Triplex with Private
683 East 5th St, Boston, MA 02127
For Sale
New
$1,579,000
Pending
The first residence has an extended deck, and the other two units each have private outdoor space.
Property Size3,198 SF
Days on Market5
Property Features for 683 East 5th St
General Information
Standard status
Size
Property subtype
Zoning
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Seaport Realty Group
(617) 464-7320
Listed By:
Jennifer Reidy
(617) 216-4541
Source:
Condonrealty
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 9 at 10:36AM
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
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Investment Insights
Based on property information with market context.
This 3,198-square-foot triplex was built in 1905 and is zoned R3. The first unit contains two bedrooms and one bathroom, with an extended deck. Units 2 and 3 also have private decks. Unit 2 has been stripped to the studs, and the layouts of units 2 and 3 can be reconfigured for three-bedroom arrangements.
The property is three blocks from South Boston amenities that include the beach, restaurants, stores, and bus lines.
The property is three blocks from South Boston amenities that include the beach, restaurants, stores, and bus lines.
Key Highlights
- 3,198‑square‑foot triplex built in 1905
- R3 zoning
- Unit 1 has 2 bedrooms, 1 bathroom, and an extended deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,811
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,616,220
$1.6M
Cap Rate 7%
$1,154,443
$1.2M
Cap Rate 9%
$897,900
$897.9K
Market Conditions
NOI Build-Up for 3,198 SF
Gross rent
$120.9K $37.80/SF
− Vacancy
−$5.4K −$1.70/SF
EGI
$115.4K $36.10/SF
− OpEx
−$34.6K −$10.83/SF
NOI
$80.8K $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 Rate 5%
$1,616,220
Cap Rate 7%
$1,154,443
Cap Rate 9%
$897,900
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.35M
NOI $80,811 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$1.07M
$939.1K – $1.25M
NOI $75,128 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$2.39M
$2.10M – $2.79M
NOI $167,626 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
917
Businesses Nearby
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Business Placement
Demographics for 02127, MA
37,939
Population
19,495
Households
1.9
Avg Household Size
31
Median Age
69%
College-Educated
95%
High-School Grad
2.1 sq mi
ZIP Area
18,066
Density / Sq Mi
$156,373
Median Household Income
$85,444
Median Earnings
$2,435
Median Rent
$858,600
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Boston, MA
Properties on Market for Triplexes in Boston
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The first residence has an extended deck, and the other two units each have private outdoor space.
Where is this triplex located?
The property is located at 683 East 5th St Boston, MA.
What is the asking price?
The asking price for this property is $1,579,000.
What are key features of this property?
This property features: 3,198‑square‑foot triplex built in 1905; R3 zoning; Unit 1 has 2 bedrooms, 1 bathroom, and an extended deck
