Two-Family Duplex with Detached
For Sale
$1,300,000
14 Bayard St, Boston, MA 02134
Residential Income, Boston, MA
Property Size2,820 SF
Lot Size0.09 Acres
Price / SF$460.99
Days on Market102
Property Features for 14 Bayard St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
8
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 7, Bedroom 8, Bathroom 1, Bedroom 2, Bedroom 6
Parking
3
Directions
Bayard is located between Myrick St. and N. Harvard St.
Subdivision
Allston
Standard status
Active
APN
W:22 P:01506 S:000,1207356
Size
2,820 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10920
Building Details
Year built
1890
Floors in Building
3
Number of units
2
Listing Agency:
RE/MAX Select Realty · RE/MAX International
(617) 787-9800
Listed By:
Kevin Cleary · License #449530776
(617) 304-1277
Added: Jun 18
Changed: Sep 21
Last Checked: Sep 27 at 11:06PM
MLS# 73538278
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 14 Bayard St in Boston, this 2,820-square-foot duplex was built in 1890 and includes two residential apartments. The upper residence occupies two levels with formal living and dining rooms, along with updated kitchen and bathroom spaces. Its third-floor attic adds substantial flexible area. The first-floor apartment provides three bedrooms plus a renovated kitchen and bathroom. A detached garage and private driveway with parking for three vehicles add useful site improvements on the 0.0918-acre parcel.
The property is near Harvard Business School, Harvard Square, Trader Joe’s, the Mass Pike, and Storrow Drive. R2 zoning supports the existing two-family configuration. The combination of two units, separate living areas, updated interior spaces, garage parking, and proximity to established Cambridge-area destinations creates a functional residential income property.
The property is near Harvard Business School, Harvard Square, Trader Joe’s, the Mass Pike, and Storrow Drive. R2 zoning supports the existing two-family configuration. The combination of two units, separate living areas, updated interior spaces, garage parking, and proximity to established Cambridge-area destinations creates a functional residential income property.
Key Highlights
- 2,820‑square‑foot duplex on a 0.0918‑acre lot
- Two residential apartments, including a first‑floor three‑bedroom unit
- Upper apartment spans two levels with formal living and dining rooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$71,259
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,425,180
$1.4M
Cap Rate 7%
$1,017,986
$1.0M
Cap Rate 9%
$791,767
$791.8K
Market Conditions
NOI Build-Up for 2,820 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$106.6K $37.80/SF
− Vacancy
−$4.8K −$1.70/SF
EGI
$101.8K $36.10/SF
− OpEx
−$30.5K −$10.83/SF
NOI
$71.3K $25.27/SF
Area
Boston, MA
Vacancy
4.50%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,425,180
Cap Rate 7%
$1,017,986
Cap Rate 9%
$791,767
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$890.7K – $1.19M
NOI $71,259 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$946.4K
$828.1K – $1.10M
NOI $66,248 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,813 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,868
Businesses Nearby
Explore this area
Business Placement
Demographics for 02134, MA
21,707
Population
9,027
Households
2.4
Avg Household Size
27
Median Age
76%
College-Educated
96%
High-School Grad
1.2 sq mi
ZIP Area
18,089
Density / Sq Mi
$75,317
Median Household Income
$49,275
Median Earnings
$2,269
Median Rent
$586,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - R2-zoned duplex with renovated kitchens and bathrooms, a detached garage, and private off-street parking.
Where is this duplex located?
The property is located at 14 Bayard St Boston, MA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 2,820‑square‑foot duplex on a 0.0918‑acre lot; Two residential apartments, including a first‑floor three‑bedroom unit; Upper apartment spans two levels with formal living and dining rooms
