Turnkey Two-Family with Roof
For Sale
$1,800,000
19 Walker Street, Boston, MA 02129
Two-family property with private outdoor decks for each unit, including a private roof deck.
Property Size2,224 SF
Price / SF$809.35
Days on Market103
Property Features for 19 Walker Street
General Information
Standard status
Active
Size
2,224 SF
Property subtype
Multi-family
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Year Built
1840
Listing Agency:
Compass
Listed By:
Aranson Maguire Group
(617) 206-3333
Source:
Highlandre
Added: May 27
Changed: Sep 4
Last Checked: Sep 5 at 9:04AM
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 Compass
Investment Insights
Based on property information with market context.
This turnkey two-family residence is configured as Unit 1 and Unit 2, each with its own private outdoor deck. Unit 1 is a one-bedroom layout with a private deck. Unit 2 spans a duplex arrangement with a main level connecting the kitchen, dining, and living areas, plus an upper level featuring three bedrooms and a renovated bath.
The property’s standout feature is a private roof deck offering 360-degree unobstructed views. The public remarks also note a proven short-term rental track record and a flexible layout.
Located at 19 Walker Street, Boston, the home is described as being on a quiet, sought-after street.
The property’s standout feature is a private roof deck offering 360-degree unobstructed views. The public remarks also note a proven short-term rental track record and a flexible layout.
Located at 19 Walker Street, Boston, the home is described as being on a quiet, sought-after street.
Key Highlights
- Two‑family property built in 1840 in Charlestown
- Unit 1 features a modern 1‑bedroom layout with a private deck
- Unit 2 is an updated duplex with historic character and a main level kitchen, dining, and living area flow
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
$56,199
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
3.12%
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%
$1,123,980
$1.1M
Cap Rate 7%
$802,843
$802.8K
Cap Rate 9%
$624,433
$624.4K
Market Conditions
NOI Build-Up for 2,224 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
$84.1K $37.80/SF
− Vacancy
−$3.8K −$1.70/SF
EGI
$80.3K $36.10/SF
− OpEx
−$24.1K −$10.83/SF
NOI
$56.2K $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%
$1,123,980
Cap Rate 7%
$802,843
Cap Rate 9%
$624,433
Alternative Uses
Best Use
Multifamily LT 5
$802.8K
$702.5K – $936.7K
NOI $56,199 @ 7.0% cap · market cap 3.12%
Second Best
Apartment 5plus
$746.4K
$653.1K – $870.8K
NOI $52,246 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$1.67M
$1.46M – $1.94M
NOI $116,573 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,635
Businesses Nearby
Explore this area
Business Placement
Demographics for 02129, MA
19,120
Population
9,987
Households
1.9
Avg Household Size
36
Median Age
71%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
13,657
Density / Sq Mi
$157,192
Median Household Income
$101,310
Median Earnings
$2,258
Median Rent
$926,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with private outdoor decks for each unit, including a private roof deck.
Where is this duplex located?
The property is located at 19 Walker Street Boston, MA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Two‑family property built in 1840 in Charlestown; Unit 1 features a modern 1‑bedroom layout with a private deck; Unit 2 is an updated duplex with historic character and a main level kitchen, dining, and living area flow
