Profitable Investment Property in
For Sale
$1,109,900
Pending
76 Bellevue Street, Boston, MA 02125
Three units with updated kitchens, hardwood floors, central heating.
Property Size3,342 SF
Days on Market283
Property Features for 76 Bellevue Street
General Information
Standard status
Pending
Size
3,342 SF
Property subtype
Multi-family / 3 Family
Zoning
R3
Net Operating Income
$111,427
Taxes and HOA fees
Annual Taxes
$12,173
Amenities
No, Yes, .00
No
Wood, Hardwood, Stone/Ceramic Tile
Range, Dishwasher, Disposal, Microwave, Refrigerator
3.0
Picture Window, Stained Glass Window(s), Box/Bay/Bow Window(s)
Full
Pantry, Storage, Stone/Granite/Solid Counters, Internet Available - Fiber-Optic, Upgraded Countertops, Bathroom With Tub & Shower, Remodeled, Living Room, Kitchen, Window AC
3
3.00
City, Yes
Frame
Rubber
Level
Rain Gutters, City View(s), Porch
Bay, 1 to 2 Mile To Beach, Beach Ownership(Public)
Porch
Building Details
Year Built
1905
Listing Agency:
Coldwell Banker Realty - Dorchester
(617) 696-4430
Listed By:
Jovonie Houston · License #9537386
(617) 696-4430
Source:
Compass
Added: Nov 12, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:50PM
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 Coldwell Banker Realty - Dorchester
Investment Insights
Based on property information with market context.
This multifamily property features three units, each containing three bedrooms. The units include updated kitchens equipped with dishwashers and natural hardwood flooring throughout. The property benefits from 200-amp electrical service, central heating, and a coin-operated washer and dryer. Located on Bellevue Street, the property is situated on a one-way side street, providing convenient access to highway, public transit, local restaurants, and shops. Units 1 and 2 will be delivered vacant, while Unit 3 has tenants at-will. All three units are de-leaded, making this an attractive investment opportunity.
Key Highlights
- All three units are de‑leaded and ready for immediate occupancy or rental.
- Delivered vacant (Units 1 & 2) or with tenants at‑will (Unit 3), offering flexibility.
- Each unit features three spacious bedrooms, updated kitchens with dishwashers, and natural hardwood flooring.
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
$84,450
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
7.61%
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%
$1,689,000
$1.7M
Cap Rate 7%
$1,206,429
$1.2M
Cap Rate 9%
$938,333
$938.3K
Market Conditions
NOI Build-Up for 3,342 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
$126.3K $37.80/SF
− Vacancy
−$5.7K −$1.70/SF
EGI
$120.6K $36.10/SF
− OpEx
−$36.2K −$10.83/SF
NOI
$84.5K $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%
$1,689,000
Cap Rate 7%
$1,206,429
Cap Rate 9%
$938,333
Alternative Uses
Best Use
Multifamily LT 5
$1.21M
$1.06M – $1.41M
NOI $84,450 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$1.12M
$981.4K – $1.31M
NOI $78,510 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $175,174 @ 7.0% cap · market cap 15.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,094
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 units with updated kitchens, hardwood floors, central heating.
Where is this triplex located?
The property is located at 76 Bellevue Street Boston, MA.
What is the asking price?
The asking price for this property is $1,109,900.
What are key features of this property?
This property features: All three units are de‑leaded and ready for immediate occupancy or rental.; Delivered vacant (Units 1 & 2) or with tenants at‑will (Unit 3), offering flexibility.; Each unit features three spacious bedrooms, updated kitchens with dishwashers, and natural hardwood flooring.
