3-Family Home with
For Sale
$1,075,000
9 Blanvon Rd, Boston, MA 02130
Three units offer two bedrooms, one bathroom, in-unit laundry, and eat-in kitchens.
Property Size3,219 SF
Price / SF$333.95
Days on Market46
Property Features for 9 Blanvon Rd
General Information
Standard status
Active
Size
3,219 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$12,435
Building Details
Tenancy
Multi
Listing Agency:
Arborview Realty Inc.
(617) 943-9500
Listed By:
Stephen Lussier · License #9065056
(617) 943-9500
Source:
Exprealty
Added: Jul 7
Changed: Aug 8
Last Checked: Aug 20 at 11:58AM
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 Arborview Realty Inc.
Investment Insights
Based on property information with market context.
This 3-family home measures 3,219 square feet, with each unit offering 5 rooms, 2 bedrooms, and 1 bathroom. Unit features include in-unit laundry, eat-in kitchens, pantries, built-in China cabinets, natural woodwork, hardwood floors, porches, and additional storage in the walkout basement. The property has been well-maintained and includes a foundation suited to future updates.
Located at 9 Blanvon Road in Jamaica Plain, the property is just minutes from the Forest Hills T stop, the Arnold Arboretum, and shops and restaurants along Hyde Park Avenue.
Located at 9 Blanvon Road in Jamaica Plain, the property is just minutes from the Forest Hills T stop, the Arnold Arboretum, and shops and restaurants along Hyde Park Avenue.
Key Highlights
- 3‑family home with three units, each offering 5 rooms, 2 bedrooms, and 1 bathroom
- 3,219 square feet of property size
- In‑unit laundry, eat‑in kitchens, pantries, and built‑in China cabinets
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,342
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,626,840
$1.6M
Cap Rate 7%
$1,162,029
$1.2M
Cap Rate 9%
$903,800
$903.8K
Market Conditions
NOI Build-Up for 3,219 SF
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.
Gross rent
$121.7K $37.80/SF
− Vacancy
−$5.5K −$1.70/SF
EGI
$116.2K $36.10/SF
− OpEx
−$34.9K −$10.83/SF
NOI
$81.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,626,840
Cap Rate 7%
$1,162,029
Cap Rate 9%
$903,800
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.02M – $1.36M
NOI $81,342 @ 7.0% cap · market cap 7.57%
Second Best
Apartment 5plus
$1.08M
$945.3K – $1.26M
NOI $75,621 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,727 @ 7.0% cap · market cap 15.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,149
Businesses Nearby
Explore this area
Business Placement
Demographics for 02130, MA
38,284
Population
18,802
Households
2
Avg Household Size
36
Median Age
73%
College-Educated
94%
High-School Grad
3.5 sq mi
ZIP Area
10,938
Density / Sq Mi
$130,533
Median Household Income
$73,238
Median Earnings
$2,434
Median Rent
$763,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three units offer two bedrooms, one bathroom, in-unit laundry, and eat-in kitchens.
Where is this triplex located?
The property is located at 9 Blanvon Rd Boston, MA.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: 3‑family home with three units, each offering 5 rooms, 2 bedrooms, and 1 bathroom; 3,219 square feet of property size; In‑unit laundry, eat‑in kitchens, pantries, and built‑in China cabinets
