Two-Unit Duplex with Rear
New
For Sale
$889,000
2501 Centre St, Boston, MA 02132
An updated first-floor apartment pairs hardwood detailing with a granite-counter kitchen and access to a rear deck.
Property Size2,472 SF
Price / SF$359.63
Days on Market4
Property Features for 2501 Centre St
General Information
Standard status
Active
Size
2,472 SF
Property subtype
Multi-Family
Building Details
Year Built
1925
Listing Agency:
Coldwell Banker Realty - Easton
Listed By:
Linda Tucker · License #9033312
(508) 562-7743
Source:
Amyliptonrealestate
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 2 at 11:33PM
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 Coldwell Banker Realty - Easton
Investment Insights
Based on property information with market context.
This 2,472-square-foot duplex, built in 1925, contains two mirror-image apartments. Each includes a home office or bonus room and a rear deck. The first-floor apartment has been updated with a kitchen featuring granite countertops, a new sink and a sliding glass door to the deck. Hardwood floors with mahogany inlay, large windows and freshly painted interiors add detail to the living space. The exterior has also been freshly painted. A one-car garage and basement laundry serve the property, which is zoned R2.
The property is at 2501 Centre St in Boston’s West Roxbury area, minutes from shopping, restaurants, major highways and public transportation. The second-floor apartment offers a separate unit within the duplex.
The property is at 2501 Centre St in Boston’s West Roxbury area, minutes from shopping, restaurants, major highways and public transportation. The second-floor apartment offers a separate unit within the duplex.
Key Highlights
- 2,472‑square‑foot duplex built in 1925
- Two mirror‑image apartments, each with a home office or bonus room and a rear deck
- Updated first‑floor kitchen with granite countertops, new sink and sliding glass door
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
$62,466
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
7.03%
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%
$1,249,320
$1.2M
Cap Rate 7%
$892,371
$892.4K
Cap Rate 9%
$694,067
$694.1K
Market Conditions
NOI Build-Up for 2,472 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
$93.4K $37.80/SF
− Vacancy
−$4.2K −$1.70/SF
EGI
$89.2K $36.10/SF
− OpEx
−$26.8K −$10.83/SF
NOI
$62.5K $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%
$1,249,320
Cap Rate 7%
$892,371
Cap Rate 9%
$694,067
Alternative Uses
Best Use
Multifamily LT 5
$892.4K
$780.8K – $1.04M
NOI $62,466 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$829.6K
$725.9K – $967.9K
NOI $58,072 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,572 @ 7.0% cap · market cap 14.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
Explore this area
Business Placement
Demographics for 02132, MA
27,111
Population
11,967
Households
2.3
Avg Household Size
44
Median Age
64%
College-Educated
95%
High-School Grad
4.9 sq mi
ZIP Area
5,533
Density / Sq Mi
$139,545
Median Household Income
$75,760
Median Earnings
$2,140
Median Rent
$714,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - An updated first-floor apartment pairs hardwood detailing with a granite-counter kitchen and access to a rear deck.
Where is this duplex located?
The property is located at 2501 Centre St Boston, MA.
What is the asking price?
The asking price for this property is $889,000.
What are key features of this property?
This property features: 2,472‑square‑foot duplex built in 1925; Two mirror‑image apartments, each with a home office or bonus room and a rear deck; Updated first‑floor kitchen with granite countertops, new sink and sliding glass door
