Listing Agency: Rise Signature Homes Show Phone

Listed By: Vena Priestly · License #9567811 Show Phone

Source: Exprealty

Added: Sep 29 Changed: Oct 13 Last Checked: Oct 13 at 2:16AM

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Investment Insights

Based on property information with market context.

This 4,543-square-foot triplex contains three apartments. The first has three bedrooms and one bathroom, plus an in-unit washer and dryer. The second offers four or five bedrooms and one bathroom, with renovated kitchen and bathroom finishes. The third has four bedrooms, one bathroom, and hardwood flooring throughout. An unfinished basement includes coin-operated laundry, and the electrical service has separate meters.

The property is a five-minute walk from Hayes School and Brookline Reservoir. Public transportation includes the 60 bus and the C and D trains; highway access is also noted. Longwood Medical Area is a 10-minute drive away.

Key Highlights

• Three apartments totaling 4,543 SF
• Unit mix: 3‑bedroom, 4/5‑bedroom, and 4‑bedroom apartments; each has one bathroom
• Leases run through the end of August 2027

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$96,131

Cap Rate

4.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,922,620 $1.9M

Cap Rate 7%

$1,373,300 $1.4M

Cap Rate 9%

$1,068,122 $1.1M

Market Conditions

NOI Build-Up for 4,543 SF

Gross rent

$144.5K $31.80/SF

− Vacancy

−$7.1K −$1.57/SF

EGI

$137.3K $30.23/SF

− OpEx

−$41.2K −$9.07/SF

NOI

$96.1K $21.16/SF

Area

Middlesex County, MA

Vacancy

4.94%

Lease Rate

$31.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,922,620

Cap Rate 7%

$1,373,300

Cap Rate 9%

$1,068,122

Alternative Uses

Best Use

Multifamily LT 5

$1.37M

$1.20M – $1.60M (±1% cap)

NOI $96,131 @ 7.0% cap · market cap 4.93%

Second Best

Apartment 5plus

$1.29M

$1.13M – $1.51M (±1% cap)

NOI $90,390 @ 7.0% cap · market cap 4.64%

Theoretical Best

Office A

$2.69M

$2.35M – $3.14M (±1% cap)

NOI $188,261 @ 7.0% cap · market cap 9.65%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Hair Salon Law Firm Nail Salon Pharmacy Big Box & Wholesale Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

988

Businesses Nearby

Explore this area Business Placement

Demographics for 02459, MA

19,017

Population

6,828

Households

2.8

Avg Household Size

44

Median Age

84%

College-Educated

98%

High-School Grad

5.0 sq mi

ZIP Area

3,803

Density / Sq Mi

$214,941

Median Household Income

$87,409

Median Earnings

$2,308

Median Rent

$1,336,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Triplex - All three apartments are leased through August 2027, with separate electrical meters and coin-operated laundry.

Where is this triplex located?

The property is located at 753 Boylston St Chestnut Hill, 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 4,543 SF; Unit mix: 3‑bedroom, 4/5‑bedroom, and 4‑bedroom apartments; each has one bathroom; Leases run through the end of August 2027