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Building Details

Buildings 1

Construction brick

Listing Agency: eXp Realty LLC - Corporate Office Show Phone

Listed By: Paige Thompson Show Phone

Source: Exprealty

Added: Jul 7 Changed: Oct 1 Last Checked: Oct 15 at 12:18AM

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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 - Corporate Office

Investment Insights

Based on property information with market context.

Located at 85 Munroe St in Boston, this brick quadplex was built in 1960 and contains approximately 5,850 square feet. The four residential units each offer 4 to 6 bedrooms and 2 bathrooms, creating substantial residential layouts within the building.

The property includes an off-street parking lot accommodating approximately 8 cars and is situated near Harold Park and Malcolm X Park. It is subject to an affordable housing deed restriction with BPDA, is zoned R4, and is being offered as-is with tenants in place.

Key Highlights

• Four‑unit brick residential building at 85 Munroe St, Boston, MA 02119
• Approximately 5,850 square feet built in 1960
• Each unit includes 4 to 6 bedrooms and 2 bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$137,428

Cap Rate

8.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,748,560 $2.7M

Cap Rate 7%

$1,963,257 $2.0M

Cap Rate 9%

$1,526,978 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,850 SF

Gross rent

$259.7K $44.40/SF

− Vacancy

−$9.9K −$1.69/SF

EGI

$249.9K $42.71/SF

− OpEx

−$112.4K −$19.22/SF

NOI

$137.4K $23.49/SF

Area

Boston, MA

Vacancy

3.80%

Lease Rate

$44.40 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,748,560

Cap Rate 7%

$1,963,257

Cap Rate 9%

$1,526,978

Alternative Uses

Best Use

Multifamily LT 5

$2.11M

$1.85M – $2.46M (±1% cap)

NOI $147,825 @ 7.0% cap · market cap 9.24%

Second Best

Apartment 5plus

$1.96M

$1.72M – $2.29M (±1% cap)

NOI $137,428 @ 7.0% cap · market cap 8.59%

Theoretical Best

Office A

$4.38M

$3.83M – $5.11M (±1% cap)

NOI $306,634 @ 7.0% cap · market cap 19.16%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Accounting Firm Computer & Electronic Repair Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Location Intelligence

Trade Area within ½ mile

1,414

Businesses Nearby

Explore this area Business Placement

Demographics for 02119, MA

29,175

Population

12,937

Households

2.3

Avg Household Size

34

Median Age

30%

College-Educated

81%

High-School Grad

1.6 sq mi

ZIP Area

18,234

Density / Sq Mi

$43,255

Median Household Income

$38,664

Median Earnings

$1,252

Median Rent

$668,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Quadplex - Brick quadplex with off-street parking, multiple bedrooms per unit, and tenants in place.

Where is this quadplex located?

The property is located at 85 Munroe St Boston, MA.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: Four‑unit brick residential building at 85 Munroe St, Boston, MA 02119; Approximately 5,850 square feet built in 1960; Each unit includes 4 to 6 bedrooms and 2 bathrooms