Updated Triplex with Garden
For Sale
$1,250,000
72 Wellington Hill Street, Boston, MA 02126
Updated triplex offers three residential units, including a finished lower-level walkout, with central air, parking, and yard space.
Property Size3,400 SF
Price / SF$367.65
Days on Market186
Property Features for 72 Wellington Hill Street
General Information
Standard status
Active
Size
3,400 SF
Property subtype
Multi-family
Building Details
Year Built
1919
Listing Agency:
Stony Brook & Lennox Realty Advisors
Listed By:
Markese Daise
(617) 765-8747
Source:
Perrydinatalerealty
Added: Mar 5
Changed: Sep 2
Last Checked: Sep 7 at 12:05PM
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.
An updated triplex configured as a 2-family with an additional finished third unit in the lower-level full walkout basement. The layout includes a bi-level 5-bedroom, 2-bath unit, a spacious 3-bedroom, 1-bath unit, and a 2-bedroom, 1-bath garden unit.
The property is located in the Wellington Hill area of Mattapan, with proximity to Mattapan’s shops, restaurants, and retail corridors, plus easy access to transit and Downtown Boston.
Recent improvements include a new roof, updated 200AMP electrical, updated plumbing, central air, and on-site yard space with parking. This configuration provides multiple unit options within a single updated income property.
The property is located in the Wellington Hill area of Mattapan, with proximity to Mattapan’s shops, restaurants, and retail corridors, plus easy access to transit and Downtown Boston.
Recent improvements include a new roof, updated 200AMP electrical, updated plumbing, central air, and on-site yard space with parking. This configuration provides multiple unit options within a single updated income property.
Key Highlights
- Updated triplex (built 1919) with three residential units, including a finished lower‑level walkout basement unit
- Unit mix includes 5 beds/2 baths, 3 beds/1 bath, and 2 beds/1 bath garden unit for flexible living or renting
- New roof plus updated plumbing and updated 200‑amp electrical
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$85,916
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,718,320
$1.7M
Cap Rate 7%
$1,227,371
$1.2M
Cap Rate 9%
$954,622
$954.6K
Market Conditions
NOI Build-Up for 3,400 SF
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.
Gross rent
$128.5K $37.80/SF
− Vacancy
−$5.8K −$1.70/SF
EGI
$122.7K $36.10/SF
− OpEx
−$36.8K −$10.83/SF
NOI
$85.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,718,320
Cap Rate 7%
$1,227,371
Cap Rate 9%
$954,622
Alternative Uses
Best Use
Multifamily LT 5
$1.23M
$1.07M – $1.43M
NOI $85,916 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$1.14M
$998.4K – $1.33M
NOI $79,873 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$2.55M
$2.23M – $2.97M
NOI $178,214 @ 7.0% cap · market cap 14.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
Explore this area
Business Placement
Demographics for 02126, MA
22,734
Population
9,617
Households
2.4
Avg Household Size
38
Median Age
24%
College-Educated
87%
High-School Grad
1.8 sq mi
ZIP Area
12,630
Density / Sq Mi
$67,206
Median Household Income
$42,397
Median Earnings
$1,659
Median Rent
$515,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Updated triplex offers three residential units, including a finished lower-level walkout, with central air, parking, and yard space.
Where is this triplex located?
The property is located at 72 Wellington Hill Street Boston, MA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Updated triplex (built 1919) with three residential units, including a finished lower‑level walkout basement unit; Unit mix includes 5 beds/2 baths, 3 beds/1 bath, and 2 beds/1 bath garden unit for flexible living or renting; New roof plus updated plumbing and updated 200‑amp electrical
