Two-Family Residential Income
1517 Centre Street Boston, MA 02132
1517 Centre Street, Boston, MA, 02132
$1,225,000
For Sale
$1,225,000
Two units, each with two bedrooms and one bathroom, separate entrances, private balconies, and in-unit appliances.
Property Size1,664 SF
Price / SF$736.18
Days on Market63
Property Features for 1517 Centre Street
General Information
- Standard status
- Active
- Size
- 1,664 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1950
Listing agency
Stone Brokerage, LLC
(617) 320-7111
Listed by
Ani Kadilli · License #9566732
(617) 320-7111
Source
Compass
Added: May 20 Updated: Jul 20 at 5:03PM Checked: Jul 21 at 8:20AM
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.
Bright two-family residential income property with two bedrooms and one bathroom per unit. Each unit features a separate entrance, refinished hardwood floors, and newly updated kitchen appliances including a refrigerator, stove, and dishwasher. The home is heated with gas and includes separate boilers for each unit. Residents also have private balconies, with shared convenience provided by washer and dryer located in the basement for each unit.
A large fenced-in backyard offers outdoor space for relaxation. The property is described as providing convenient access to the Longwood Medical Area, South Brookline, Jamaica Plain, and the Arboretum, and is close to Mass General/Brigham. The listing also notes a bus stop in front of the street.
Each unit has its own laundry equipment in the basement and dedicated exterior and entry access, supporting straightforward day-to-day living arrangements within a two-unit configuration.
A large fenced-in backyard offers outdoor space for relaxation. The property is described as providing convenient access to the Longwood Medical Area, South Brookline, Jamaica Plain, and the Arboretum, and is close to Mass General/Brigham. The listing also notes a bus stop in front of the street.
Each unit has its own laundry equipment in the basement and dedicated exterior and entry access, supporting straightforward day-to-day living arrangements within a two-unit configuration.
Key Highlights
- Two‑family home built in 1950 with 2 units, each offering 2 bedrooms and 1 bathroom
- Each unit has a separate entrance and private balcony
- Refinished hardwood floors throughout the units; wood and 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 - Two units, each with two bedrooms and one bathroom, separate entrances, private balconies, and in-unit appliances.
Where is this duplex located?
The property is located at 1517 Centre Street 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 2 units, each offering 2 bedrooms and 1 bathroom; Each unit has a separate entrance and private balcony; Refinished hardwood floors throughout the units; wood and laminate flooring
