Triplex with Private
For Sale
$1,499,000
93 Auckland St, Boston, MA 02125
Three matching residential units include spacious living and dining rooms, eat-in kitchens, and two bedrooms each.
Property Size3,444 SF
Days on Market9
Property Features for 93 Auckland St
General Information
Standard status
Active
Size
3,444 SF
Property subtype
Investment
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$11,100
Amenities
front and rear porches
private backyard with patio and garden
Building Details
Building Size
3,444 SF
Year Built
1905
Buildings
1
Stories
3
Units
3
Listing Agency:
(617) 999-5639
Listed By:
Anne Riley
(617) 999-5639
Source:
Elliman
Added: Aug 14
Changed: Aug 21
Last Checked: Aug 21 at 1:32PM
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 Anne Riley
Investment Insights
Based on property information with market context.
This 1905 triplex contains three similarly arranged residential units, each with large living and dining rooms, an eat-in kitchen, pantry, two bedrooms, and one bathroom. Hardwood flooring, original wood detailing, built-in china cabinets, and newer front and rear porches add to the building’s period character. The property will be delivered vacant.
Outdoor features include a private backyard with a patio and garden area. The property is located at 93 Auckland St in Boston’s Savin Hill area, three blocks from Savin Hill MBTA station and within walking distance of Savin Hill Beach, UMass Boston, restaurants, bars, and shopping. WalkScore is 69, TransitScore is 74, and BikeScore is 56.
Outdoor features include a private backyard with a patio and garden area. The property is located at 93 Auckland St in Boston’s Savin Hill area, three blocks from Savin Hill MBTA station and within walking distance of Savin Hill Beach, UMass Boston, restaurants, bars, and shopping. WalkScore is 69, TransitScore is 74, and BikeScore is 56.
Key Highlights
- Three‑unit triplex built in 1905
- Each unit has 2 bedrooms and 1 bathroom
- Large living and dining rooms plus eat‑in kitchens in all units
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
$87,027
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
5.81%
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%
$1,740,540
$1.7M
Cap Rate 7%
$1,243,243
$1.2M
Cap Rate 9%
$966,967
$967.0K
Market Conditions
NOI Build-Up for 3,444 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
$130.2K $37.80/SF
− Vacancy
−$5.9K −$1.70/SF
EGI
$124.3K $36.10/SF
− OpEx
−$37.3K −$10.83/SF
NOI
$87.0K $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%
$1,740,540
Cap Rate 7%
$1,243,243
Cap Rate 9%
$966,967
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.09M – $1.45M
NOI $87,027 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$1.16M
$1.01M – $1.35M
NOI $80,907 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,521 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,742
Businesses Nearby
Explore this area
Business Placement
Demographics for 02125, MA
34,926
Population
14,999
Households
2.3
Avg Household Size
32
Median Age
42%
College-Educated
87%
High-School Grad
2.2 sq mi
ZIP Area
15,875
Density / Sq Mi
$71,810
Median Household Income
$52,106
Median Earnings
$1,897
Median Rent
$645,400
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 matching residential units include spacious living and dining rooms, eat-in kitchens, and two bedrooms each.
Where is this triplex located?
The property is located at 93 Auckland St Boston, MA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Three‑unit triplex built in 1905; Each unit has 2 bedrooms and 1 bathroom; Large living and dining rooms plus eat‑in kitchens in all units
