Two-Unit Multifamily with Finished
196-196a Hamilton Street Boston, MA 02122
196-196a Hamilton Street, Boston, MA, 02122
$1,119,000
For Sale
$1,119,000
Two-unit property is fully vacant, offering direct basement access and a bi-level top-floor layout.
Property Size4,167 SF
Price / SF$268.54
Days on Market32
Property Features for 196-196a Hamilton Street
General Information
- Standard status
- Active
- Size
- 4,167 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1915
Listing agency
MIG
Listed by
Nichols Realty Team
(617) 420-9033
Source
Sredboston
Added: Jun 21 Updated: Jul 21 at 3:26PM Checked: Jul 22 at 6:55AM
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 MIG
Investment Insights
Based on property information with market context.
This 2-family multifamily property is offered for sale and is delivered 100% vacant. Unit 1 features hardwood floors, formal living and dining rooms, a modern kitchen with stainless steel appliances, and direct access to a fully finished basement. The basement includes a variety of rooms, including a wet bar with a wine closet and a full bathroom. Unit 2 is a bi-level arrangement spanning the top two floors, with plenty of rooms and flexible living space, a private balcony, and a dedicated office area.
The property includes outdoor space in the back with a garden for growing fresh vegetables. The listing notes no showings until the scheduled open house on Saturday 6/27 and Sunday 6/28 from 12pm–2pm, and that 24-hour notification is required for all access.
Configured as two separate units, the building provides finished interior space on both lower and upper levels, with direct basement access for Unit 1 and a balcony plus office space for Unit 2.
The property includes outdoor space in the back with a garden for growing fresh vegetables. The listing notes no showings until the scheduled open house on Saturday 6/27 and Sunday 6/28 from 12pm–2pm, and that 24-hour notification is required for all access.
Configured as two separate units, the building provides finished interior space on both lower and upper levels, with direct basement access for Unit 1 and a balcony plus office space for Unit 2.
Key Highlights
- 2‑family property built in 1915 with 2 separate units, delivered 100% vacant
- Unit 1 includes hardwood floors, formal living/dining rooms, modern kitchen with stainless steel appliances, and direct access to a fully finished basement
- Finished basement for Unit 1 includes multiple rooms, plus a wet bar with wine closet and a full bathroom
Local Financial Insights For Apartment 5plus
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 | $185.0k | $44.40 |
| − Vacancy | −$7.0k | −$1.69 |
| EGI | $178.0k | $42.71 |
| − OpEx | −$80.1k | −$19.22 |
| NOI | $97.9k | $23.49 |
4,167 SF · lease $44.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.32M – $1.75M
NOI $105,297 @ 7.0% cap · market cap 9.41%
Second Best
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,891 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$3.12M
$2.73M – $3.64M
NOI $218,417 @ 7.0% cap · market cap 19.52%
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-unit property is fully vacant, offering direct basement access and a bi-level top-floor layout.
Where is this duplex located?
The property is located at 196-196a Hamilton Street Boston, MA.
What is the asking price?
The asking price for this property is $1,119,000.
What are key features of this property?
This property features: 2‑family property built in 1915 with 2 separate units, delivered 100% vacant; Unit 1 includes hardwood floors, formal living/dining rooms, modern kitchen with stainless steel appliances, and direct access to a fully finished basement; Finished basement for Unit 1 includes multiple rooms, plus a wet bar with wine closet and a full bathroom
