Duplex with Private
109-111 Marine Rd, Boston, MA 02127
For Sale
New
$2,300,000
Two residential units offer a larger upper residence and a separate first-floor apartment.
Property Size3,257 SF
Price / SF$706.17
Days on Market3
Property Features for 109-111 Marine Rd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
front deck
rear deck
high-ceilinged basement
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Rooney Real Estate, LLC
Listed By:
Jackie Rooney Team
(617) 645-5370
Source:
Classifiedrealtygroup
Added: Nov 12
Last Checked: Nov 12 at 2:47PM
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 Rooney Real Estate, LLC
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Investment Insights
Based on property information with market context.
This 3,257-square-foot duplex contains two apartments. The upper residence spans the second and third floors, with seven rooms, four bedrooms, and two full bathrooms. Its third-floor area received a full renovation in 2014 and has HVAC. On the first floor, a separate five-room apartment includes two bedrooms and one full bathroom. Both residences have front and rear decks. A high-ceiling basement provides additional space for storage or recreation, and the property has off-street parking for three or more vehicles, including two private garages.
The property sits between L and M Streets, about half a block from M Street Beach and the L Street Bathhouse. Local parks, dining, and public transit are also nearby.
The property sits between L and M Streets, about half a block from M Street Beach and the L Street Bathhouse. Local parks, dining, and public transit are also nearby.
Key Highlights
- 3,257 square feet across two residential units
- Upper residence has seven rooms, four bedrooms, and two full bathrooms
- First‑floor apartment includes five rooms, two bedrooms, and one full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,302
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,646,040
$1.6M
Cap Rate 7%
$1,175,743
$1.2M
Cap Rate 9%
$914,467
$914.5K
Market Conditions
NOI Build-Up for 3,257 SF
Gross rent
$123.1K $37.80/SF
− Vacancy
−$5.5K −$1.70/SF
EGI
$117.6K $36.10/SF
− OpEx
−$35.3K −$10.83/SF
NOI
$82.3K $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 Rate 5%
$1,646,040
Cap Rate 7%
$1,175,743
Cap Rate 9%
$914,467
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.03M – $1.37M
NOI $82,302 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$1.09M
$956.4K – $1.28M
NOI $76,514 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$2.44M
$2.13M – $2.85M
NOI $170,719 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,092
Businesses Nearby
Explore this area
Business Placement
Demographics for 02127, MA
37,939
Population
19,495
Households
1.9
Avg Household Size
31
Median Age
69%
College-Educated
95%
High-School Grad
2.1 sq mi
ZIP Area
18,066
Density / Sq Mi
$156,373
Median Household Income
$85,444
Median Earnings
$2,435
Median Rent
$858,600
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Boston, MA
Properties on Market for Duplexes in Boston
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer a larger upper residence and a separate first-floor apartment.
Where is this duplex located?
The property is located at 109-111 Marine Rd Boston, MA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 3,257 square feet across two residential units; Upper residence has seven rooms, four bedrooms, and two full bathrooms; First‑floor apartment includes five rooms, two bedrooms, and one full bathroom
