Three-Story Multifamily
9 Parkwood Ter Boston, MA 02130
For Sale
$1,849,999
MULTI_FAMILY - Boston, MA
Property Size3,579 SF
Lot Size0.09 Acres
Price / SF$516.90
Days on Market48
Property Features for 9 Parkwood Ter
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 8, Bedroom 2, Bedroom 5, Bedroom 9, Bedroom 6, Bedroom 7
- Parking
- 2
- Fireplace
- 1
- Standard status
- Active
- APN
- W:10 P:02137 S:000,1347928
- Size
- 3,579 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 16161
Building Details
- Year built
- 1925
- Floors in Building
- 3
- Number of units
- 2
Listing Agency:
Keller Williams Realty Boston South West
(781) 251-2101
Listed By:
Iris Papagno
(781) 251-2101
Added: Jun 10
Changed: Jul 5
Last Checked: Jul 27 at 1:06AM
MLS# 73534068
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-story multifamily residence is offered for sale and provides versatile living space across 3 levels. Interior details include original woodwork, hardwood floors, and cozy fireplaces. The home also includes modern bathrooms and secure door-release intercoms, with private decks for each unit. Convenience is built in with washers and dryers on every floor. The property totals 3,579 square feet of building area and sits on a 0.0929-acre lot, zoned R2.
The address is 9 Parkwood Ter in Boston’s 02130 area. Public remarks note access just off the Jamaicaway and a Walk Score of 90, with residents described as being within a 7-minute stroll to Jamaica Pond and Olmsted Park, and steps from Centre Street’s dining. Commuting is described as facilitated by the Green Line (E) and major bus routes blocks away. The Longwood Medical Area is noted as being just over a mile from the property.
As a turn-key income property, it is positioned for tenants who value in-home laundry and outdoor private deck space, along with features such as intercom entry and well-finished interiors. For buyers and operators, the configuration of dedicated living areas across three levels can support practical unit planning within an R2 zoning framework.
The address is 9 Parkwood Ter in Boston’s 02130 area. Public remarks note access just off the Jamaicaway and a Walk Score of 90, with residents described as being within a 7-minute stroll to Jamaica Pond and Olmsted Park, and steps from Centre Street’s dining. Commuting is described as facilitated by the Green Line (E) and major bus routes blocks away. The Longwood Medical Area is noted as being just over a mile from the property.
As a turn-key income property, it is positioned for tenants who value in-home laundry and outdoor private deck space, along with features such as intercom entry and well-finished interiors. For buyers and operators, the configuration of dedicated living areas across three levels can support practical unit planning within an R2 zoning framework.
Key Highlights
- Multi‑family home built in 1925 with 3 levels of living space
- Original woodwork, hardwood floors, and fireplaces throughout
- 9 bedrooms and 3 bathrooms across the home’s layout
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 | $135.3k | $37.80 |
| − Vacancy | −$6.1k | −$1.70 |
| EGI | $129.2k | $36.10 |
| − OpEx | −$38.8k | −$10.83 |
| NOI | $90.4k | $25.27 |
3,579 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.29M
$1.13M – $1.51M
NOI $90,439 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,078 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$2.68M
$2.34M – $3.13M
NOI $187,597 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Three-level multifamily with private decks and in-unit washers and dryers on every floor.
Where is this duplex located?
The property is located at 9 Parkwood Ter Boston, MA.
What is the asking price?
The asking price for this property is $1,849,999.
What are key features of this property?
This property features: Multi‑family home built in 1925 with 3 levels of living space; Original woodwork, hardwood floors, and fireplaces throughout; 9 bedrooms and 3 bathrooms across the home’s layout
