Renovated Duplex with In-Unit
24 Chester Street Boston, MA 02134
24 Chester Street, Boston, MA, 02134
$1,800,000
For Sale
$1,800,000
Completely renovated duplex with hardwood floors, central air, granite kitchens, stainless appliances, and in-unit laundry.
Property Size4,086 SF
Price / SF$440.53
Days on Market161
Property Features for 24 Chester Street
General Information
- Standard status
- Active
- Size
- 4,086 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Nuage Real Estate Group
Listed by
Christie Xie
(978) 808-8064
Source
Merryfoxrealty
Added: Feb 10 Updated: Jul 21 at 3:46AM Checked: Jul 21 at 3:46AM
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 Nuage Real Estate Group
Investment Insights
Based on property information with market context.
This completely renovated duplex was updated in 2006 and features hardwood floors throughout, along with central air for heating and cooling. Each unit includes in-unit laundry and a granite countertop kitchen with stainless steel appliances. The property has maintained 100% occupancy over the years, with the current lease ending 8/31/26 and new rents beginning 9/1/26 through 8/31/27.
Off-street parking is available in the back parking lot. The property is described as being minutes to the Harvard Ave MBTA and close to the cafes, bars, and restaurants along Harvard Ave, with convenient access to students of Boston University and Boston College.
The offering also notes potential value-add through a possible 3-unit conversion by dividing unit 1 into two units, along with the possibility of enclosing the garage and finishing the attic for additional living area. An adjacent property at 16-22 Reedsdale St in Allston, MA is also listed for sale, with the option to be purchased as a package.
Off-street parking is available in the back parking lot. The property is described as being minutes to the Harvard Ave MBTA and close to the cafes, bars, and restaurants along Harvard Ave, with convenient access to students of Boston University and Boston College.
The offering also notes potential value-add through a possible 3-unit conversion by dividing unit 1 into two units, along with the possibility of enclosing the garage and finishing the attic for additional living area. An adjacent property at 16-22 Reedsdale St in Allston, MA is also listed for sale, with the option to be purchased as a package.
Key Highlights
- Completely renovated duplex (year built 1900) with all hardwood floors, central A/C, and in‑unit laundry in both units
- Granite countertop kitchens with stainless steel appliances in both units
- 100% occupancy history; current lease ends 8/31/26
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 | $154.5k | $37.80 |
| − Vacancy | −$7.0k | −$1.70 |
| EGI | $147.5k | $36.10 |
| − OpEx | −$44.3k | −$10.83 |
| NOI | $103.3k | $25.27 |
4,086 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.47M
$1.29M – $1.72M
NOI $103,250 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$1.37M
$1.20M – $1.60M
NOI $95,988 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$3.06M
$2.68M – $3.57M
NOI $214,172 @ 7.0% cap · market cap 11.90%
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 - Completely renovated duplex with hardwood floors, central air, granite kitchens, stainless appliances, and in-unit laundry.
Where is this duplex located?
The property is located at 24 Chester 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: Completely renovated duplex (year built 1900) with all hardwood floors, central A/C, and in‑unit laundry in both units; Granite countertop kitchens with stainless steel appliances in both units; 100% occupancy history; current lease ends 8/31/26
