Brick Triplex with On-Street
For Sale
$915,000
76 Belden St, Boston, MA 02125
Three-story brick triplex offers three 2-bedroom, 1-bath units and basement laundry, with on-street parking.
Property Size2,427 SF
Price / SF$377.01
Days on Market214
Property Features for 76 Belden St
General Information
Standard status
Active
Size
2,427 SF
Property subtype
Multi-Family
Zoning
R3
Net Operating Income
$49,934
Taxes and HOA fees
Annual Taxes
$10,709
Building Details
Building Size
2,427 SF
Year Built
1899
Stories
3
Listing Agency:
Prestige Realty Experts Inc.
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Feb 5
Changed: Sep 6
Last Checked: Sep 7 at 5:08AM
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 Prestige Realty Experts Inc.
Investment Insights
Based on property information with market context.
76 Belden St is a three-story brick triplex on a small parcel, configured as three separate 2-bedroom/1-bathroom units. The building totals 2,427 square feet of gross living area and 3,626 square feet of gross area. Interior finishes include hardwood flooring, tile flooring in the kitchen, oak-colored wood cabinets, and updated bathrooms. Recent capital improvements include brand-new rear porch egress completed in 2024.
Laundry is available in the basement, and the property provides on-street parking. The building is located in the Dorchester neighborhood of Boston.
As presented, the property is described as a well-maintained, fully leased turnkey investment with potential for upside through lease renewal or programmatic unit upgrades.
Laundry is available in the basement, and the property provides on-street parking. The building is located in the Dorchester neighborhood of Boston.
As presented, the property is described as a well-maintained, fully leased turnkey investment with potential for upside through lease renewal or programmatic unit upgrades.
Key Highlights
- 1899‑built three‑story brick triplex with 3 units totaling 2,427 SF gross living area
- Each unit is a 2‑bedroom/1‑bath layout
- Updated unit features include hardwood floors, kitchen tile flooring, oak‑colored wood cabinets, and updated bathrooms
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
$61,329
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
6.70%
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%
$1,226,580
$1.2M
Cap Rate 7%
$876,129
$876.1K
Cap Rate 9%
$681,433
$681.4K
Market Conditions
NOI Build-Up for 2,427 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
$91.7K $37.80/SF
− Vacancy
−$4.1K −$1.70/SF
EGI
$87.6K $36.10/SF
− OpEx
−$26.3K −$10.83/SF
NOI
$61.3K $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%
$1,226,580
Cap Rate 7%
$876,129
Cap Rate 9%
$681,433
Alternative Uses
Best Use
Multifamily LT 5
$876.1K
$766.6K – $1.02M
NOI $61,329 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$814.5K
$712.7K – $950.3K
NOI $57,015 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,214 @ 7.0% cap · market cap 13.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,965
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-story brick triplex offers three 2-bedroom, 1-bath units and basement laundry, with on-street parking.
Where is this triplex located?
The property is located at 76 Belden St Boston, MA.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: 1899‑built three‑story brick triplex with 3 units totaling 2,427 SF gross living area; Each unit is a 2‑bedroom/1‑bath layout; Updated unit features include hardwood floors, kitchen tile flooring, oak‑colored wood cabinets, and updated bathrooms
