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INVESTMENT SNAPSHOT
About this property
38 Frankfort Street, situated in an incredible urban infill location in Jeffries Point, is a desirable, brick multi-story building containing three (3) units with two (2) 4-Bedroom/1-Bathroom units and one (1) 3+-Bedroom/1-Bathroom unit with 4,167 square feet of gross living area in 6,060 square feet of gross area situated upon a 0.08-acre parcel. All units’ feature condo quality finishes with newer kitchens with granite countertops, cabinetry and stainless-steel appliances with dishwashers, renovated bathrooms, hardwood floors throughout and individual laundry. Tenants are responsible for ALL utilities at the Property, including gas powered heat & hot water, separately metered electricity, and city water & sewer. Property is currently assessed at $2,043,400 as Three (3) Condos. Opportunity exists to increase income by converting back into a 3-Unit property and potentially reducing taxes.
Property details
| Units | 3 |
| Living area | 4,167 sqft |
| Lot size | 3,590 sqft |
| Year built | 1905 |
| Price / sqft | $444 |
| County | Suffolk |
| MLS # | 73527015 |
Listing status
| Days on market | 20 days |
| Listed on | May 29, 2026 |
Taxes & financials
| Annual property tax | $25,554 |
| Tax year | 2026 |
| Assessed value | $2,043,400 |
| Zoning | EBR-4 |
| Gross income (actual) | $145,200/yr |
| Net operating income (actual) | $106,040/yr |
| Total actual rent | $12,100/mo |
Building & lot
| Stories | 3 |
| Total rooms | 17 |
| Lot size | 0.08 acres |
| Garage spaces | 0 |
| Parking spaces | 0 |
| Parking | On Street |
| Foundation | Other |
| Roof | Rubber |
Utilities & systems
| Sewer | Public Sewer |
| Water | Public |
Location
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Listing courtesy of a MLS PIN member office. Listing data © MLS PIN.
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Questions & answers
Auto-generated from the listing data — richer AI answers coming with the live site.
How many units does 38 Frankfort Street, Boston MA 02128 have?
It is a 3-unit multi-family property with 4,167 sqft of living area, built in 1905.
How long has 38 Frankfort Street, Boston MA 02128 been on the market?
38 Frankfort Street, Boston MA 02128 has been listed for 20 days (since May 29, 2026).
What is the estimated cap rate on this 3-family in Boston?
Based on area median rents, the estimated cap rate is about 4.2%, with a Signal Score of 75/100. These are directional estimates, not an appraisal.
What is the price per unit?
At a list price of $1,850,000 across 3 units, that works out to roughly $616,667 per unit.
What are the property taxes on 38 Frankfort Street, Boston MA 02128?
Annual property taxes are $25,554 (2026), on an assessed value of $2,043,400.
What is the price per square foot?
At $1,850,000 for 4,167 sqft, that's about $444 per square foot.
Where is this property located?
38 Frankfort Street, Boston MA 02128 is in Boston, Suffolk County, MA 02128.
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