Call for offers - 110-128R Terrace Street is an 18,000 sqft site which is ZBA approved for 79 residential apartments with first floor retail and garage parking. $4.99M with ZBA approvals. The site is comprised of 5 parcels. This listing is three continguous residential buildings at 124, 126 & 128R Terrace, listed for $3.25M and is a 3 family with TAW, a 3 fam which is already vacant and a single family with a TAW. Being sold with MLS# 73581797, which is a corner commercial building at 110-118 Terrace St that has 2 TAW businesses, both aware of the development/preparing to vacate & the adjacent 3539 sqft lot, considered 120 Terrace St. The asking price for just the real estate as is, $4.79M. Ask agent for details and planned development context map for Terrace St.
This home has been viewed 21 times
Last Checked: October 14th, 2026 at 4:29am (Source: MLS PIN #73581795)
Gross Income: $73,200
Gross Expenses: $37,246
Net Income Calc: $35,954
Water Views
Annual Expenses for 124-128R Terrace St, Boston MA 02120
Total Gross Expenses (Calculated)$37,246/year
APOD AvailableNo
Heating
Electricity
Water
Gas
Insurance
Sewer
Trash Removal
Repair & Maintenance
Management
Miscellaneous
Real Estate Tax37246
Annual Income & Unit Breakdown for 124-128R Terrace St, Boston MA 02120
Total Gross Income (Calculated)$73,200
Unit 1
Rental Income$0
LeaseN
Bedrooms3
Bathrooms3 Full
Floor1
Levels in Unit2
Rent Includes
Unit 2
Rental Income$0
LeaseN
Bedrooms2
Bathrooms2 Full
Floor2
Levels in Unit1
Rent Includes
Unit 3
Rental Income$0
LeaseN
Bedrooms2
Bathrooms2 Full
Floor3
Levels in Unit1
Rent Includes
Unit 4
Rental Income$0
LeaseN
Bedrooms1
Bathrooms1 Full
Floor1
Levels in Unit1
Rent Includes
General Information for 124-128R Terrace St, Boston MA 02120
Listing ID73581795
Property TypeMulti Family / 5+ Family
Price3250000 ($566.5/SqFt)
Style5-9 Family
CityBoston
CountySuffolk
MLS AreaMission Hill
Neighborhood(s)
Approximate Living Area Total5737
Approximate Lot Size (Acres)0.09
Total Parking6 (2 Garage)
Garage Parking2
Year Built1880
Year Built SourcePublic Records
Year Built DetailsActual
WaterPublic
SewerPublic Sewer
Electric
Hot Water
Roof MaterialAsphalt/fiberglass Shingles
BasementFull
Construction MaterialsFrame
Lot FeaturesGentle Sloping
Foundation Description
Accessible Features
Outdoor SpaceCovered
ZoningLI
Water ViewsNo
Water Views Features
Waterfront0
Waterfront Features
Terms
Disclosures for 124-128R Terrace St, Boston MA 02120
Lead PaintNone
UFFI
Living Area Includes BasementYes
Living Area Disclosure
Building Area SourcePublic Records
ExclusionsWall Mounted Tv's-Brackets To Remain
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 124-128R Terrace St, Boston MA 02120
Real Estate Taxes37246
Tax Year2026
Assessed Value$3,003,700
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 124-128R Terrace St, Boston MA 02120
Neighborhood(s)
MLS AreaMission Hill
Area AmenitiesWalk/jog Trails
Contact Information for 124-128R Terrace St, Boston MA 02120