Turnkey Two-Family
For Sale
$2,700,000
20-22 Ashford St, Boston, MA 02134
Side-by-side two-family with renovated units and a recently replaced roof for straightforward rental operations.
Property Size4,156 SF
Price / SF$649.66
Days on Market148
Property Features for 20-22 Ashford St
General Information
Standard status
Active
Size
4,156 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Zoning
R2
Net Operating Income
$192,000
Site & Location
Neighborhood
Allston
Additional Details
Business Included
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$22,398
Building Details
Building Size
4,156 SF
Year Built
1900
Stories
6
Listing Agency:
EDGE Realty Advisors
(617) 477-0601
Listed By:
Josh Bryan
(617) 459-8902
Source:
Churchillprop
Added: Jun 4
Changed: Oct 25
Last Checked: Oct 28 at 6:27AM
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 EDGE Realty Advisors
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Investment Insights
Based on property information with market context.
This side-by-side two-family duplex is offered as a turnkey property with major improvements already completed. A new roof was installed in 2022. Unit 22 received extensive renovations in 2023, including a new kitchen, bathrooms, bedrooms, and luxury vinyl flooring throughout. Unit 20 underwent similar updates in 2025, with new kitchen and bathroom finishes, updated bedrooms, and luxury vinyl flooring throughout.
Located in Allston at 20–22 Ashford St, the property is just steps from Boston University. Reported mobility scores include a BikeScore of 94 (Biker’s Paradise), a WalkScore of 80 (Very Walkable), and a TransitScore of 58 (Good Transit), which can support tenant accessibility.
For investors or operators looking for a larger residential income asset in a university-adjacent setting, this duplex provides modernized interiors across both units and a stable rental history supported in the marketing materials by $192,000 in annual gross rent. With the primary capital work completed and consistent renovation timelines across the two units, the property is positioned for relatively low near-term physical execution risk compared with a non-updated offering.
Located in Allston at 20–22 Ashford St, the property is just steps from Boston University. Reported mobility scores include a BikeScore of 94 (Biker’s Paradise), a WalkScore of 80 (Very Walkable), and a TransitScore of 58 (Good Transit), which can support tenant accessibility.
For investors or operators looking for a larger residential income asset in a university-adjacent setting, this duplex provides modernized interiors across both units and a stable rental history supported in the marketing materials by $192,000 in annual gross rent. With the primary capital work completed and consistent renovation timelines across the two units, the property is positioned for relatively low near-term physical execution risk compared with a non-updated offering.
Key Highlights
- Side‑by‑side two‑family on Ashford Street in Allston, steps from Boston University
- Stable rental history with $192,000 annual gross rent
- New roof completed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,019
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,100,380
$2.1M
Cap Rate 7%
$1,500,271
$1.5M
Cap Rate 9%
$1,166,878
$1.2M
Market Conditions
NOI Build-Up for 4,156 SF
Gross rent
$157.1K $37.80/SF
− Vacancy
−$7.1K −$1.70/SF
EGI
$150.0K $36.10/SF
− OpEx
−$45.0K −$10.83/SF
NOI
$105.0K $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%
$2,100,380
Cap Rate 7%
$1,500,271
Cap Rate 9%
$1,166,878
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,019 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$1.39M
$1.22M – $1.63M
NOI $97,633 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$3.11M
$2.72M – $3.63M
NOI $217,841 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,539
Businesses Nearby
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Business Placement
Demographics for 02134, MA
21,707
Population
9,027
Households
2.4
Avg Household Size
27
Median Age
76%
College-Educated
96%
High-School Grad
1.2 sq mi
ZIP Area
18,089
Density / Sq Mi
$75,317
Median Household Income
$49,275
Median Earnings
$2,269
Median Rent
$586,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side two-family with renovated units and a recently replaced roof for straightforward rental operations.
Where is this duplex located?
The property is located at 20-22 Ashford St Boston, MA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Side‑by‑side two‑family on Ashford Street in Allston, steps from Boston University; Stable rental history with $192,000 annual gross rent; New roof completed in 2022
