9-Bedroom
New
For Sale
$1,100,000
66 Pleasant Street, Boston, MA 02125
Residential Income, Boston, MA
Property Size3,204 SF
Lot Size0.10 Acres
Price / SF$343.32
Days on Market7
Property Features for 66 Pleasant Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
2F-5000
Bedrooms
9
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 8, Bedroom 1, Bedroom 3, Bedroom 7, Bedroom 4, Bedroom 6, Bedroom 5, Bedroom 9, Bedroom 2, Bathroom 2
Parking
2
Elementary school
Edward Everett Elementary
High school
Boston Dream Academy
Directions
Please follow GPS
Subdivision
Dorchester's Savin Hill
Standard status
Active
APN
1305513
Size
3,204 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12264
Building Details
Year built
1928
Floors in Building
3
Number of units
2
Listing Agency:
Keller Williams Realty Boston South West
Listed By:
Iris Papagno
(781) 251-2101
Added: Sep 27
Changed: Oct 2
Last Checked: Oct 3 at 3:06AM
MLS# 73583097
Copyright © 2026 MLS Property Information Network Inc. 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.
This 3,204-square-foot duplex sits on a 0.1-acre lot in Boston and was built in 1928. The room information lists nine bedrooms and two bathrooms. The basement has high ceilings and a partially finished bathroom; its area is not included in the stated building size.
The property is at 66 Pleasant Street in the Savin Hill area of Dorchester, near schools, a train station, and beaches. It is zoned 2F-5000.
The property is at 66 Pleasant Street in the Savin Hill area of Dorchester, near schools, a train station, and beaches. It is zoned 2F-5000.
Key Highlights
- 3,204 square feet on a 0.1‑acre lot
- Nine bedrooms and two bathrooms listed
- High‑ceiling basement with a partially finished bathroom; basement area excluded from stated square footage
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
$80,963
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
7.36%
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%
$1,619,260
$1.6M
Cap Rate 7%
$1,156,614
$1.2M
Cap Rate 9%
$899,589
$899.6K
Market Conditions
NOI Build-Up for 3,204 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
$121.1K $37.80/SF
− Vacancy
−$5.5K −$1.70/SF
EGI
$115.7K $36.10/SF
− OpEx
−$34.7K −$10.83/SF
NOI
$81.0K $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%
$1,619,260
Cap Rate 7%
$1,156,614
Cap Rate 9%
$899,589
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.01M – $1.35M
NOI $80,963 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$1.08M
$940.9K – $1.25M
NOI $75,268 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,941 @ 7.0% cap · market cap 15.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,553
Businesses Nearby
Explore this area
Business Placement
Demographics for 02125, MA
34,926
Population
14,999
Households
2.3
Avg Household Size
32
Median Age
42%
College-Educated
87%
High-School Grad
2.2 sq mi
ZIP Area
15,875
Density / Sq Mi
$71,810
Median Household Income
$52,106
Median Earnings
$1,897
Median Rent
$645,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - The residence includes a high-ceiling basement with a partially finished bathroom.
Where is this duplex located?
The property is located at 66 Pleasant Street Boston, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3,204 square feet on a 0.1‑acre lot; Nine bedrooms and two bathrooms listed; High‑ceiling basement with a partially finished bathroom; basement area excluded from stated square footage
