New Construction Four-Family
59 Gove St. Boston, MA 02128
For Sale
$2,699,000
Newly built four-family property with separately metered units, each offering two beds, two baths, and mini-splits.
Property Size3,325 SF
Price / SF$811.73
Days on Market32
Property Features for 59 Gove St.
General Information
Standard status
Active
Size
3,325 SF
Property subtype
4 Family - 4 Units Up/Down
Building Details
Year Built
2025
Listing Agency:
Massachusetts Bay Realty Advisors, LLC
(617) 872-4342
Listed By:
Adam Cutter · License #9510414
Source:
Capital-entities
Added: Jun 29
Changed: Jul 26
Last Checked: Jul 29 at 10:58AM
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 building for sale. The property consists of four separate units, each designed with two bedrooms and two bathrooms and served by three mini-splits. The rear exterior features steel stairs, and Unit 4 includes a private roof deck.
The units are separately metered, supporting independent utilities across the building.
While the property is identified as Maverick/Jeffries Point in the remarks, the listing describes the building’s core configuration as a four-unit, two-bed/ two-bath setup with dedicated mechanical systems and Unit 4’s added outdoor space.
The units are separately metered, supporting independent utilities across the building.
While the property is identified as Maverick/Jeffries Point in the remarks, the listing describes the building’s core configuration as a four-unit, two-bed/ two-bath setup with dedicated mechanical systems and Unit 4’s added outdoor space.
Key Highlights
- New construction 4‑family property built in 2025
- Each unit features 2 bedrooms and 2 bathrooms
- Units include 3 mini‑splits per unit
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 3.11%
Second Best
Apartment 5plus
$1.12M
$976.4K – $1.30M
NOI $78,111 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,283 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Newly built four-family property with separately metered units, each offering two beds, two baths, and mini-splits.
Where is this quadplex located?
The property is located at 59 Gove St. Boston, MA.
What is the asking price?
The asking price for this property is $2,699,000.
What are key features of this property?
This property features: New construction 4‑family property built in 2025; Each unit features 2 bedrooms and 2 bathrooms; Units include 3 mini‑splits per unit
