3-Unit Residential
For Sale
$1,950,000
753 Boylston St, Brookline, MA 02445
All three apartments are leased through the end of August 2027.
Property Size4,543 SF
Price / SF$429.23
Days on Market8
Property Features for 753 Boylston St
General Information
Standard status
Active
Size
4,543 SF
Property subtype
Residential Income
Zoning
T-5
Net Operating Income
$53,755
Taxes and HOA fees
Annual Taxes
$14,678
Building Details
Building Size
4,543 SF
Year Built
1904
Stories
3
Listing Agency:
Rise Signature Homes
Listed By:
Vena L Priestly · License #9567811
(617) 935-6158
Source:
Insightrealtygroup
Added: Sep 28
Changed: Oct 4
Last Checked: Oct 4 at 6:14AM
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 Rise Signature Homes
Investment Insights
Based on property information with market context.
At 753 Boylston St, this 1904 residential triplex contains three apartments with over 4,500 SF. Unit 1 has three bedrooms and one bathroom, plus an in-unit washer and dryer. Unit 2 offers four/five bedrooms and one bathroom, with a recently renovated kitchen and bathroom. Unit 3 includes four bedrooms, one bathroom and hardwood flooring throughout. The unfinished basement has new coin laundry, and the electrical service has separate meters for the units.
All three apartments are leased through the end of August 2027. Hayes School and Brookline Reservoir are a five-minute walk away. The property has access to the 60 bus and C and D trains, and the Longwood Medical Area is a 10-minute drive away. Highway access is also noted.
All three apartments are leased through the end of August 2027. Hayes School and Brookline Reservoir are a five-minute walk away. The property has access to the 60 bus and C and D trains, and the Longwood Medical Area is a 10-minute drive away. Highway access is also noted.
Key Highlights
- Three apartments totaling over 4500 SF
- All units leased through the end of August 2027
- 1904 construction; separate electrical meters for the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,381
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,627,620
$1.6M
Cap Rate 7%
$1,162,586
$1.2M
Cap Rate 9%
$904,233
$904.2K
Market Conditions
NOI Build-Up for 4,543 SF
Gross rent
$122.7K $27.00/SF
− Vacancy
−$6.4K −$1.41/SF
EGI
$116.3K $25.59/SF
− OpEx
−$34.9K −$7.68/SF
NOI
$81.4K $17.91/SF
Area
Norfolk County, MA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,627,620
Cap Rate 7%
$1,162,586
Cap Rate 9%
$904,233
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.02M – $1.36M
NOI $81,381 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$1.07M
$938.6K – $1.25M
NOI $75,087 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$2.69M
$2.35M – $3.14M
NOI $188,261 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
Explore this area
Business Placement
Demographics for 02445, MA
22,499
Population
10,016
Households
2.2
Avg Household Size
36
Median Age
86%
College-Educated
98%
High-School Grad
2.6 sq mi
ZIP Area
8,653
Density / Sq Mi
$145,878
Median Household Income
$76,514
Median Earnings
$2,779
Median Rent
$1,218,000
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?
Triplex - All three apartments are leased through the end of August 2027.
Where is this triplex located?
The property is located at 753 Boylston St Brookline, MA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Three apartments totaling over 4500 SF; All units leased through the end of August 2027; 1904 construction; separate electrical meters for the units
