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Two-Unit Residential Income Duplex

37-39 Hill Top St Boston, MA 02124

37-39 Hill Top St, Boston, MA, 02124
$1,024,000
Pending
For Sale
Claim this Listing
$1,024,000
Pending

MULTI_FAMILY - Boston, MA

Property Size3,202 SF
Lot Size0.11 Acres
AddedJul 3
Days on Market13
Last RefreshJul 15 at 9:06 pm

Property Features for 37-39 Hill Top St

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
5
Bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 3
Parking
6
Standard status
Pending
APN
W:16 P:04489 S:000,1317366
Size
3,202 SF
Lot size
0.11 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
10174

Building Details

Year built
1929
Floors in Building
2
Number of units
2

Listing agent Scott Morris

Listing office Keller Williams Realty 574 Washington Street, South Easton, MA

Listing date Jul 3, 2026

MLS# 73544581 Listing URL

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.

This duplex residential income property offers a total of 5 bedrooms and 2 bathrooms and was built in 1929. The home includes living space arranged for multi-family use and features a two-car garage for convenient, secure parking, along with a yard for outdoor space.

Located in Boston’s Dorchester Center area, the property sits within the Lower East Mills – Cedar Grove neighborhood and is listed under R2 zoning. Residents have easy access to I-93 and commuting convenience via public transportation. The surrounding area also provides proximity to Neponset River Conservation and walking trails and playgrounds.

The configuration can work for tenants seeking a residential setting with dedicated garage parking, or for an owner-occupant looking to live in one portion while renting the other. With its two-unit layout, established residential build, and outdoor space, the property supports practical day-to-day use for both rental and owner-occupied scenarios.

Key Highlights

  • 5‑bedroom, 2‑bathroom multi‑family property built in 1929
  • 3,202 sq ft of living space on a 4,802 sq ft lot
  • Two‑car garage for convenient, secure parking

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $121.0k $37.80
− Vacancy −$5.4k −$1.70
EGI $115.6k $36.10
− OpEx −$34.7k −$10.83
NOI $80.9k $25.27
3,202 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$1.16M
$1.01M – $1.35M (±1% cap)
NOI $80,912 @ 7.0% cap · market cap 7.90%
Second Best
Apartment 5plus
$1.07M
$940.3K – $1.25M (±1% cap)
NOI $75,222 @ 7.0% cap · market cap 7.35%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M (±1% cap)
NOI $167,836 @ 7.0% cap · market cap 16.39%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Restaurant Food Market Grocery & Convenience Store Gym & Fitness Center Computer & Electronic Repair Acupuncture Law Firm Big Box & Wholesale Store Tech Support Center Bakery

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Duplex with 5 bedrooms, 2 bathrooms, a two-car garage, and yard space for owner-occupants or rental operators.
Where is this duplex located?
The property is located at 37-39 Hill Top St Boston, MA.
What is the asking price?
The asking price for this property is $1,024,000.
What are key features of this property?
This property features: 5‑bedroom, 2‑bathroom multi‑family property built in 1929; 3,202 sq ft of living space on a 4,802 sq ft lot; Two‑car garage for convenient, secure parking
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