Two-Unit Residential
For Sale
$899,000
103 London Street, Boston, MA 02128
Two residential units include an updated apartment and a larger duplex with a currently vacant first floor.
Property Size2,112 SF
Price / SF$425.66
Days on Market73
Property Features for 103 London Street
General Information
Standard status
Active
Size
2,112 SF
Property subtype
Multi-family
Units
Unit Mix
1 x 2BR/1BA, 1 x 5BR/1.5BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1900
Listing Agency:
Carlton's Wharf & Co.
Listed By:
Jorge Rodriguez · License #9540521
(617) 331-7473
Source:
Benoitrealestate
Added: Jul 27
Changed: Oct 3
Last Checked: Oct 7 at 1:14PM
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 Carlton's Wharf & Co.
Investment Insights
Based on property information with market context.
This duplex property contains two residential units with distinct configurations. The first apartment has two bedrooms and one bathroom and has been updated. The second residence is a five-bedroom, 1.5-bathroom duplex arranged across the second and third levels, with living space and a dining room on the second level, plus four bedrooms and a half bathroom above. The first-floor unit is vacant.
Built in 1900, the property is located at 103 London St in Boston’s East Boston area. Maverick Square Station and the Blue Line Maverick MBTA are 0.2 miles away, while the waterfront is nearby and provides direct access to Downtown Boston.
Built in 1900, the property is located at 103 London St in Boston’s East Boston area. Maverick Square Station and the Blue Line Maverick MBTA are 0.2 miles away, while the waterfront is nearby and provides direct access to Downtown Boston.
Key Highlights
- Two‑unit duplex property at 103 London St, Boston, MA 02128
- Unit 1 offers 2 bedrooms and 1 bathroom in an updated apartment
- Unit 2 is a 5‑bedroom, 1.5‑bathroom duplex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,369
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,067,380
$1.1M
Cap Rate 7%
$762,414
$762.4K
Cap Rate 9%
$592,989
$593.0K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$79.8K $37.80/SF
− Vacancy
−$3.6K −$1.70/SF
EGI
$76.2K $36.10/SF
− OpEx
−$22.9K −$10.83/SF
NOI
$53.4K $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 Rate 5%
$1,067,380
Cap Rate 7%
$762,414
Cap Rate 9%
$592,989
Alternative Uses
Best Use
Multifamily LT 5
$762.4K
$667.1K – $889.5K
NOI $53,369 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$708.8K
$620.2K – $826.9K
NOI $49,615 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$1.58M
$1.38M – $1.85M
NOI $110,703 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,073
Businesses Nearby
Explore this area
Business Placement
Demographics for 02128, MA
43,066
Population
19,124
Households
2.3
Avg Household Size
33
Median Age
38%
College-Educated
77%
High-School Grad
5.0 sq mi
ZIP Area
8,613
Density / Sq Mi
$92,079
Median Household Income
$48,549
Median Earnings
$2,009
Median Rent
$680,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include an updated apartment and a larger duplex with a currently vacant first floor.
Where is this duplex located?
The property is located at 103 London Street Boston, MA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two‑unit duplex property at 103 London St, Boston, MA 02128; Unit 1 offers 2 bedrooms and 1 bathroom in an updated apartment; Unit 2 is a 5‑bedroom, 1.5‑bathroom duplex
