Cap rate measures a property’s net operating income against its price. Across Greater Boston, stabilized multi-families generally run a 4–5.5% cap, with value-add and outer neighborhoods reaching 6%+. Here’s how to read it and what’s realistic locally.
Justin Rollo of Signal Real Estate knows this market — ask anything.
Listings here are curated by Justin Rollo of Signal Real Estate, an investor-friendly agent who works this market every day.
Anything 5%+ is solid for a stabilized Greater Boston multi-family; 6%+ usually means an outer neighborhood or a value-add play. Boston runs lower than most US metros because of strong appreciation and demand.
Justin Rollo of Signal Real Estate — reach out below for specifics on your situation.

Justin Rollo is a Broker Associate with Signal Real Estate (MA Lic. #9534264) and a lifelong Massachusetts resident. Over 14 years and hundreds of transactions, he has worked investment properties — multi-families and house-hacking — across Greater Boston full-time. Away from real estate, Justin is a proud dad, youth coach and local school-committee member — and a former professional poker player who still loves golf and following local sports.