Renovated Two-Unit
19 Harrison St, Boston, MA 02131
For Sale
$925,000
Two independently configured residences offer renovated interiors, central air conditioning, and month-to-month occupancy.
Property Size2,149 SF
Price / SF$430.43
Days on Market95
Property Features for 19 Harrison St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Net Operating Income
Financials
Gross Income
Average Monthly Rent
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
central air conditioning
Building Details
Building Size
Year Built
Stories
Tenancy
Listing Agency:
LAER Realty Partners
Listed By:
Jonathan Evans
(978) 595-7537
Source:
Laerrealty
Added: Aug 8
Changed: Nov 7
Last Checked: Nov 8 at 3:13AM
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 LAER Realty Partners
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Investment Insights
Based on property information with market context.
Built in 1909, this duplex contains two separately configured residences created from a former single condominium. The first residence has three bedrooms and two bathrooms, while the second includes two bedrooms and one bathroom. Both units have undergone extensive renovation and include central air conditioning.
The property is occupied by month-to-month tenants and is located at 19 Harrison St in Boston, Massachusetts. The condominium conversion is substantially complete, with the permitting process described as unfinished in the available property information.
The property is occupied by month-to-month tenants and is located at 19 Harrison St in Boston, Massachusetts. The condominium conversion is substantially complete, with the permitting process described as unfinished in the available property information.
Key Highlights
- Two‑unit duplex configuration created from a former single condominium
- Unit mix includes one 3‑bedroom, 2‑bath residence and one 2‑bedroom, 1‑bath residence
- Extensively renovated interiors with modern finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,304
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,086,080
$1.1M
Cap Rate 7%
$775,771
$775.8K
Cap Rate 9%
$603,378
$603.4K
Market Conditions
NOI Build-Up for 2,149 SF
Gross rent
$81.2K $37.80/SF
− Vacancy
−$3.7K −$1.70/SF
EGI
$77.6K $36.10/SF
− OpEx
−$23.3K −$10.83/SF
NOI
$54.3K $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 Rate 5%
$1,086,080
Cap Rate 7%
$775,771
Cap Rate 9%
$603,378
Alternative Uses
Best Use
Multifamily LT 5
$775.8K
$678.8K – $905.1K
NOI $54,304 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$721.2K
$631.1K – $841.4K
NOI $50,484 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,642 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,151
Businesses Nearby
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Business Placement
Demographics for 02131, MA
30,544
Population
13,264
Households
2.3
Avg Household Size
39
Median Age
52%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
10,909
Density / Sq Mi
$109,237
Median Household Income
$65,268
Median Earnings
$1,999
Median Rent
$634,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Boston, MA
Properties on Market for Duplexes in Boston
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two independently configured residences offer renovated interiors, central air conditioning, and month-to-month occupancy.
Where is this duplex located?
The property is located at 19 Harrison St Boston, MA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Two‑unit duplex configuration created from a former single condominium; Unit mix includes one 3‑bedroom, 2‑bath residence and one 2‑bedroom, 1‑bath residence; Extensively renovated interiors with modern finishes
