Two-Unit Duplex with Rear
119 M Street, Boston, MA 02127
For Sale
$1,235,000
Pending
Separate layouts include in-unit laundry and private outdoor spaces for both residences.
Property Size2,489 SF
Days on Market9
Property Features for 119 M Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
rear patio
full-size laundry
in-unit laundry
private rear deck
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Grove Property Group
Listed By:
Gpg Team
(617) 812-9035
Source:
Condonrealty
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 13 at 2:43PM
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 Grove Property Group
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Investment Insights
Based on property information with market context.
This 2,489-square-foot duplex, built in 1900, contains two residences. The first is a one-bedroom, one-bathroom unit with a finished lower level, street-level walkout, rear patio, and full-size laundry. The second is a four-bedroom, one-and-a-half-bath duplex with a modern kitchen, in-unit laundry, heated flooring in the main bathroom, and a private rear deck. Both units have gas hot-water baseboard heat and ductless mini-splits; the upper residence also has Andersen windows and doors.
Located on M Street in Boston’s South Boston East Side, the property is near East Broadway and M Street Beach. Zoning is listed as residential. The upper unit is leased to three tenants through August 31, 2027.
Located on M Street in Boston’s South Boston East Side, the property is near East Broadway and M Street Beach. Zoning is listed as residential. The upper unit is leased to three tenants through August 31, 2027.
Key Highlights
- Two residences in a 2,489‑square‑foot duplex built in 1900
- One‑bedroom unit includes a finished lower level, street‑level walkout, rear patio, and full‑size laundry
- Four‑bedroom duplex features a modern kitchen, heated main‑bath floor, and private rear deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,895
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,257,900
$1.3M
Cap Rate 7%
$898,500
$898.5K
Cap Rate 9%
$698,833
$698.8K
Market Conditions
NOI Build-Up for 2,489 SF
Gross rent
$94.1K $37.80/SF
− Vacancy
−$4.2K −$1.70/SF
EGI
$89.9K $36.10/SF
− OpEx
−$27.0K −$10.83/SF
NOI
$62.9K $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%
$1,257,900
Cap Rate 7%
$898,500
Cap Rate 9%
$698,833
Alternative Uses
Best Use
Multifamily LT 5
$898.5K
$786.2K – $1.05M
NOI $62,895 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$835.3K
$730.9K – $974.5K
NOI $58,472 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,463 @ 7.0% cap · market cap 10.56%
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
1,129
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 - Separate layouts include in-unit laundry and private outdoor spaces for both residences.
Where is this duplex located?
The property is located at 119 M Street Boston, MA.
What is the asking price?
The asking price for this property is $1,235,000.
What are key features of this property?
This property features: Two residences in a 2,489‑square‑foot duplex built in 1900; One‑bedroom unit includes a finished lower level, street‑level walkout, rear patio, and full‑size laundry; Four‑bedroom duplex features a modern kitchen, heated main‑bath floor, and private rear deck
