New Construction
New
For Sale
$2,785,999
64 Nelson, Boston, MA 02124
Newly built multifamily property with private outdoor areas, parking, EV charging, and an owned solar system.
Property Size7,179 SF
Days on Market2
Property Features for 64 Nelson
General Information
Standard status
Active
Size
7,179 SF
Total Parking Spaces
4
Property subtype
Multifamily
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Additional Details
Public Transit
Yes
Amenities
private decks
roof deck
central air conditioning
in-unit laundry
EV charging stations
solar energy system
Building Details
Building Size
7,179 SF
Year Built
2026
Buildings
1
Listing Agency:
Stony Brook & Lennox Realty Advisors
Listed By:
Markese Daise · License #9574297
(617) 905-4014
Source:
Classifiedrealtygroup
Added: Sep 4
Last Checked: Sep 4 at 2:15PM
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 Stony Brook & Lennox Realty Advisors
Investment Insights
Based on property information with market context.
Completed in 2026, this quadplex at 64 Nelson in Boston comprises four separate residences, each with three bedrooms and two full bathrooms. Every unit includes a private primary suite, open living and entertaining areas, custom kitchens and baths, central air conditioning, in-unit laundry, and a private deck. The building also includes a top-floor roof deck for shared outdoor use.
A dedicated parking lot provides off-street parking and EV charging stations. The property is equipped with an owned solar panel system. Its location offers access to the Red Line and MBTA, with connections toward Downtown Boston, Back Bay, and Cambridge. The complete offering combines four newly constructed residences within one multifamily building.
A dedicated parking lot provides off-street parking and EV charging stations. The property is equipped with an owned solar panel system. Its location offers access to the Red Line and MBTA, with connections toward Downtown Boston, Back Bay, and Cambridge. The complete offering combines four newly constructed residences within one multifamily building.
Key Highlights
- Four residences with 12 bedrooms and 8 full baths
- Completed in 2026 with newly constructed interiors
- Each residence includes a private primary suite, central air, and in‑unit laundry
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
$181,408
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
6.51%
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%
$3,628,160
$3.6M
Cap Rate 7%
$2,591,543
$2.6M
Cap Rate 9%
$2,015,644
$2.0M
Market Conditions
NOI Build-Up for 7,179 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
$271.4K $37.80/SF
− Vacancy
−$12.2K −$1.70/SF
EGI
$259.2K $36.10/SF
− OpEx
−$77.7K −$10.83/SF
NOI
$181.4K $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%
$3,628,160
Cap Rate 7%
$2,591,543
Cap Rate 9%
$2,015,644
Alternative Uses
Best Use
Multifamily LT 5
$2.59M
$2.27M – $3.02M
NOI $181,408 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$2.41M
$2.11M – $2.81M
NOI $168,649 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$5.38M
$4.70M – $6.27M
NOI $376,294 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,042
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Newly built multifamily property with private outdoor areas, parking, EV charging, and an owned solar system.
Where is this quadplex located?
The property is located at 64 Nelson Boston, MA.
What is the asking price?
The asking price for this property is $2,785,999.
What are key features of this property?
This property features: Four residences with 12 bedrooms and 8 full baths; Completed in 2026 with newly constructed interiors; Each residence includes a private primary suite, central air, and in‑unit laundry
