Three-Family Dwelling in
65 Ridgewood St Boston, MA 02122
For Sale
$900,000
Pending
Three-family dwelling needing updates in Meeting House Hill area.
Property Size2,919 SF
Days on Market111
Property Features for 65 Ridgewood St
General Information
Standard status
Pending
Size
2,919 SF
Property subtype
3 Family
Building Details
Year Built
1905
Listing Agency:
Jeff McDowell Realty LLC
(617) 438-2480
Listed By:
Jeffrey McDowell
(617) 438-2480
Source:
Lockandkeyre
Added: Apr 9
Changed: Jul 10
Last Checked: Jul 28 at 4:17AM
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 Jeff McDowell Realty LLC
Investment Insights
Based on property information with market context.
This three-family dwelling is located in the Meeting House Hill and Field Corner area and requires updates to kitchens, bathrooms, plumbing, and walls. The property is situated near schools, including UP Academy Charter School of Dorchester and Helen Y. Davis Leadership Academy Charter Public School. This is an estate sale, and the final sale is subject to Probate Court approval. The property, with a size of 2919 square feet, is being sold in As Is condition.
Key Highlights
- Three‑family dwelling offers income potential or multi‑generational living.
- Located in the Meeting House Hill and Field Corner area.
- Proximity to schools, including UP Academy Charter School of Dorchester and Helen Y. Davis Leadership Academy Charter Public School.
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 | $110.3k | $37.80 |
| − Vacancy | −$5.0k | −$1.70 |
| EGI | $105.4k | $36.10 |
| − OpEx | −$31.6k | −$10.83 |
| NOI | $73.8k | $25.27 |
2,919 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$922.0K – $1.23M
NOI $73,761 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$979.6K
$857.2K – $1.14M
NOI $68,573 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$2.19M
$1.91M – $2.55M
NOI $153,002 @ 7.0% cap · market cap 17.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Three-family dwelling needing updates in Meeting House Hill area.
Where is this triplex located?
The property is located at 65 Ridgewood St Boston, MA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Three‑family dwelling offers income potential or multi‑generational living.; Located in the Meeting House Hill and Field Corner area.; Proximity to schools, including UP Academy Charter School of Dorchester and Helen Y. Davis Leadership Academy Charter Public School.
