Three-Unit Multifamily
77 Bowdoin Ave, Boston, MA 02121
For Sale
New
$1,475,000
Three renovated apartments feature hardwood floors, refreshed kitchens and baths, and outdoor areas.
Property Size4,446 SF
Days on Market2
Property Features for 77 Bowdoin Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
front porches
rear outdoor spaces
fenced backyard
driveway parking
Building Details
Building Size
Year Built
Year Renovated
Buildings
Construction
Listing Agency:
Wisepath Realty Advisors LLC
Listed By:
Nilton Depina · License MA #9574231
(617) 281-0585
Source:
Classifiedrealtygroup
Added: Nov 12
Last Checked: Nov 12 at 2:39PM
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 Wisepath Realty Advisors LLC
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Investment Insights
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Built in 1920, this Boston multifamily property contains three four-bedroom apartments, totaling 12 bedrooms. All three units were renovated in 2024, and new exterior siding was installed in 2025. Interior features include hardwood flooring and updated kitchens and bathrooms. The property also has front porches, rear outdoor areas, a fenced backyard, and driveway parking.
A spacious fourth level has architectural drawings for a proposed fourth residential unit. Any additional unit would require zoning, permitting, and other necessary approvals.
A spacious fourth level has architectural drawings for a proposed fourth residential unit. Any additional unit would require zoning, permitting, and other necessary approvals.
Key Highlights
- Three apartments with four bedrooms each, for 12 bedrooms total
- All three apartments renovated in 2024
- New exterior siding installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,446
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,088,920
$2.1M
Cap Rate 7%
$1,492,086
$1.5M
Cap Rate 9%
$1,160,511
$1.2M
Market Conditions
NOI Build-Up for 4,446 SF
Gross rent
$197.4K $44.40/SF
− Vacancy
−$7.5K −$1.69/SF
EGI
$189.9K $42.71/SF
− OpEx
−$85.5K −$19.22/SF
NOI
$104.4K $23.49/SF
Area
Boston, MA
Vacancy
3.80%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,088,920
Cap Rate 7%
$1,492,086
Cap Rate 9%
$1,160,511
Alternative Uses
Best Use
Apartment 5plus
$1.49M
$1.31M – $1.74M
NOI $104,446 @ 7.0% cap · market cap 7.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.33M
$2.91M – $3.88M
NOI $233,042 @ 7.0% cap · market cap 15.80%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,380
Businesses Nearby
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Business Placement
Demographics for 02121, MA
28,766
Population
11,384
Households
2.5
Avg Household Size
33
Median Age
21%
College-Educated
75%
High-School Grad
1.9 sq mi
ZIP Area
15,140
Density / Sq Mi
$38,565
Median Household Income
$33,700
Median Earnings
$1,316
Median Rent
$548,100
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Boston, MA
Properties on Market for Multifamily properties in Boston
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three renovated apartments feature hardwood floors, refreshed kitchens and baths, and outdoor areas.
Where is this multifamily property located?
The property is located at 77 Bowdoin Ave Boston, MA.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Three apartments with four bedrooms each, for 12 bedrooms total; All three apartments renovated in 2024; New exterior siding installed in 2025
