Renovated Dorchester Triplex with
81 Ellington St Boston, MA 02121
81 Ellington St, Boston, MA, 02121
$1,299,000
For Sale
$1,299,000
Recently renovated triple decker in Dorchester with one vacant unit.
Property Size2,763 SF
Price / SF$470.14
Days on Market91
Property Features for 81 Ellington St
General Information
- Standard status
- Active
- Size
- 2,763 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1905
Listing Agency
Keller Williams Realty Evolution
Listed by
Lior Rozhansky
Source
Hometown-team
Added: Apr 18 Checked: Jul 7 at 11:33 pm
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 Keller Williams Realty Evolution
Investment Insights
Based on property information with market context.
This is a renovated triple decker located in Dorchester. The property has undergone renovations in recent years, including new kitchens, bathrooms, windows, siding, floors, plumbing, and electrical systems. Unit 1 is a 2-bedroom, 1-bathroom unit, while Units 2 and 3 each have 3 bedrooms and 1 bathroom. Interior features include hardwood floors, shaker cabinetry, stainless steel appliances, new vanities, tile in the bathrooms, and recessed lighting. The location is convenient to Franklin Park, the commuter rail station, and other city amenities. One unit is currently vacant, while the other two are leased.
Key Highlights
- Recently renovated triple decker with new kitchens, bathrooms, windows/siding, floors, plumbing, and electrical.
- One vacant unit, ideal for owner‑occupancy or immediate rental income.
- Two units already leased, providing immediate income stream.
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 | $104.4k | $37.80 |
| − Vacancy | −$4.7k | −$1.70 |
| EGI | $99.7k | $36.10 |
| − OpEx | −$29.9k | −$10.83 |
| NOI | $69.8k | $25.27 |
2,763 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$997.4K
$872.7K – $1.16M
NOI $69,819 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$927.3K
$811.4K – $1.08M
NOI $64,909 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,825 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Recently renovated triple decker in Dorchester with one vacant unit.
Where is this triplex located?
The property is located at 81 Ellington St Boston, MA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Recently renovated triple decker with **new kitchens, bathrooms, windows/siding, floors, plumbing, and electrical.**; **One vacant unit, ideal for owner‑occupancy or immediate rental income.**; Two units already leased, providing immediate income stream.
