8-Bedroom Multifamily
For Sale
$1,998,999
8 Porter St, Boston, MA 02130
Three-story configuration includes eight bedrooms and three full bathrooms.
Property Size2,997 SF
Lot Size0.06 Acres
Price / SF$667
Days on Market121
Property Features for 8 Porter St
General Information
Standard status
Active
Size
2,997 SF
Total Parking Spaces
4
Lot size
0.06 Acres
Property subtype
Multi-Family
Zoning
R3
Taxes and HOA fees
Annual Taxes
$9,748
Building Details
Building Size
2,997 SF
Year Built
1905
Stories
3
Listing Agency:
Home For All Realty LLC
(617) 596-3404
Listed By:
Salustia Ortiz · License #449526727
(508) 369-6462
Source:
Churchillprop
Added: Jun 22
Changed: Oct 10
Last Checked: Oct 19 at 4:10AM
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 Home For All Realty LLC
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Investment Insights
Based on property information with market context.
Located at 8 Porter St in Boston, this multifamily residence was built in 1905 and provides 2,997 square feet of living area. The home extends across three stories and includes eight bedrooms plus three full bathrooms, offering a substantial residential layout within an established urban setting.
The property occupies a 2,574-square-foot lot and is zoned R3. Its bedroom count, multi-level design, and bathroom configuration create a sizable residential asset suited to multifamily ownership or other permitted residential applications.
The property occupies a 2,574-square-foot lot and is zoned R3. Its bedroom count, multi-level design, and bathroom configuration create a sizable residential asset suited to multifamily ownership or other permitted residential applications.
Key Highlights
- 2,997 square feet of living area
- 2,574‑square‑foot lot
- Eight‑bedroom multifamily residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,406
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,408,120
$1.4M
Cap Rate 7%
$1,005,800
$1.0M
Cap Rate 9%
$782,289
$782.3K
Market Conditions
NOI Build-Up for 2,997 SF
Gross rent
$133.1K $44.40/SF
− Vacancy
−$5.1K −$1.69/SF
EGI
$128.0K $42.71/SF
− OpEx
−$57.6K −$19.22/SF
NOI
$70.4K $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%
$1,408,120
Cap Rate 7%
$1,005,800
Cap Rate 9%
$782,289
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$880.1K – $1.17M
NOI $70,406 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.24M
$1.96M – $2.62M
NOI $157,091 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
2,215
Businesses Nearby
Explore this area
Business Placement
Demographics for 02130, MA
38,284
Population
18,802
Households
2
Avg Household Size
36
Median Age
73%
College-Educated
94%
High-School Grad
3.5 sq mi
ZIP Area
10,938
Density / Sq Mi
$130,533
Median Household Income
$73,238
Median Earnings
$2,434
Median Rent
$763,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three-story configuration includes eight bedrooms and three full bathrooms.
Where is this multifamily property located?
The property is located at 8 Porter St Boston, MA.
What is the asking price?
The asking price for this property is $1,998,999.
What are key features of this property?
This property features: 2,997 square feet of living area; 2,574‑square‑foot lot; Eight‑bedroom multifamily residence
