Renovated Triple Decker Income
81 Ellington Street Boston, MA 02121
81 Ellington Street, Boston, MA, 02121
$1,190,000
For Sale
$1,190,000
Recently renovated triple decker with modern kitchens and baths, plus one vacant unit for flexible owner-occupancy.
Property Size2,763 SF
Price / SF$430.69
Days on Market98
Property Features for 81 Ellington Street
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
(617) 694-0004
Source
Somervillelofts
Added: Apr 11 Checked: Jul 17 at 12:51 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 recently renovated triple decker features three residential units with updated interior finishes and building systems. The scope of work described includes new kitchens and bathrooms, windows and siding, floors, and refreshed plumbing and electrical throughout the property. The homes’ common aesthetic includes hardwood floors and a more contemporary kitchen package, with shaker cabinetry, stainless steel appliances, and recessed lighting. In the bathrooms, buyers will find new vanities and tile finishes.
The property is located in Dorchester, with convenient access noted to Franklin Park and the commuter rail station, along with general access to area amenities.
The unit mix is designed to support multiple tenant profiles. Unit 1 is a 2-bedroom, 1-bath layout, while Units 2 and 3 are both 3-bedroom, 1-bath apartments. The listing also notes that one unit is vacant, providing flexibility for an owner occupant to move in while the other two units are already leased, according to the provided information.
The property is located in Dorchester, with convenient access noted to Franklin Park and the commuter rail station, along with general access to area amenities.
The unit mix is designed to support multiple tenant profiles. Unit 1 is a 2-bedroom, 1-bath layout, while Units 2 and 3 are both 3-bedroom, 1-bath apartments. The listing also notes that one unit is vacant, providing flexibility for an owner occupant to move in while the other two units are already leased, according to the provided information.
Key Highlights
- Recently renovated triple decker built in 1905 with updated kitchens and bathrooms
- Full renovation in recent years includes new windows/siding, floors, plumbing, and electrical throughout
- Unit mix: Unit 1 is a 2 bed/1 bath; Units 2 and 3 are each 3 bed/1 bath
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 5.87%
Second Best
Apartment 5plus
$927.3K
$811.4K – $1.08M
NOI $64,909 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,825 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Recently renovated triple decker with modern kitchens and baths, plus one vacant unit for flexible owner-occupancy.
Where is this triplex located?
The property is located at 81 Ellington Street Boston, MA.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Recently renovated triple decker built in 1905 with updated kitchens and bathrooms; Full renovation in recent years includes new windows/siding, floors, plumbing, and electrical throughout; Unit mix: Unit 1 is a 2 bed/1 bath; Units 2 and 3 are each 3 bed/1 bath
