Two-Unit Building with Separate
For Sale
$740,000
120 Hermon St, Winthrop, MA 02152
Two residential units offer distinct layouts, outdoor space, and a central setting near transit and community amenities.
Property Size2,000 SF
Lot Size0.23 Acres
Price / SF$370
Days on Market103
Property Features for 120 Hermon St
General Information
Standard status
Active
Size
2,000 SF
Total Parking Spaces
3
Lot size
0.23 Acres
Property subtype
Multi-Family
Zoning
R
Property Condition
Severity
Repairs Needed
Evidence
Property is in need of interior updating
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 4BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,437
Building Details
Building Size
2,000 SF
Year Built
1900
Stories
3
Listing Agency:
Binder Residential
Listed By:
Steve Binder
(617) 531-9079
Source:
Churchillprop
Added: Jul 7
Changed: Oct 16
Last Checked: Oct 16 at 6:41AM
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 Binder Residential
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Investment Insights
Based on property information with market context.
This 2,000-square-foot duplex, built in 1900, contains two residential units with separate electric and gas meters. The first-floor residence includes two bedrooms, one full bath, and a large rear deck. The upper residence spans two levels and provides four bedrooms plus one full bath. Interior updating is needed, giving the property a clear renovation component.
The building sits on an oversized 10,000-square-foot lot with parking for two cars. The rear yard provides additional outdoor area that could accommodate expanded parking or landscaped use, subject to applicable approvals. Ingleside Park and the new Winthrop Center are adjacent, while the MBTA Blue Line is one mile away with direct service to Logan Airport and Boston.
The building sits on an oversized 10,000-square-foot lot with parking for two cars. The rear yard provides additional outdoor area that could accommodate expanded parking or landscaped use, subject to applicable approvals. Ingleside Park and the new Winthrop Center are adjacent, while the MBTA Blue Line is one mile away with direct service to Logan Airport and Boston.
Key Highlights
- Two‑unit duplex with 2,000 square feet of building area
- Oversized 10,000‑square‑foot lot with parking for 2 cars
- First‑floor unit has 2 bedrooms, 1 full bath, and a large rear deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,102
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,040
$762.0K
Cap Rate 7%
$544,314
$544.3K
Cap Rate 9%
$423,356
$423.4K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$57.6K $28.80/SF
− Vacancy
−$3.2K −$1.58/SF
EGI
$54.4K $27.22/SF
− OpEx
−$16.3K −$8.16/SF
NOI
$38.1K $19.05/SF
Area
Suffolk County, MA
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,040
Cap Rate 7%
$544,314
Cap Rate 9%
$423,356
Alternative Uses
Best Use
Multifamily LT 5
$544.3K
$476.3K – $635.0K
NOI $38,102 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$496.3K
$434.3K – $579.0K
NOI $34,742 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,879 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
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Business Placement
Demographics for 02152, MA
19,316
Population
8,467
Households
2.3
Avg Household Size
44
Median Age
43%
College-Educated
95%
High-School Grad
1.7 sq mi
ZIP Area
11,362
Density / Sq Mi
$106,357
Median Household Income
$68,062
Median Earnings
$1,909
Median Rent
$606,900
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct layouts, outdoor space, and a central setting near transit and community amenities.
Where is this duplex located?
The property is located at 120 Hermon St Winthrop, MA.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,000 square feet of building area; Oversized 10,000‑square‑foot lot with parking for 2 cars; First‑floor unit has 2 bedrooms, 1 full bath, and a large rear deck
