Two-Family Residential Income
1517 Centre St Boston, MA 02132
1517 Centre St, Boston, MA, 02132
$1,225,000
For Sale
$1,225,000
Bright two-family home with separate entrances, two bedrooms per unit, and private balconies, plus shared basement laundry.
Property Size1,664 SF
Price / SF$736.18
Days on Market65
Property Features for 1517 Centre St
General Information
- Standard status
- Active
- Size
- 1,664 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1950
Listing agency
Stone Brokerage, LLC
(617) 320-7111
Listed by
Ani Kadilli · License #9566732
Source
Reishomesearch
Added: May 19 Updated: Jul 22 at 12:26PM Checked: Jul 22 at 12:26PM
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 Stone Brokerage, LLC
Investment Insights
Based on property information with market context.
This bright two-family duplex offers two bedrooms and one bathroom in each unit. Both units have separate entrances and refinished hardwood floors, along with updated kitchen appliances including a new refrigerator, new stove, and new dishwasher. Heating is gas-fired with separate boilers for each unit. Exterior amenities include a private balcony for each unit and a large fenced backyard.
Laundry is located in the basement, with a washer and dryer provided for each unit. The property is located at 1517 Centre St and offers convenient access to the Longwood Medical Area, South Brookline, Jamaica Plain, and the Arboretum, with Mass General/Brigham hospital nearby. West Roxbury/Roslindale village shopping and restaurants are within walking distance, and a bus stop is in front of the street.
Overall, the layout supports independent occupancy with dedicated entries, separate mechanical systems, and in-unit kitchen and laundry updates within each unit.
Laundry is located in the basement, with a washer and dryer provided for each unit. The property is located at 1517 Centre St and offers convenient access to the Longwood Medical Area, South Brookline, Jamaica Plain, and the Arboretum, with Mass General/Brigham hospital nearby. West Roxbury/Roslindale village shopping and restaurants are within walking distance, and a bus stop is in front of the street.
Overall, the layout supports independent occupancy with dedicated entries, separate mechanical systems, and in-unit kitchen and laundry updates within each unit.
Key Highlights
- Two‑family home built in 1950 with each unit offering 2 bedrooms and 1 bathroom
- Each unit has a separate entrance and a private balcony
- Refinished hardwood floors plus laminate flooring
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 | $62.9k | $37.80 |
| − Vacancy | −$2.8k | −$1.70 |
| EGI | $60.1k | $36.10 |
| − OpEx | −$18.0k | −$10.83 |
| NOI | $42.0k | $25.27 |
1,664 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$600.7K
$525.6K – $700.8K
NOI $42,048 @ 7.0% cap · market cap 3.43%
Second Best
Apartment 5plus
$558.4K
$488.6K – $651.5K
NOI $39,091 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$1.25M
$1.09M – $1.45M
NOI $87,220 @ 7.0% cap · market cap 7.12%
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 - Bright two-family home with separate entrances, two bedrooms per unit, and private balconies, plus shared basement laundry.
Where is this duplex located?
The property is located at 1517 Centre 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: Two‑family home built in 1950 with each unit offering 2 bedrooms and 1 bathroom; Each unit has a separate entrance and a private balcony; Refinished hardwood floors plus laminate flooring
