Three-Unit Multifamily
For Sale
$1,125,000
6 Harvard Park, Boston, MA 02124
Three residential units offer consistent layouts, private front decks, and a basement with possible future expansion.
Property Size3,663 SF
Days on Market47
Property Features for 6 Harvard Park
General Information
Standard status
Active
Size
3,663 SF
Property subtype
Multifamily
Site & Location
Neighborhood
Roxbury
Public Transit
Yes
Units
Unit Mix
3 x 3BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$94,808
Taxes and HOA fees
Annual Taxes
$12,180
Amenities
front decks
Building Details
Building Size
3,663 SF
Year Built
1925
Listing Agency:
Boston Realty Sales & Services
Listed By:
Beth Dailey
(617) 283-8860
Source:
Classifiedrealtygroup
Added: Sep 13
Changed: Oct 26
Last Checked: Oct 28 at 5:19AM
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 Boston Realty Sales & Services
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Investment Insights
Based on property information with market context.
Built in 1925, this three-unit residential property at 6 Harvard Park includes approximately 5,000+ gross square feet and more than 3,600 livable square feet. Each apartment has three bedrooms, one full bathroom, an eat-in kitchen, a living room, and practical room proportions, with a front deck serving each unit. Delead certificates are in place for all three residences.
The basement may support an accessory dwelling unit, subject to applicable City of Boston approvals. The property sits on a quiet dead-end street near public transportation, with ample street parking available for tenants. Its Dorchester Center location and established three-unit configuration provide a straightforward multifamily layout with additional basement utility.
The basement may support an accessory dwelling unit, subject to applicable City of Boston approvals. The property sits on a quiet dead-end street near public transportation, with ample street parking available for tenants. Its Dorchester Center location and established three-unit configuration provide a straightforward multifamily layout with additional basement utility.
Key Highlights
- Three‑unit property with approximately 5,000+ gross square feet
- More than 3,600 livable square feet
- Each unit includes 3 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,561
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,851,220
$1.9M
Cap Rate 7%
$1,322,300
$1.3M
Cap Rate 9%
$1,028,456
$1.0M
Market Conditions
NOI Build-Up for 3,663 SF
Gross rent
$138.5K $37.80/SF
− Vacancy
−$6.2K −$1.70/SF
EGI
$132.2K $36.10/SF
− OpEx
−$39.7K −$10.83/SF
NOI
$92.6K $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%
$1,851,220
Cap Rate 7%
$1,322,300
Cap Rate 9%
$1,028,456
Alternative Uses
Best Use
Multifamily LT 5
$1.32M
$1.16M – $1.54M
NOI $92,561 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$1.23M
$1.08M – $1.43M
NOI $86,051 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $192,000 @ 7.0% cap · market cap 17.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,521
Businesses Nearby
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Business Placement
Demographics for 02124, MA
50,972
Population
21,264
Households
2.4
Avg Household Size
36
Median Age
31%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
16,991
Density / Sq Mi
$79,168
Median Household Income
$43,483
Median Earnings
$1,783
Median Rent
$607,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer consistent layouts, private front decks, and a basement with possible future expansion.
Where is this triplex located?
The property is located at 6 Harvard Park Boston, MA.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Three‑unit property with approximately 5,000+ gross square feet; More than 3,600 livable square feet; Each unit includes 3 bedrooms and 1 full bathroom
