Greek Revival
New
For Sale
$3,500,000
918-920 E 4th Street, Boston, MA 02127
The detached residence combines three units with updated air conditioning throughout.
Property Size6,337 SF
Price / SF$543.73
Days on Market2
Property Features for 918-920 E 4th Street
General Information
Standard status
Active
Size
6,337 SF
Total Parking Spaces
7
Property subtype
Multifamily
Property Condition
Severity
Repairs Needed
Evidence
needs minor cosmetic work
Site & Location
Neighborhood
South Boston
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$28,774
Amenities
air conditioning
Building Details
Building Size
6,337 SF
Year Built
1856
Buildings
1
Construction
Greek Revival
Listing Agency:
Rooney Real Estate, LLC
Listed By:
Jackie Rooney Team
(617) 645-5370
Source:
Classifiedrealtygroup
Added: Oct 28
Last Checked: Oct 28 at 4:33PM
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 Rooney Real Estate, LLC
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Investment Insights
Based on property information with market context.
Built in 1856, this detached Greek Revival property contains three residential units with a combined 6,437 square feet. The building offers seven bedrooms, five full bathrooms, and two half bathrooms. The largest unit occupies the first floor and part of the ground level, with approximately 2,800 square feet; the property information notes flexibility to use it as a single-family residence alongside two rental units.
Air conditioning has been updated in all three units, and off-street parking accommodates seven or more cars. The property is historic: interior layouts may be altered, but demolition is not permitted. Cosmetic work is needed.
Air conditioning has been updated in all three units, and off-street parking accommodates seven or more cars. The property is historic: interior layouts may be altered, but demolition is not permitted. Cosmetic work is needed.
Key Highlights
- Three‑unit Greek Revival residence built in 1856
- 6,437 square feet with 7 bedrooms, 5 full bathrooms, and 2 half baths
- Largest unit spans approximately 2,800 square feet across the first floor and part of the ground level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$162,658
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,253,160
$3.3M
Cap Rate 7%
$2,323,686
$2.3M
Cap Rate 9%
$1,807,311
$1.8M
Market Conditions
NOI Build-Up for 6,437 SF
Gross rent
$243.3K $37.80/SF
− Vacancy
−$10.9K −$1.70/SF
EGI
$232.4K $36.10/SF
− OpEx
−$69.7K −$10.83/SF
NOI
$162.7K $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%
$3,253,160
Cap Rate 7%
$2,323,686
Cap Rate 9%
$1,807,311
Alternative Uses
Best Use
Multifamily LT 5
$2.32M
$2.03M – $2.71M
NOI $162,658 @ 7.0% cap · market cap 4.65%
Second Best
Apartment 5plus
$2.16M
$1.89M – $2.52M
NOI $151,218 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$4.82M
$4.22M – $5.62M
NOI $337,402 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The detached residence combines three units with updated air conditioning throughout.
Where is this triplex located?
The property is located at 918-920 E 4th Street Boston, MA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Three‑unit Greek Revival residence built in 1856; 6,437 square feet with 7 bedrooms, 5 full bathrooms, and 2 half baths; Largest unit spans approximately 2,800 square feet across the first floor and part of the ground level
