Two-Family Residential Income
1138 Adams Street Boston, MA 02124
1138 Adams Street, Boston, MA, 02124
$1,150,000
For Sale
$1,150,000
Dorchester two-family home on a 6,605 SF lot with 3,178 SF of space, suited for renovation or modernization.
Property Size3,177 SF
Lot Size0.15 Acres
Price / SF$361.98
Days on Market10
Property Features for 1138 Adams Street
General Information
- Standard status
- Active
- Size
- 3,177 SF
- Lot size
- 0.15 Acres
- Property subtype
- Multi-family
Building Details
- Year Built
- 1880
Listing agency
Fine Properties,Inc.
Listed by
Justine Snyder
(508) 287-2695
Source
Demakis
Added: Jul 12 Updated: Jul 20 at 8:32PM Checked: Jul 21 at 8:44AM
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 Fine Properties,Inc.
Investment Insights
Based on property information with market context.
1138 Adams Street is a classic Dorchester two-family residence offering spacious living across approximately 3,178 SF. The property sits on a 6,605 SF lot and provides a multi-family layout with a substantial footprint for renovation, modernization, or repositioning.
Located in Boston’s Adams Village area, the home is positioned near local conveniences such as cafés and parks, with everyday amenities within the neighborhood.
This is a residential income property well-suited for contractors, developers, or investors seeking a project based on the home’s scale, layout, and multi-family configuration.
Located in Boston’s Adams Village area, the home is positioned near local conveniences such as cafés and parks, with everyday amenities within the neighborhood.
This is a residential income property well-suited for contractors, developers, or investors seeking a project based on the home’s scale, layout, and multi-family configuration.
Key Highlights
- Dorchester two‑family home with 3,178 SF of living space
- Set on a 6,605 SF lot in the Adams Village neighborhood
- Year built: 1880
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 | $120.1k | $37.80 |
| − Vacancy | −$5.4k | −$1.70 |
| EGI | $114.7k | $36.10 |
| − OpEx | −$34.4k | −$10.83 |
| NOI | $80.3k | $25.27 |
3,177 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.00M – $1.34M
NOI $80,281 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$1.07M
$932.9K – $1.24M
NOI $74,634 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$2.38M
$2.08M – $2.78M
NOI $166,526 @ 7.0% cap · market cap 14.48%
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 - Dorchester two-family home on a 6,605 SF lot with 3,178 SF of space, suited for renovation or modernization.
Where is this duplex located?
The property is located at 1138 Adams Street Boston, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Dorchester two‑family home with 3,178 SF of living space; Set on a 6,605 SF lot in the Adams Village neighborhood; Year built: 1880
