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Two-Family Development Opportunity

401 W 4th St Boston, MA 02127

401 W 4th St, Boston, MA, 02127
$1,199,000
For Sale
Claim this Listing
$1,199,000

MULTI_FAMILY - Boston, MA

Property Size2,795 SF
Lot Size0.03 Acres
Price / SF$428.98
AddedJun 9
Days on Market38
Last RefreshJul 16 at 4:06 am

Property Features for 401 W 4th St

General Information

Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
R1
Bedrooms
5
Bathrooms
5
Rooms
Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 1, Bedroom 3, Bathroom 5, Bedroom 5
Standard status
Active
APN
W:06 P:01094 S:000,1412683
Size
2,795 SF
Lot size
0.03 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
10222

Building Details

Year built
1900
Floors in Building
4
Number of units
2

Listing agent Keller Williams

Listing office Keller Williams Realty 1340 Centre Street, Suite 202, Newton, MA

Listing date Jun 9, 2026

MLS# 73532773 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 property offers an opportunity to develop a four-floor two-family with approved plans included in the sale. The building currently features three floors of living space totaling four bedrooms, along with a partially finished walk-out basement with tenants in place through August 2026.

The property is zoned R1. The included plans contemplate both units as duplex-style configurations with generous square footage, and the offering also notes the ability to extend the living area further by maximizing the by-right FAR of 2.0. The current setup and the included approvals are designed to support redevelopment into the intended two-family structure at 401 W 4th St in Boston, MA 02127.

Key Highlights

  • Under construction; building year built listed as 1900
  • Approved plans included to convert from a single‑family to a 4‑floor two‑family
  • Current setup includes 3 floors of living space and 4 bedrooms

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 $105.7k $37.80
− Vacancy −$4.8k −$1.70
EGI $100.9k $36.10
− OpEx −$30.3k −$10.83
NOI $70.6k $25.27
2,795 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$1.01M
$882.9K – $1.18M (±1% cap)
NOI $70,628 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$938.0K
$820.8K – $1.09M (±1% cap)
NOI $65,660 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M (±1% cap)
NOI $146,503 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

FAQs

What type of property is this?
Duplex - Approved plans included for a four-floor two-family, with tenants in place through August 2026.
Where is this duplex located?
The property is located at 401 W 4th St Boston, MA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Under construction; building year built listed as 1900; Approved plans included to convert from a single‑family to a 4‑floor two‑family; Current setup includes 3 floors of living space and 4 bedrooms
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