Remodeled Three-Unit
For Sale
$1,350,000
64 Bremen Street, Boston, MA 02128
Multi-Family, Boston, MA
Property Size3,707 SF
Lot Size0.04 Acres
Price / SF$364.18
Days on Market101
Property Features for 64 Bremen Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Basement, Bedroom 4, Bedroom 6, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 5
Patio and Porch features
Porch, Patio
Exterior features
Balcony, Dog Fence, Full Fence, Patio, Covered Porch
Fencing
Fenced
Appliances
Water Heater
Lot features
City Lot, Sidewalks, Walking Trails, Near Shopping, Near Public Transport, Near Hospital, Near School(s)
Standard status
Active
Size
3,707 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13088
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1910
Floors in Building
4
Number of units
3
Flooring type
Hardwood, Tile - Ceramic, Vinyl
Building materials
Stone Exterior, Vinyl Exterior
Architectural style
Other
Listing Agency:
DiPietro Group Real Estate
(603) 216-5086
Listed By:
Kimberlee Oliveira
(603) 216-5086
Added: May 12
Changed: Aug 20
Last Checked: Aug 20 at 2:06PM
MLS# 5088431
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 64 Bremen Street in Boston, this 1910 three-family property contains 3707 square feet on a 0.04-acre lot. The building combines stone and vinyl exterior materials with hardwood, ceramic tile, and vinyl flooring, along with forced-air heating and a public water source. Exterior features include a balcony, patio, covered porch, and full fencing.
The first- and second-floor apartments are rented, while the top-floor unit has been freshly painted and is ready for occupancy. Each unit benefits from separate utilities and storage closets. The property is in East Boston near Maverick Square T, the water shuttle, Logan Airport, highways, dining, and local amenities.
The first- and second-floor apartments are rented, while the top-floor unit has been freshly painted and is ready for occupancy. Each unit benefits from separate utilities and storage closets. The property is in East Boston near Maverick Square T, the water shuttle, Logan Airport, highways, dining, and local amenities.
Key Highlights
- Three‑family property with 3707 square feet on a 0.04‑acre lot
- Zoned R3 and located at 64 Bremen Street, Boston, MA 02128
- First- and second‑floor units are rented; top‑floor apartment is move‑in ready
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
$93,673
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
6.94%
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%
$1,873,460
$1.9M
Cap Rate 7%
$1,338,186
$1.3M
Cap Rate 9%
$1,040,811
$1.0M
Market Conditions
NOI Build-Up for 3,707 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
$140.1K $37.80/SF
− Vacancy
−$6.3K −$1.70/SF
EGI
$133.8K $36.10/SF
− OpEx
−$40.1K −$10.83/SF
NOI
$93.7K $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%
$1,873,460
Cap Rate 7%
$1,338,186
Cap Rate 9%
$1,040,811
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.17M – $1.56M
NOI $93,673 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$1.24M
$1.09M – $1.45M
NOI $87,085 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$2.78M
$2.43M – $3.24M
NOI $194,306 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,956
Businesses Nearby
Explore this area
Business Placement
Demographics for 02128, MA
43,066
Population
19,124
Households
2.3
Avg Household Size
33
Median Age
38%
College-Educated
77%
High-School Grad
5.0 sq mi
ZIP Area
8,613
Density / Sq Mi
$92,079
Median Household Income
$48,549
Median Earnings
$2,009
Median Rent
$680,000
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 - Updated three-family residence with separate utilities, unit storage, and a move-in-ready top-floor apartment.
Where is this triplex located?
The property is located at 64 Bremen Street Boston, MA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Three‑family property with 3707 square feet on a 0.04‑acre lot; Zoned R3 and located at 64 Bremen Street, Boston, MA 02128; First- and second‑floor units are rented; top‑floor apartment is move‑in ready
