Residential Income
8-12 Leeds St Boston, MA 02127
8-12 Leeds St, Boston, MA, 02127
$2,385,000
For Sale
$2,385,000
Three separately deeded multifamily buildings are offered together or individually, totaling approximately 4,800 SF.
Property Size4,800 SF
Price / SF$496.88
Days on Market85
Property Features for 8-12 Leeds St
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Property subtype
- 5-9 Family
Building Details
- Year Built
- 1890
Listing agency
Columbus and Over Group, LLC
(617) 645-3407
Listed by
Jeffrey Hamilton · License #449586748
Source
Madelyngarciarealestate
Added: Apr 28 Updated: Jul 21 at 2:33PM Checked: Jul 21 at 2:33PM
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 Columbus and Over Group, LLC
Investment Insights
Based on property information with market context.
This exclusive South Boston investment assemblage includes three separately deeded buildings located at 8, 10, and 12 Leeds Street, offered together or individually. The lineup consists of two three-unit buildings and one two-unit building, for a total of approximately 4,800 SF of living area across separate lots.
All properties require full gut rehabs and are being sold “as is.” The site benefits from proximity to Andrew Station for quick downtown access, along the Dorchester Ave corridor and near I-93/on-ramp access, with reach to the South End, Seaport, and the South Boston Waterfront.
For individual property details, reference 8, 10, and 12 Leeds Street. Buyer/buyer agent is responsible for performing their own due diligence, and all offers will be reviewed Wednesday, May 13th at 12PM noon.
All properties require full gut rehabs and are being sold “as is.” The site benefits from proximity to Andrew Station for quick downtown access, along the Dorchester Ave corridor and near I-93/on-ramp access, with reach to the South End, Seaport, and the South Boston Waterfront.
For individual property details, reference 8, 10, and 12 Leeds Street. Buyer/buyer agent is responsible for performing their own due diligence, and all offers will be reviewed Wednesday, May 13th at 12PM noon.
Key Highlights
- Investment assemblage includes 3 separately deeded multifamily buildings at 8, 10, and 12 Leeds Street.
- Unit mix: two 3‑unit buildings and one 2‑unit building, totaling approximately 4,800 SF of living area.
- All properties require full gut rehabs and are being sold “as is.”
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $181.4k | $37.80 |
| − Vacancy | −$8.2k | −$1.70 |
| EGI | $173.3k | $36.10 |
| − OpEx | −$52.0k | −$10.83 |
| NOI | $121.3k | $25.27 |
4,800 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.73M
$1.52M – $2.02M
NOI $121,293 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$1.61M
$1.41M – $1.88M
NOI $112,762 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$3.59M
$3.14M – $4.19M
NOI $251,597 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three separately deeded multifamily buildings are offered together or individually, totaling approximately 4,800 SF.
Where is this triplex located?
The property is located at 8-12 Leeds St Boston, MA.
What is the asking price?
The asking price for this property is $2,385,000.
What are key features of this property?
This property features: Investment assemblage includes 3 separately deeded multifamily buildings at 8, 10, and 12 Leeds Street.; Unit mix: two 3‑unit buildings and one 2‑unit building, totaling approximately 4,800 SF of living area.; All properties require full gut rehabs and are being sold “as is.”
