Low-Maintenance Triplex with Separate
For Sale
$964,999
8 Torrey St, Boston, MA 02124
Fully leased 3-family property with separate utilities and vinyl siding, sold as-is with minimal exterior maintenance.
Days on Market81
Property Features for 8 Torrey St
General Information
Standard status
Active
Property subtype
3 Family
Occupancy
100%
Additional Details
Utilities to Site
Yes
Building Details
Building Size
2,271 SF
Year Built
1915
Buildings
1
Tenancy
Multi
Abandoned
No
Listing Agency:
eXp Realty LLC
(617) 898-8828
Listed By:
Benny Troncoso · License #9589487
Source:
Donnellyandco
Added: May 11
Changed: Jul 29
Last Checked: Jul 29 at 10:54AM
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 LLC
Investment Insights
Based on property information with market context.
This low-maintenance triplex is configured as a 3-family residential income property and is currently fully leased. The units have separate utilities, which can simplify ongoing management. Exterior improvements include vinyl siding, and the property is described as having no porches or backyard maintenance, helping reduce landlord upkeep.
The seller notes the tenants are open to staying beyond their current leases and are open to future rent increases. The property is being sold as-is, with a seller contingency that the transaction is subject to completing a 1031 exchange.
The seller notes the tenants are open to staying beyond their current leases and are open to future rent increases. The property is being sold as-is, with a seller contingency that the transaction is subject to completing a 1031 exchange.
Key Highlights
- Fully leased 3‑family property with separate utilities for all units
- Year built: 1915
- Vinyl siding exterior with no porches and no backyard maintenance
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 5.95%
Second Best
Apartment 5plus
$762.1K
$666.9K – $889.2K
NOI $53,350 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $119,037 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,523
Businesses Nearby
Explore this area
Business Placement
Demographics for 02124, MA
50,972
Population
21,264
Households
2.4
Avg Household Size
36
Median Age
31%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
16,991
Density / Sq Mi
$79,168
Median Household Income
$43,483
Median Earnings
$1,783
Median Rent
$607,200
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 leased 3-family property with separate utilities and vinyl siding, sold as-is with minimal exterior maintenance.
Where is this triplex located?
The property is located at 8 Torrey St Boston, MA.
What is the asking price?
The asking price for this property is $964,999.
What are key features of this property?
This property features: Fully leased 3‑family property with separate utilities for all units; Year built: 1915; Vinyl siding exterior with no porches and no backyard maintenance
