Two-Unit Residential Income
391 Poplar St Boston, MA 02131
New
391 Poplar St, Boston, MA, 02131
$960,000
For Sale
$960,000
Two two-bedroom units plus a finished basement with two additional bedrooms, full bath, and walk-up attic.
Property Size2,080 SF
Price / SF$461.54
Days on Market4
Property Features for 391 Poplar St
General Information
- Standard status
- Active
- Size
- 2,080 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1920
Listing agency
DOSU Realty LLC
(617) 792-1662
Listed by
Johnson Folorunso
(617) 792-1662
Source
Athomeboston
Added: Jul 19 Updated: Jul 20 at 2:39AM Checked: Jul 20 at 2:39AM
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 DOSU Realty LLC
Investment Insights
Based on property information with market context.
This versatile two-unit residential income property features a first-floor unit with two bedrooms and a second-floor unit with two bedrooms. Both units include fresh paint, hardwood floors, and kitchens equipped with brand-new appliances, along with private balconies for natural light.
The home offers additional usable space through a fully finished basement with two more bedrooms and a full bathroom with a standing shower. A walk-up attic adds further flexibility.
Outside, the property includes a backyard and off-street parking, and it is set in a quiet neighborhood with easy access to local schools, shopping, public transportation, and major highways. Sold as-is.
The home offers additional usable space through a fully finished basement with two more bedrooms and a full bathroom with a standing shower. A walk-up attic adds further flexibility.
Outside, the property includes a backyard and off-street parking, and it is set in a quiet neighborhood with easy access to local schools, shopping, public transportation, and major highways. Sold as-is.
Key Highlights
- Year built 1920 multi‑family with two 2‑bedroom units (first and second floor)
- Both units have fresh paint, hardwood floors, and kitchens with brand‑new appliances
- Each unit includes a private balcony for natural light
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 | $78.6k | $37.80 |
| − Vacancy | −$3.5k | −$1.70 |
| EGI | $75.1k | $36.10 |
| − OpEx | −$22.5k | −$10.83 |
| NOI | $52.6k | $25.27 |
2,080 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$750.9K
$657.0K – $876.0K
NOI $52,560 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$698.0K
$610.8K – $814.4K
NOI $48,863 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,025 @ 7.0% cap · market cap 11.36%
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 - Two two-bedroom units plus a finished basement with two additional bedrooms, full bath, and walk-up attic.
Where is this duplex located?
The property is located at 391 Poplar St Boston, MA.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: Year built 1920 multi‑family with two 2‑bedroom units (first and second floor); Both units have fresh paint, hardwood floors, and kitchens with brand‑new appliances; Each unit includes a private balcony for natural light
