Building Details

Building Size 6,775 SF

Year Built 1920

Stories 4

Listing Agency: Stony Brook & Lennox Realty Advisors Show Phone

Listed By: Markese Daise · License #9574297 Show Phone

Source: Churchillprop

Added: Nov 5, 2025 Changed: Oct 6 Last Checked: Oct 5 at 4:33PM

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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.

This multifamily property in the Boston/Dorchester area features approximately 7,000 square feet across four finished units. It presents a turnkey investment or owner-occupant opportunity with the potential to generate up to $170,000 annually in gross rents. The property includes four spacious units, with a finished lower level. It features new central air, updated plumbing and electrical systems, a new roof, siding, and gutters, as well as refinished hardwood floors. A two-car powered garage and additional parking are included. The property is centrally located near Franklin Park, a golf course, and public transit, with easy access to the Orange and Red Lines. It is also located minutes from Downtown Boston, universities, restaurants, and shops.

Key Highlights

• Almost 7,000 sq ft modern multi‑family property with 4 finished units.
• Potential to generate up to $170,000 annually in gross rents.
• Turnkey investment or owner‑occupant opportunity.**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$171,200

Cap Rate

7.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,424,000 $3.4M

Cap Rate 7%

$2,445,714 $2.4M

Cap Rate 9%

$1,902,222 $1.9M

Market Conditions

NOI Build-Up for 6,775 SF

Gross rent

$256.1K $37.80/SF

− Vacancy

−$11.5K −$1.70/SF

EGI

$244.6K $36.10/SF

− OpEx

−$73.4K −$10.83/SF

NOI

$171.2K $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%

$3,424,000

Cap Rate 7%

$2,445,714

Cap Rate 9%

$1,902,222

Alternative Uses

Best Use

Multifamily LT 5

$2.45M

$2.14M – $2.85M (±1% cap)

NOI $171,200 @ 7.0% cap · market cap 7.69%

Second Best

Apartment 5plus

$2.27M

$1.99M – $2.65M (±1% cap)

NOI $159,159 @ 7.0% cap · market cap 7.15%

Theoretical Best

Office A

$5.07M

$4.44M – $5.92M (±1% cap)

NOI $355,118 @ 7.0% cap · market cap 15.96%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Parking Lot & Garage Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,194

Businesses Nearby

Explore this area Business Placement

Demographics for 02121, MA

28,766

Population

11,384

Households

2.5

Avg Household Size

33

Median Age

21%

College-Educated

75%

High-School Grad

1.9 sq mi

ZIP Area

15,140

Density / Sq Mi

$38,565

Median Household Income

$33,700

Median Earnings

$1,316

Median Rent

$548,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this quadplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Quadplex - Turnkey investment property near Franklin Park with high income potential.

Where is this quadplex located?

The property is located at 69 Greenwood St Boston, MA.

What is the asking price?

The asking price for this property is $2,225,000.

What are key features of this property?

This property features: Almost 7,000 sq ft modern multi‑family property with 4 finished units.; Potential to generate up to $170,000 annually in gross rents.; Turnkey investment or owner‑occupant opportunity.**