Duplex Income
20-22 Highgate Street Boston, MA 02134
20-22 Highgate Street, Boston, MA, 02134
$2,649,000
For Sale
$2,649,000
Well-configured duplex with 16 bedrooms and 6 full bathrooms, including a unit leased beginning September 1, 2026.
Property Size5,010 SF
Price / SF$528.74
Days on Market50
Property Features for 20-22 Highgate Street
General Information
- Standard status
- Active
- Size
- 5,010 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Side by Side
Building Details
- Year Built
- 1885
Listing agency
Coldwell Banker Realty - Boston
(617) 242-0025
Listed by
Waypoint Realty Group
(617) 242-0025
Source
Compass
Added: Jun 2 Updated: Jul 21 at 7:58AM Checked: Jul 21 at 7:58AM
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 Coldwell Banker Realty - Boston
Investment Insights
Based on property information with market context.
This income-producing duplex property is configured with 16 bedrooms and 6 full bathrooms. The building is situated on an approximately 6,000 SF lot with roughly 7,500 SF of building area.
The property is located at 20–22 Highgate Street in Allston. Public remarks note surrounding redevelopment activity, including Harvard University’s Enterprise Research Campus, the Beacon Park Yard redevelopment, and major transportation improvements.
Unit 20 is currently leased for $10,400/month beginning September 1, 2026. The offering is presented as having a strong rental history with minimal vacancy and includes “immediate value-add potential,” as stated in the provided remarks.
The property is located at 20–22 Highgate Street in Allston. Public remarks note surrounding redevelopment activity, including Harvard University’s Enterprise Research Campus, the Beacon Park Yard redevelopment, and major transportation improvements.
Unit 20 is currently leased for $10,400/month beginning September 1, 2026. The offering is presented as having a strong rental history with minimal vacancy and includes “immediate value-add potential,” as stated in the provided remarks.
Key Highlights
- Well‑configured duplex with 16 bedrooms and 6 full bathrooms.
- Approximately 6,000 SF lot with roughly 7,500 SF of building area.
- Unit 20 leased for $10,400/month beginning September 1, 2026.
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 | $189.4k | $37.80 |
| − Vacancy | −$8.5k | −$1.70 |
| EGI | $180.9k | $36.10 |
| − OpEx | −$54.3k | −$10.83 |
| NOI | $126.6k | $25.27 |
5,010 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.81M
$1.58M – $2.11M
NOI $126,599 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$1.68M
$1.47M – $1.96M
NOI $117,695 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$3.75M
$3.28M – $4.38M
NOI $262,604 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-configured duplex with 16 bedrooms and 6 full bathrooms, including a unit leased beginning September 1, 2026.
Where is this duplex located?
The property is located at 20-22 Highgate Street Boston, MA.
What is the asking price?
The asking price for this property is $2,649,000.
What are key features of this property?
This property features: Well‑configured duplex with 16 bedrooms and 6 full bathrooms.; Approximately 6,000 SF lot with roughly 7,500 SF of building area.; Unit 20 leased for $10,400/month beginning September 1, 2026.
