Two-Family Residential Income
For Sale
$1,225,000
102 Radcliffe St, Boston, MA 02121
Newly remodeled two-unit home with first-floor 3-bedroom layout and second-floor 6-bedroom townhouse-style layout.
Property Size4,186 SF
Days on Market38
Property Features for 102 Radcliffe St
General Information
Standard status
Active
Size
4,186 SF
Property subtype
Multifamily
Taxes and HOA fees
Annual Taxes
$6,983
Building Details
Building Size
4,186 SF
Year Built
1895
Listing Agency:
CM Realty Associates
(857) 445-3917
Listed By:
Jeffrey Jacques
Source:
Classifiedrealtygroup
Added: Jul 14
Changed: Aug 12
Last Checked: Aug 20 at 3:57AM
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 CM Realty Associates
Investment Insights
Based on property information with market context.
This newly remodeled two-family home offers two separate apartment layouts within a single residence. The first-floor unit features a living and dining room with a built-in fireplace, an updated kitchen with pantry, a full bathroom, and three bedrooms.
The second-floor unit is configured as a larger, townhouse-style layout with an additional three bedrooms and a full bath, totaling six bedrooms on the upper level. The property is located on a quiet side street in Boston, with access to major nearby shopping and public transportation.
The second-floor unit is configured as a larger, townhouse-style layout with an additional three bedrooms and a full bath, totaling six bedrooms on the upper level. The property is located on a quiet side street in Boston, with access to major nearby shopping and public transportation.
Key Highlights
- Built in 1895, this newly remodeled 2‑family home offers two separate apartments.
- First‑floor unit features 3 bedrooms with an updated kitchen, full bathroom, and living/dining room with built‑in fireplace.
- Second‑floor unit offers 6 bedrooms plus a full bathroom, designed in a townhouse‑style layout.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$105,777
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,115,540
$2.1M
Cap Rate 7%
$1,511,100
$1.5M
Cap Rate 9%
$1,175,300
$1.2M
Market Conditions
NOI Build-Up for 4,186 SF
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.
Gross rent
$158.2K $37.80/SF
− Vacancy
−$7.1K −$1.70/SF
EGI
$151.1K $36.10/SF
− OpEx
−$45.3K −$10.83/SF
NOI
$105.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,115,540
Cap Rate 7%
$1,511,100
Cap Rate 9%
$1,175,300
Alternative Uses
Best Use
Multifamily LT 5
$1.51M
$1.32M – $1.76M
NOI $105,777 @ 7.0% cap · market cap 8.63%
Second Best
Apartment 5plus
$1.40M
$1.23M – $1.64M
NOI $98,338 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$3.13M
$2.74M – $3.66M
NOI $219,413 @ 7.0% cap · market cap 17.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,523
Businesses Nearby
Explore this area
Business Placement
Demographics for 02121, MA
28,766
Population
11,384
Households
2.5
Avg Household Size
33
Median Age
21%
College-Educated
75%
High-School Grad
1.9 sq mi
ZIP Area
15,140
Density / Sq Mi
$38,565
Median Household Income
$33,700
Median Earnings
$1,316
Median Rent
$548,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Newly remodeled two-unit home with first-floor 3-bedroom layout and second-floor 6-bedroom townhouse-style layout.
Where is this duplex located?
The property is located at 102 Radcliffe St Boston, MA.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Built in 1895, this newly remodeled 2‑family home offers two separate apartments.; First‑floor unit features 3 bedrooms with an updated kitchen, full bathroom, and living/dining room with built‑in fireplace.; Second‑floor unit offers 6 bedrooms plus a full bathroom, designed in a townhouse‑style layout.
