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38 Frankfort Street, Boston MA 02128

$1,850,000

Estimated $5,129/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $616,666.67

Total Rent: 145200/year

Estimated CAP Rate:

11 Bedrooms

Baths

4167

Total Parking: 0

3,590 (0.08)

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.

This home has been viewed 9 times

Last Checked: May 30th, 2026 at 7:48pm (Source: MLS PIN #73527015)

Gross Income: $145,200

Gross Expenses: $25,554

Net Income Calc: $119,646

Water Views

Annual Expenses for 38 Frankfort Street, Boston MA 02128

Total Gross Expenses (Calculated)$25,554/year

APOD AvailableYes

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax25554

Annual Income & Unit Breakdown for 38 Frankfort Street, Boston MA 02128

Total Gross Income (Calculated)$145,200

Unit 1

Rental Income$0

LeaseY

Bedrooms3

Bathrooms1 Full

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

LeaseY

Bedrooms4

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 38 Frankfort Street, Boston MA 02128

Listing ID73527015

Property TypeMulti Family / 3 Family

Price1850000 ($443.96/SqFt)

Style3 Family - 3 Units Up/down

CityBoston

CountySuffolk

Neighborhood(s)

Approximate Living Area Total4167

Approximate Lot Size (Acres)0.08

Total Parking0

Garage Parking0

Year Built1905

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

Basement

Construction Materials

Lot FeaturesGentle Sloping

Foundation Description

Accessible Features

Outdoor Space

ZoningEBR-4

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 38 Frankfort Street, Boston MA 02128

Lead PaintNone

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsAll Staging And Seller's Personal Items.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 38 Frankfort Street, Boston MA 02128

Real Estate Taxes25554

Tax Year2026

Assessed Value$2,043,400

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 38 Frankfort Street, Boston MA 02128

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 38 Frankfort Street, Boston MA 02128

Agent

Name: Kelleher - Pentore Team

Office

Name: Horvath & Tremblay

Phone: 781-776-4000

Team Members

Name: Kelleher - Pentore Team

Name: Dennis Kelleher

Payment Calculator

, Interest

Property Taxes 2129.5

Principal & Interest 11399.11

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Horvath & Tremblay

Kelleher - Pentore Team

Agent Phone

Office Phone

(781) 776-4000

Text Agent Call Agent Call Office

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EXIT

16 More Photos

Active

38 Frankfort Street, Boston MA 02128

$1,850,000

Annual Expenses for 38 Frankfort Street, Boston MA 02128

Annual Income & Unit Breakdown for 38 Frankfort Street, Boston MA 02128

General Information for 38 Frankfort Street, Boston MA 02128

Disclosures for 38 Frankfort Street, Boston MA 02128

Financial Information for 38 Frankfort Street, Boston MA 02128

Location Information for 38 Frankfort Street, Boston MA 02128

Contact Information for 38 Frankfort Street, Boston MA 02128

Agent

Office

Team Members

Payment Calculator

Exclusive Listing Agent

Horvath & Tremblay

Kelleher - Pentore Team