Three-Unit Residential Income
8 Torrey Street Boston, MA 02124
8 Torrey Street, Boston, MA, 02124
$999,999
For Sale
$999,999
Fully leased three-family with separate utilities, vinyl siding exterior, and limited exterior maintenance.
Property Size2,271 SF
Price / SF$440.33
Days on Market74
Property Features for 8 Torrey Street
General Information
- Standard status
- Active
- Size
- 2,271 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1915
Listing agency
eXp Realty
Listed by
Benny Troncoso
(781) 233-1401
Source
Littlefieldre
Added: May 9 Updated: Jul 21 at 4:44AM Checked: Jul 21 at 4:44AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This three-unit residential income property is fully leased and presented as a low-maintenance investment. The building has a vinyl siding exterior and is described as having no porches or backyard maintenance requirements, which can simplify day-to-day upkeep. Separate utilities are provided for all units, supporting straightforward management across the property.
The property is conveniently located near local amenities, transportation, and major routes, making it practical for tenant access and day-to-day convenience. The seller is completing a 1031 exchange, and the property is being sold as-is.
Units are currently leased under existing terms, and tenants are described as open to renewal beyond their current leases and to future rent increases.
The property is conveniently located near local amenities, transportation, and major routes, making it practical for tenant access and day-to-day convenience. The seller is completing a 1031 exchange, and the property is being sold as-is.
Units are currently leased under existing terms, and tenants are described as open to renewal beyond their current leases and to future rent increases.
Key Highlights
- 1915‑built, fully leased 3‑family property
- Separate utilities for all units
- Vinyl siding exterior
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 | $85.8k | $37.80 |
| − Vacancy | −$3.9k | −$1.70 |
| EGI | $82.0k | $36.10 |
| − OpEx | −$24.6k | −$10.83 |
| NOI | $57.4k | $25.27 |
2,271 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$819.8K
$717.3K – $956.5K
NOI $57,387 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$762.1K
$666.9K – $889.2K
NOI $53,350 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $119,037 @ 7.0% cap · market cap 11.90%
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 - Fully leased three-family with separate utilities, vinyl siding exterior, and limited exterior maintenance.
Where is this triplex located?
The property is located at 8 Torrey 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: 1915‑built, fully leased 3‑family property; Separate utilities for all units; Vinyl siding exterior
