Investment Analysis — 39-41 Millet Street

Boston, MA 02124 — Dorchester

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 $7,680/mo in gross rent — about a 6.00% cap rate and $59,366/yr in estimated NOI at the $989,500 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

3,726

Style

3 Family

Built

1905

FIRST SHOWING THURSDAY Oct 1st at the Open House! A classic Boston triple decker with income today and potential for tomorrow. 39–41 Millet Street! This spacious three family property offers strong rental potential along with exciting opportunities for future growth. Each floor features a well designed five room layout with two bedrooms, a living room, dining room, kitchen, and full bath. For investors looking to maximize the property's potential, the walk-up attic may offer an opportunity for an Accessory Dwelling Unit (ADU), while the existing stone garage presents another possible value add opportunity for conversion or redevelopment, subject to zoning, permitting, and city approval. With solid bones, spacious and functional unit layouts, and strong rental demand in the area, this property provides an excellent foundation for both immediate income and long term appreciation. Whether you're an investor looking to expand your portfolio or an owner occupant seeking the benefits of rental income, 39–41 Millet Street offers multiple possibilities to increase value and cash flow over time.

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 MLS and other third-party data may be inaccurate or out of date.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