Renovated Triplex in South
For Sale
$1,750,000
Pending
786-788 East Sixth, Boston, MA 02127
Three-unit building with recent renovations and desirable location.
Property Size2,979 SF
Lot Size0.07 Acres
Days on Market211
Property Features for 786-788 East Sixth
General Information
Standard status
Pending
Size
2,979 SF
Lot size
0.07 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$12,099
Building Details
Building Size
2,979 SF
Year Built
1900
Stories
3
Units
3
Listing Agency:
Lauchlin Real Estate Group
Listed By:
Ian Halpin · License #449596513
(617) 990-6513
Source:
Elliman
Added: Mar 10
Changed: Oct 3
Last Checked: Oct 5 at 7:24PM
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 Lauchlin Real Estate Group
Investment Insights
Based on property information with market context.
This brick three-family building is located in the City Point area of South Boston. It features two recently renovated upper units, each with three bedrooms and one bathroom. These units include hardwood floors, stainless steel appliances, granite counters, and working fireplaces. The first floor unit has been recently renovated to condo quality, featuring two bedrooms, one bathroom, hardwood floors, shaker-style cabinetry, stainless steel appliances, and quartz countertops. The property includes a large patio with a fenced backyard and a full basement for storage. New Navien hot water systems have been installed, and the roof is two years old. The property is located near beaches and Castle Island, and is a short distance from East and West Broadway, with its restaurants, markets, and stores. It offers convenient access to I93 and I90, as well as public transportation. There is potential to add parking in the rear of the property.
Key Highlights
- Prime location in South Boston's City Point, steps from beaches/Castle Island and close to East/West Broadway amenities.
- Three‑family brick building with two recently renovated 3‑bed units and a newly renovated 2‑bed unit.
- Condo‑quality renovations featuring hardwood floors, stainless steel appliances, and granite/quartz countertops.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,277
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,505,540
$1.5M
Cap Rate 7%
$1,075,386
$1.1M
Cap Rate 9%
$836,411
$836.4K
Market Conditions
NOI Build-Up for 2,979 SF
Gross rent
$112.6K $37.80/SF
− Vacancy
−$5.1K −$1.70/SF
EGI
$107.5K $36.10/SF
− OpEx
−$32.3K −$10.83/SF
NOI
$75.3K $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 Rate 5%
$1,505,540
Cap Rate 7%
$1,075,386
Cap Rate 9%
$836,411
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$941.0K – $1.25M
NOI $75,277 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$999.8K
$874.8K – $1.17M
NOI $69,983 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $156,147 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
Explore this area
Business Placement
Demographics for 02127, MA
37,939
Population
19,495
Households
1.9
Avg Household Size
31
Median Age
69%
College-Educated
95%
High-School Grad
2.1 sq mi
ZIP Area
18,066
Density / Sq Mi
$156,373
Median Household Income
$85,444
Median Earnings
$2,435
Median Rent
$858,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit building with recent renovations and desirable location.
Where is this triplex located?
The property is located at 786-788 East Sixth Boston, MA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Prime location in South Boston's City Point, steps from beaches/Castle Island and close to East/West Broadway amenities.; Three‑family brick building with two recently renovated 3‑bed units and a newly renovated 2‑bed unit.; Condo‑quality renovations featuring hardwood floors, stainless steel appliances, and granite/quartz countertops.
