Two-Unit Residential Income
10 Royal Street Boston, MA 02134
10 Royal Street, Boston, MA, 02134
$1,750,000
For Sale
$1,750,000
Two-unit building with updated kitchens and baths, hardwood floors, fenced yard, basement storage, and coin-op laundry.
Property Size4,384 SF
Price / SF$399.18
Days on Market86
Property Features for 10 Royal Street
General Information
- Standard status
- Active
- Size
- 4,384 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Compass
Listed by
Alexander Koziakov
(617) 731-4644
Source
Hammondre
Added: Apr 27 Updated: Jul 20 at 9:51PM Checked: Jul 21 at 8:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
This two-family residential income property offers two spacious units totaling approximately 4,384 square feet, with 10 bedrooms and 4 bathrooms. Updates include renovated kitchens and baths, hardwood floors, and replacement windows. The building also includes a fenced yard, a basement suitable for storage or potential expansion, and coin-op laundry in the basement.
The property is positioned near major Boston-area educational and employment centers and provides convenient access to I-90 and Storrow Drive, with multiple bus routes and both the Green and Red Lines.
Reportedly, the property is currently generating $11,000 per month in gross rental income. While the property is structured as a two-family, it is also described as having possible condo conversion opportunities or future expansion to add additional living area and bathrooms.
The property is positioned near major Boston-area educational and employment centers and provides convenient access to I-90 and Storrow Drive, with multiple bus routes and both the Green and Red Lines.
Reportedly, the property is currently generating $11,000 per month in gross rental income. While the property is structured as a two-family, it is also described as having possible condo conversion opportunities or future expansion to add additional living area and bathrooms.
Key Highlights
- Two‑family property built in 1900 with approx. 4,384 SF, 10 bedrooms, and 4 bathrooms
- Generates $11,000/month in gross rental income (per public remarks)
- Updated kitchens and baths, hardwood floors, and replacement windows across both units
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 | $165.7k | $37.80 |
| − Vacancy | −$7.5k | −$1.70 |
| EGI | $158.3k | $36.10 |
| − OpEx | −$47.5k | −$10.83 |
| NOI | $110.8k | $25.27 |
4,384 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.58M
$1.38M – $1.85M
NOI $110,781 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$1.47M
$1.29M – $1.72M
NOI $102,989 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$3.28M
$2.87M – $3.83M
NOI $229,792 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit building with updated kitchens and baths, hardwood floors, fenced yard, basement storage, and coin-op laundry.
Where is this duplex located?
The property is located at 10 Royal Street Boston, MA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Two‑family property built in 1900 with approx. 4,384 SF, 10 bedrooms, and 4 bathrooms; Generates $11,000/month in gross rental income (per public remarks); Updated kitchens and baths, hardwood floors, and replacement windows across both units
