stairs, and Unit 4 includes a private roof deck.
The property is located at 59 Gove Street in Boston, MA. All units are separately metered.
Unit 4’s private roof deck and the shared exterior access via steel rear stairs help support straightforward, independent unit living within the fourplex configuration.
The property is located at 59 Gove Street in Boston, MA. All units are separately metered.
Unit 4’s private roof deck and the shared exterior access via steel rear stairs help support straightforward, independent unit living within the fourplex configuration.
Key Highlights
- New construction four‑family property (Year Built 2025) with 4 separate units
- Each unit features 2 bedrooms and 2 bathrooms
- Units include 3 mini‑splits each
Local Financial Insights For Multifamily LT 5
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 | $125.7k | $37.80 |
| − Vacancy | −$5.7k | −$1.70 |
| EGI | $120.0k | $36.10 |
| − OpEx | −$36.0k | −$10.83 |
| NOI | $84.0k | $25.27 |
3,325 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,020 @ 7.0% cap · market cap 3.06%
Second Best
Apartment 5plus
$1.12M
$976.4K – $1.30M
NOI $78,111 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,283 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Newly built four-family property with separately metered units, each featuring 2 beds, 2 baths, and mini-splits.
Where is this quadplex located?
The property is located at 59 Gove 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: New construction four‑family property (Year Built 2025) with 4 separate units; Each unit features 2 bedrooms and 2 bathrooms; Units include 3 mini‑splits each
