5-Unit Mixed-Use Apartment
693B Dudley, Boston, MA 02125
For Sale
$1,600,000
Brick property combines four residential apartments with a commercial suite near commuter rail service.
Property Size4,639 SF
Price / SF$344.90
Days on Market47
Property Features for 693B Dudley
General Information
Standard status
Size
Property subtype
Net Operating Income
Site & Location
Neighborhood
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Additional Details
Opportunity Zone
Sprinkler System
Taxes and HOA fees
Annual Taxes
Amenities
intercoms
Building Details
Building Size
Year Built
Buildings
Construction
Tenancy
Listing Agency:
Yannios R E Investment Sales
Listed By:
James Yannios · License #9052901
(781) 224-0081
Source:
413realestate
Added: Sep 22
Changed: Nov 6
Last Checked: Nov 6 at 5:47AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1931, this brick mixed-use building contains five units: four two-bedroom apartments and one commercial space. The structure was fully gutted and rehabilitated, with updated intercoms, electrical subpanels, newer electrical service, gas-fired heat, and fire sprinklers. The building is maintained in clean condition, and an adjacent separate lot is paved and vacant.
The property is in Boston’s Upham Corner area, with commuter rail service directly across the street and multiple surrounding amenities. The commercial unit is leased for 5 years with 2–5-year renewal options. The property also lies within an opportunity zoning district.
The property is in Boston’s Upham Corner area, with commuter rail service directly across the street and multiple surrounding amenities. The commercial unit is leased for 5 years with 2–5-year renewal options. The property also lies within an opportunity zoning district.
Key Highlights
- Five‑unit configuration with 4 two‑bedroom apartments and 1 commercial unit
- Gutted and rehabilitated building with updated intercoms and subpanels
- Newer electric service, gas‑fired heat, and fire sprinklers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,250
Cap Rate
7.08%
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 7.08%
Second Best
Apartment 5plus
$1.56M
$1.36M – $1.82M
NOI $108,980 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$3.47M
$3.04M – $4.05M
NOI $243,158 @ 7.0% cap · market cap 15.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Utilities to site
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
$645,400
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Boston, MA
Properties on Market for Apartment buildings in Boston
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Brick property combines four residential apartments with a commercial suite near commuter rail service.
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 $1,600,000.
What are key features of this property?
This property features: Five‑unit configuration with 4 two‑bedroom apartments and 1 commercial unit; Gutted and rehabilitated building with updated intercoms and subpanels; Newer electric service, gas‑fired heat, and fire sprinklers
