Three-Family Residential Income
7 Corbet Street Boston, MA 02124
7 Corbet Street, Boston, MA, 02124
$799,000
For Sale
$799,000
Turnkey three-family building offers three 1-bedroom units, including recent boiler and water-heater updates.
Property Size1,897 SF
Price / SF$421.19
Days on Market63
Property Features for 7 Corbet Street
General Information
- Standard status
- Active
- Size
- 1,897 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
eXp Realty LLC - Corporate Office
Listed by
The Denman Group
(617) 420-9033
Source
Sredboston
Added: May 20 Updated: Jul 20 at 10:42PM Checked: Jul 21 at 9:12AM
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 eXp Realty LLC - Corporate Office
Investment Insights
Based on property information with market context.
This turnkey three-family property features three easy-to-manage 1-bedroom units. Reported improvements include a 2021 water heater, 2011 boilers, and replacement of expansion tanks in 2024. Unit 2 and Unit 3 were recently refreshed in 2026, and Unit 1 is listed as TAW.
Unit 2 and Unit 3 are currently vacant, providing flexibility for an owner-occupant or an investor looking to set up new tenancy. Rents included with the listing are described as projected.
The property is presented for sale as a residential income asset suitable for a range of buyer strategies, including a 1031 exchange.
Unit 2 and Unit 3 are currently vacant, providing flexibility for an owner-occupant or an investor looking to set up new tenancy. Rents included with the listing are described as projected.
The property is presented for sale as a residential income asset suitable for a range of buyer strategies, including a 1031 exchange.
Key Highlights
- Three‑family property built in 1900 with three 1‑bedroom units
- Boiler system updates: boilers installed in 2011 and expansion tanks replaced in 2024
- 2021 water heater
Local Financial Insights For Multifamily LT 5
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 | $71.7k | $37.80 |
| − Vacancy | −$3.2k | −$1.70 |
| EGI | $68.5k | $36.10 |
| − OpEx | −$20.5k | −$10.83 |
| NOI | $47.9k | $25.27 |
1,897 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$684.8K
$599.2K – $798.9K
NOI $47,936 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$636.6K
$557.1K – $742.7K
NOI $44,564 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,433 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Turnkey three-family building offers three 1-bedroom units, including recent boiler and water-heater updates.
Where is this triplex located?
The property is located at 7 Corbet Street Boston, MA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Three‑family property built in 1900 with three 1‑bedroom units; Boiler system updates: boilers installed in 2011 and expansion tanks replaced in 2024; 2021 water heater
