What is the estimated cap rate for 124-128R Terrace St, Boston, MA 02120?

Based on rent reported on the MLS listing, 124-128R Terrace St, Boston, MA 02120 (7 units) has an estimated 0.90% cap rate at its $3,450,000 list price, assuming $7,500/mo gross rent, 5% vacancy, 20% operating expenses, property taxes. These are estimates, not investment advice.

What is the estimated rent for 124-128R Terrace St, Boston, MA 02120?

The MLS listing reports about $7,500/month in total rent for a 7-unit multi-family in 02120. That is in-place rent from the current leases, which can sit below market on a long-held property.

Active

1 Days on market

124-128R Terrace St Boston — Photo 1 of 27

$3,450,000

Investment Analysis — 124-128R Terrace St

Boston, MA 02120 — Mission Hill

Based on rent reported on the MLS listing, a 7-unit multi-family in 02120 carries $7,500/mo in gross rent — about a 0.90% cap rate and $31,154/yr in estimated NOI at the $3,450,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

5,737

Style

5-9 Family

Built

1880

Call for offers - 110-128R Terrace Street is an 18,000 sqft site which is ZBA approved for 79 residential apartments with first floor retail and garage parking. $5,2M with ZBA approvals. The site is comprised of 5 parcels. This listing is three continguous residential buildings at 124, 126 & 128R Terrace, listed for $3.45M and is a 3 family with TAW, a 3 fam which is already vacant and a single family with a TAW. Being sold with MLS# 73581797, which is a corner commercial building at 110-118 Terrace St that has 2 TAW businesses, both aware of the development/preparing to vacate & the adjacent 3539 sqft lot, considered 120 Terrace St. The asking price for just the real estate as is, $4.99M. Ask agent for details and planned development context map for Terrace St.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Financials

Original Price$3,450,000

Annual Taxes$37,246

Parking

Garage2

Off-Street4

Interior Specifications

Total Rooms29

FireplacesNone

FlooringWood, Tile, Vinyl

BasementFinished, Walk-Out Access, Dirt Floor, Unfinished

Climate & Utilities

Heating--

Cooling--

WaterPublic

SewerPublic Sewer

Building & Exterior

ConstructionFrame

RoofRubber

FoundationStone

ZoningLI

Property & Lot

Acres0.09

SqFt Lot3,787

Lot FeaturesLevel

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Listing Provided By

Listing Agent: Matthew O Hara

Listing Office: Blair Capital, LLC

MLS® Number: 73581795