Updated-Kitchen
869 East Fourth St, Boston, MA 02127
For Sale
$2,245,000
Three residential units feature hardwood floors and full bathrooms.
Property Size3,960 SF
Price / SF$566.92
Days on Market39
Property Features for 869 East Fourth St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Building Details
Year Built
Buildings
Construction
Listing Agency:
Grove Property Group
Listed By:
GPG Team
(617) 812-9035
Source:
Remmesco
Added: Sep 30
Changed: Nov 7
Last Checked: Nov 7 at 7:10PM
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 Grove Property Group
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Investment Insights
Based on property information with market context.
This semi-detached triplex contains 3,960 square feet of living area, according to city records. Each of its three units has a full eat-in kitchen and a full bathroom; both features have been updated. Hardwood floors run throughout the units. The building dates to 1900.
The property is at 869 East Fourth St in Boston, near Castle Island, M Street Beach, and the shops and restaurants of East Broadway.
The property is at 869 East Fourth St in Boston, near Castle Island, M Street Beach, and the shops and restaurants of East Broadway.
Key Highlights
- Three‑unit semi‑detached property with 3,960 square feet of living area
- Each unit has an updated full eat‑in kitchen and full bathroom
- Hardwood floors throughout the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,066
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,001,320
$2.0M
Cap Rate 7%
$1,429,514
$1.4M
Cap Rate 9%
$1,111,844
$1.1M
Market Conditions
NOI Build-Up for 3,960 SF
Gross rent
$149.7K $37.80/SF
− Vacancy
−$6.7K −$1.70/SF
EGI
$143.0K $36.10/SF
− OpEx
−$42.9K −$10.83/SF
NOI
$100.1K $25.27/SF
Area
Boston, MA
Vacancy
4.50%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,001,320
Cap Rate 7%
$1,429,514
Cap Rate 9%
$1,111,844
Alternative Uses
Best Use
Multifamily LT 5
$1.43M
$1.25M – $1.67M
NOI $100,066 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $93,028 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$2.97M
$2.59M – $3.46M
NOI $207,567 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
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Business Placement
Demographics for 02127, MA
37,939
Population
19,495
Households
1.9
Avg Household Size
31
Median Age
69%
College-Educated
95%
High-School Grad
2.1 sq mi
ZIP Area
18,066
Density / Sq Mi
$156,373
Median Household Income
$85,444
Median Earnings
$2,435
Median Rent
$858,600
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Boston, MA
Properties on Market for Triplexes in Boston
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units feature hardwood floors and full bathrooms.
Where is this triplex located?
The property is located at 869 East Fourth St Boston, MA.
What is the asking price?
The asking price for this property is $2,245,000.
What are key features of this property?
This property features: Three‑unit semi‑detached property with 3,960 square feet of living area; Each unit has an updated full eat‑in kitchen and full bathroom; Hardwood floors throughout the units
