Five-Unit Mixed-Use Apartment
For Sale
$1,800,000
693b Dudley, Boston, MA 02125
Brick construction, updated systems, and a separate paved lot accompany the residential and commercial configuration.
Property Size4,639 SF
Price / SF$388.01
Days on Market28
Property Features for 693b Dudley
General Information
Standard status
Active
Size
4,639 SF
Property subtype
Multi-family
Units
Unit Mix
4 x 2BR
Multifamily Units
4
Additional Details
Opportunity Zone
Yes
Public Transit
Yes
Sprinkler System
Yes
Building Details
Year Built
1931
Buildings
1
Construction
brick
Listing Agency:
Yannios R E Investment Sales
Listed By:
James Yannios
(508) 287-2695
Source:
Demakis
Added: Sep 10
Changed: Oct 6
Last Checked: Oct 5 at 8:31PM
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 Yannios R E Investment Sales
Investment Insights
Based on property information with market context.
This 4,639-square-foot brick property contains five units, including four two-bedroom apartments and one commercial space. The building was gutted and rehabilitated, with updated intercoms and subpanels, newer electrical service, gas-fired heat, and newer fire sprinklers. The property was built in 1931 and includes a separate adjacent vacant paved lot.
The building is in Boston’s Upham Corner area, with commuter rail located across the street and area amenities nearby. It is situated in an opportunity zoning district. The commercial unit carries a five-year lease with two five-year renewal options. The property has been owned for 24 years and maintained in clean condition.
The building is in Boston’s Upham Corner area, with commuter rail located across the street and area amenities nearby. It is situated in an opportunity zoning district. The commercial unit carries a five-year lease with two five-year renewal options. The property has been owned for 24 years and maintained in clean condition.
Key Highlights
- Five‑unit configuration with four two‑bedroom apartments and one commercial unit
- 4,639‑square‑foot brick building constructed in 1931
- Gutted and rehabilitated with updated intercoms and electrical subpanels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,250
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,265,000
$2.3M
Cap Rate 7%
$1,617,857
$1.6M
Cap Rate 9%
$1,258,333
$1.3M
Market Conditions
NOI Build-Up for 4,639 SF
Gross rent
$194.8K $42.00/SF
− Vacancy
−$13.6K −$2.94/SF
EGI
$181.2K $39.06/SF
− OpEx
−$67.9K −$14.65/SF
NOI
$113.2K $24.41/SF
Area
Boston, MA
Vacancy
7.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,265,000
Cap Rate 7%
$1,617,857
Cap Rate 9%
$1,258,333
Alternative Uses
Best Use
Mixed Use
$1.62M
$1.42M – $1.89M
NOI $113,250 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$1.56M
$1.36M – $1.82M
NOI $108,980 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$3.47M
$3.04M – $4.05M
NOI $243,158 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,917
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick construction, updated systems, and a separate paved lot accompany the residential and commercial configuration.
Where is this apartment building located?
The property is located at 693b Dudley Boston, MA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Five‑unit configuration with four two‑bedroom apartments and one commercial unit; 4,639‑square‑foot brick building constructed in 1931; Gutted and rehabilitated with updated intercoms and electrical subpanels
