Investment Analysis — 36 Spencer St

Boston, MA 02124

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-unit multi-family in 02124 carries an estimated $9,860/mo in gross rent — about a 5.23% cap rate and $78,407/yr in estimated NOI at the $1,499,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

3,083

Style

3 Family

Built

1900

Rare opportunity to own a turnkey 3-family in a strong Dorchester location near Talbot Ave commuter rail. The property has undergone extensive renovations and system updates within the last 10 years, including major electrical, plumbing, heating, and interior improvements, with select kitchens and bathrooms renovated within the last year. Deleaded units with compliance documentation available. The layout offers spacious units, including a first-floor unit with additional finished lower-level space and separate entrance, a large second-floor unit, and a top-floor unit featuring a primary suite. Additional features include updated systems, off-street parking, strong commuter access to downtown Boston, and architectural shingles replaced approximately 7 years ago on the pitched portion of the roof. Property will be delivered vacant, offering a strong opportunity for market-rate lease-up and stabilization.

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 MLS and other third-party data may be inaccurate or out of date.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.