Updated - Fort Hill - three-family with strong in-place income in one of Roxbury’s most desirable residential neighborhoods. Generating $12,870 per month and $154,440 annually in current gross rental income and 6.64% cap rate, 114-116 Thornton Street presents an exceptional opportunity to acquire a renovated, income-producing multifamily property with a proven rental history. Spanning 3,852 square feet, the property features three spacious 4-bedroom, 2-bath residences, creating an impressive 12-bedroom, 6-bath configuration with approximately 1,284 square feet per unit. Each residence offers a generous layout with a large living room, eat-in kitchen, refinished hardwood floors and updated finishes throughout. Kitchens feature granite countertops and stainless steel appliances. Additional features include gas heat, a large shared backyard and free common laundry in the basement with two washers and two dryers. Ideally situated in Fort Hill, approximately one mile from Northeastern University, the property offers convenient access to the Longwood Medical Area, area universities, public transportation, Downtown Boston and the surrounding Roxbury and Mission Hill neighborhoods. With all three residences currently grossing $12,870 a month, 114-116 Thornton Street combines strong in-place income, renovated interiors and a desirable rental configuration with long-term investment potential.
This home has been viewed 9 times
Last Checked: September 20th, 2026 at 8:03pm (Source: MLS PIN #73578206)
Gross Income: $154,440
Gross Expenses: $15,916
Net Income Calc: $138,524
Water Views
Annual Expenses for 114-116 Thornton Street, Boston MA 02119
Total Gross Expenses (Calculated)$15,916/year
APOD AvailableYes
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax15916.88
Annual Income & Unit Breakdown for 114-116 Thornton Street, Boston MA 02119
Total Gross Income (Calculated)$154,440
Unit 1
Rental Income$0
LeaseY
Bedrooms4
Bathrooms2 Full
Floor1
Levels in Unit1
Rent IncludesHeat
Unit 2
Rental Income$0
LeaseY
Bedrooms4
Bathrooms2 Full
Floor2
Levels in Unit1
Rent IncludesHeat
Unit 3
Rental Income$0
LeaseY
Bedrooms4
Bathrooms2 Full
Floor3
Levels in Unit1
Rent IncludesHeat
General Information for 114-116 Thornton Street, Boston MA 02119
Listing ID73578206
Property TypeMulti Family / 3 Family
Price1800000 ($467.29/SqFt)
Style3 Family - 3 Units Up/down
CityBoston
CountySuffolk
MLS AreaRoxbury's Fort Hill
Neighborhood(s)
Approximate Living Area Total3852
Approximate Lot Size (Acres)0.09
Total Parking0
Garage Parking0
Year Built1890
Year Built SourcePublic Records
Year Built DetailsApproximate
WaterPublic
SewerPublic Sewer
Electric220 Volts
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction Materials
Lot FeaturesGentle Sloping
Foundation Area99999
Foundation Description
Accessible Features
Outdoor SpaceCovered
Zoning0012
Water ViewsNo
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 114-116 Thornton Street, Boston MA 02119
Lead PaintNone
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsWasher & Dryer Are Negotiable
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 114-116 Thornton Street, Boston MA 02119
Real Estate Taxes15916.88
Tax Year2027
Assessed Value$1,271,900
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 114-116 Thornton Street, Boston MA 02119
Neighborhood(s)
MLS AreaRoxbury's Fort Hill
Area AmenitiesWalk/jog Trails
Contact Information for 114-116 Thornton Street, Boston MA 02119