Building Details

Year built 1905

Floors in Building 3

Number of units 3

Listing Agency: RE/MAX Realty Plus · RE/MAX International

Listed By: James Fitzgerald Show Phone

Added: Mar 27, 2025 Changed: Oct 2 Last Checked: Oct 7 at 8:06PM

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MLS# 73350904

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Investment Insights

Based on property information with market context.

Built in 1905, this 5,400-square-foot triplex contains three residential units, each arranged with four bedrooms and two bathrooms. The property offers ocean and city views, along with a zoning-approved path to add a fourth unit.

The building sits on a 0.0918-acre lot at 933 E Broadway in Boston’s South Boston area. Its existing three-unit configuration, substantial bedroom count, and approved additional-unit capacity define the property’s residential income profile.

Key Highlights

• 5,400 square feet across a three‑unit residential configuration
• Each unit includes 4 bedrooms and 2 bathrooms
• Zoning approved for a 4th unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$136,454

Cap Rate

4.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,729,080 $2.7M

Cap Rate 7%

$1,949,343 $1.9M

Cap Rate 9%

$1,516,156 $1.5M

Market Conditions

NOI Build-Up for 5,400 SF

Gross rent

$204.1K $37.80/SF

− Vacancy

−$9.2K −$1.70/SF

EGI

$194.9K $36.10/SF

− OpEx

−$58.5K −$10.83/SF

NOI

$136.5K $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%

$2,729,080

Cap Rate 7%

$1,949,343

Cap Rate 9%

$1,516,156

Alternative Uses

Best Use

Multifamily LT 5

$1.95M

$1.71M – $2.27M (±1% cap)

NOI $136,454 @ 7.0% cap · market cap 4.56%

Second Best

Apartment 5plus

$1.81M

$1.59M – $2.11M (±1% cap)

NOI $126,857 @ 7.0% cap · market cap 4.24%

Theoretical Best

Office A

$4.04M

$3.54M – $4.72M (±1% cap)

NOI $283,046 @ 7.0% cap · market cap 9.45%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Dental Office Daycare Center Pharmacy (Bike/Boat/Book/etc) Store Auto Repair Shop Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

823

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Triplex - R3-zoned property with approval for a fourth residential unit.

Where is this triplex located?

The property is located at 933 E Broadway Boston, MA.

What is the asking price?

The asking price for this property is $2,995,000.

What are key features of this property?

This property features: 5,400 square feet across a three‑unit residential configuration; Each unit includes 4 bedrooms and 2 bathrooms; Zoning approved for a 4th unit