Brick Triplex with Exterior
For Sale
$1,845,099
8 Colliston Rd, Boston, MA 02135
Fully occupied, professionally managed multifamily property with resident leases extending through August 2026.
Property Size4,241 SF
Price / SF$435.06
Days on Market106
Property Features for 8 Colliston Rd
General Information
Standard status
Active
Size
4,241 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Zoning
R3
Occupancy
100%
Net Operating Income
$93,902
Additional Details
Cap Rate
4.7%
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$26,288
Amenities
exterior decks
Building Details
Building Size
4,241 SF
Year Built
1900
Stories
3
Construction
brick
Listing Agency:
REMAX Executive Realty
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: May 18
Changed: Aug 31
Last Checked: Aug 31 at 12:58PM
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 REMAX Executive Realty
Investment Insights
Based on property information with market context.
This 1900 brick triplex contains 4,241 square feet, 12+ bedrooms, and 5 baths. The property includes parking and two exterior back decks serving units 2 and 3. It is zoned R3 and is currently fully occupied with long-term tenants in place through 8/31/26.
Located at 8 Colliston Rd in Boston, the property sits near Cleveland Circle, Washington Square, Brookline, Boston College, and Green Line B, C, and D stops. Cafés, restaurants, parks, shopping, and Chestnut Hill Reservoir are also nearby. Professional management is in place, and showings require at least 24 hours’ notice with the property manager onsite.
Located at 8 Colliston Rd in Boston, the property sits near Cleveland Circle, Washington Square, Brookline, Boston College, and Green Line B, C, and D stops. Cafés, restaurants, parks, shopping, and Chestnut Hill Reservoir are also nearby. Professional management is in place, and showings require at least 24 hours’ notice with the property manager onsite.
Key Highlights
- Triplex with 4,241 square feet, 12+ bedrooms, and 5 baths
- Brick building constructed in 1900
- Fully occupied with leases in place through 8/31/26
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
$107,167
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
5.81%
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%
$2,143,340
$2.1M
Cap Rate 7%
$1,530,957
$1.5M
Cap Rate 9%
$1,190,744
$1.2M
Market Conditions
NOI Build-Up for 4,241 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
$160.3K $37.80/SF
− Vacancy
−$7.2K −$1.70/SF
EGI
$153.1K $36.10/SF
− OpEx
−$45.9K −$10.83/SF
NOI
$107.2K $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%
$2,143,340
Cap Rate 7%
$1,530,957
Cap Rate 9%
$1,190,744
Alternative Uses
Best Use
Multifamily LT 5
$1.53M
$1.34M – $1.79M
NOI $107,167 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$1.42M
$1.25M – $1.66M
NOI $99,630 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$3.18M
$2.78M – $3.70M
NOI $222,296 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,397
Businesses Nearby
Explore this area
Business Placement
Demographics for 02135, MA
47,232
Population
22,519
Households
2.1
Avg Household Size
29
Median Age
71%
College-Educated
93%
High-School Grad
2.6 sq mi
ZIP Area
18,166
Density / Sq Mi
$88,208
Median Household Income
$57,124
Median Earnings
$2,179
Median Rent
$684,000
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 - Fully occupied, professionally managed multifamily property with resident leases extending through August 2026.
Where is this triplex located?
The property is located at 8 Colliston Rd Boston, MA.
What is the asking price?
The asking price for this property is $1,845,099.
What are key features of this property?
This property features: Triplex with 4,241 square feet, 12+ bedrooms, and 5 baths; Brick building constructed in 1900; Fully occupied with leases in place through 8/31/26
