Detached Triplex with Walk-Out
For Sale
$999,999
791 Saratoga Street, Boston, MA 02128
Open-concept interiors receive natural light, with access to transit, the airport, and neighborhood amenities.
Property Size2,384 SF
Price / SF$419.46
Days on Market124
Property Features for 791 Saratoga Street
General Information
Standard status
Active
Size
2,384 SF
Property subtype
3 Family
Building Details
Year Built
1910
Listing Agency:
Sciaraffa Real Estate, LLC
(617) 717-9203
Listed By:
Joseph Trichilo
(617) 717-9203
Source:
Lockandkeyre
Added: Apr 29
Changed: Aug 29
Last Checked: May 26 at 9:55AM
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 Sciaraffa Real Estate, LLC
Investment Insights
Based on property information with market context.
This detached triplex in East Boston contains 2,384 square feet and was built in 1910. The interior layout features an open-concept design with abundant natural light. A walk-out lower level provides potential for additional living area; any future use, including a possible ADU, remains subject to zoning, permitting, and City of Boston approval.
Located at 791 Saratoga Street, the property is near bus and train service, the tunnel, and Boston Logan International Airport. The surrounding area also offers access to the beach, greenway, library, and YMCA. The property is outside a flood zone and GCOD area.
Located at 791 Saratoga Street, the property is near bus and train service, the tunnel, and Boston Logan International Airport. The surrounding area also offers access to the beach, greenway, library, and YMCA. The property is outside a flood zone and GCOD area.
Key Highlights
- 2,384 SF detached triplex in East Boston
- Built in 1910
- Open‑concept interiors with natural light
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
$60,242
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
6.02%
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%
$1,204,840
$1.2M
Cap Rate 7%
$860,600
$860.6K
Cap Rate 9%
$669,356
$669.4K
Market Conditions
NOI Build-Up for 2,384 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
$90.1K $37.80/SF
− Vacancy
−$4.1K −$1.70/SF
EGI
$86.1K $36.10/SF
− OpEx
−$25.8K −$10.83/SF
NOI
$60.2K $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%
$1,204,840
Cap Rate 7%
$860,600
Cap Rate 9%
$669,356
Alternative Uses
Best Use
Multifamily LT 5
$860.6K
$753.0K – $1.00M
NOI $60,242 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$800.1K
$700.1K – $933.4K
NOI $56,005 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$1.79M
$1.56M – $2.08M
NOI $124,960 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
Explore this area
Business Placement
Demographics for 02128, MA
43,066
Population
19,124
Households
2.3
Avg Household Size
33
Median Age
38%
College-Educated
77%
High-School Grad
5.0 sq mi
ZIP Area
8,613
Density / Sq Mi
$92,079
Median Household Income
$48,549
Median Earnings
$2,009
Median Rent
$680,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Open-concept interiors receive natural light, with access to transit, the airport, and neighborhood amenities.
Where is this triplex located?
The property is located at 791 Saratoga Street Boston, MA.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 2,384 SF detached triplex in East Boston; Built in 1910; Open‑concept interiors with natural light
