Renovated Two-Building
66 Stanley Street Boston, MA 02125
For Sale
$3,149,000
Two-building multifamily featuring five total units and off-street parking, with gut-renovated updates across interiors.
Property Size5,945 SF
Price / SF$529.69
Days on Market123
Property Features for 66 Stanley Street
General Information
- Standard status
- Active
- Size
- 5,945 SF
- Property subtype
- Multi-family / 5+ Family - 5+ Units Up/Down
Building Details
- Year Built
- 1900
Listing Agency:
Seaport Realty Group
(617) 464-7320
Listed By:
Tara Dynan · License #9534352
(617) 464-7320
Source:
Compass
Added: Mar 27
Changed: Jul 23
Last Checked: Jul 26 at 1:52PM
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 Seaport Realty Group
Investment Insights
Based on property information with market context.
This offering includes two buildings on a quiet cul-de-sac, providing five total residential units. The front building has been fully gut-renovated and features modern interior upgrades including central HVAC, in-unit laundry, and tankless hot water systems. Units include two full baths, recessed lighting, new windows, hardwood floors, and updated kitchen finishes with quartz countertops, stainless steel appliances, and slab quartz backsplashes. Unit 3 offers a private deck, and Unit 1 includes a patio, with additional basement storage available.
The rear building contains two additional units updated with new countertops and appliances, complemented by a charming wraparound porch. The property also benefits from 8+ off-street parking spaces for resident use.
Overall, the configuration supports a streamlined, turn-key presentation for occupancy, with consistent renovation quality and multiple outdoor living spaces across the units.
The rear building contains two additional units updated with new countertops and appliances, complemented by a charming wraparound porch. The property also benefits from 8+ off-street parking spaces for resident use.
Overall, the configuration supports a streamlined, turn-key presentation for occupancy, with consistent renovation quality and multiple outdoor living spaces across the units.
Key Highlights
- Two‑building multifamily with 5 total units and 8+ off‑street parking spaces
- Fully gut‑renovated front building with modern interiors and high‑end finishes throughout
- Each unit features 2 full baths and includes in‑unit laundry and tankless hot water
Financial Insights For Apartment 5plus
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 | $264.0k | $44.40 |
| − Vacancy | −$10.0k | −$1.69 |
| EGI | $253.9k | $42.71 |
| − OpEx | −$114.3k | −$19.22 |
| NOI | $139.7k | $23.49 |
5,945 SF · lease $44.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.00M
$1.75M – $2.33M
NOI $139,660 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.45M
$3.90M – $5.19M
NOI $311,613 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Two-building multifamily featuring five total units and off-street parking, with gut-renovated updates across interiors.
Where is this apartment building located?
The property is located at 66 Stanley Street Boston, MA.
What is the asking price?
The asking price for this property is $3,149,000.
What are key features of this property?
This property features: Two‑building multifamily with 5 total units and 8+ off‑street parking spaces; Fully gut‑renovated front building with modern interiors and high‑end finishes throughout; Each unit features 2 full baths and includes in‑unit laundry and tankless hot water
