83 High Street Boston, MA 02129
83 High Street, Boston, MA, 02129
$1,950,000
For Sale
$1,950,000
Triplexes
Property Size3,525 SF
Price / SF$553.19
Days on Market78
Property Features for 83 High Street
General Information
- Standard status
- Active
- Size
- 3,525 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1880
Listing agency
Gibson Sotheby's International Realty
Listed by
Nancy Roth
(617) 262-6200
Source
Cabotandcompany
Added: May 6 Updated: Jul 21 at 12:14PM Checked: Jul 22 at 7:01AM
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 Gibson Sotheby's International Realty
Investment Insights
Based on property information with market context.
Key Highlights
- Three‑family building built in 1880 with 3 units, all currently leased
- Unit 1: 2BR/1BA with private entrance and 1,000 SF living/dining space
- Units 2 and 3: each 3BR/1BA with 1,050 SF floor plates
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 | $133.2k | $37.80 |
| − Vacancy | −$6.0k | −$1.70 |
| EGI | $127.2k | $36.10 |
| − OpEx | −$38.2k | −$10.83 |
| NOI | $89.1k | $25.27 |
3,525 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.27M
$1.11M – $1.48M
NOI $89,074 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$1.18M
$1.04M – $1.38M
NOI $82,809 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,766 @ 7.0% cap · market cap 9.48%
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
Where is this triplex located?
The property is located at 83 High Street Boston, MA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Three‑family building built in 1880 with 3 units, all currently leased; Unit 1: 2BR/1BA with private entrance and 1,000 SF living/dining space; Units 2 and 3: each 3BR/1BA with 1,050 SF floor plates
