Two-Family Duplex With
For Sale
$1,800,000
25-27 Parsons Street, Boston, MA 02135
Large two-family duplex delivered vacant, with a spacious backyard and potential for increased density under proposed zoning changes.
Property Size5,410 SF
Price / SF$332.72
Days on Market61
Property Features for 25-27 Parsons Street
General Information
Standard status
Active
Size
5,410 SF
Property subtype
Multi-family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1920
Listing Agency:
Move Forward Real Estate
Listed By:
Greg Martin
(978) 922-3683
Source:
Jbarrettrealty
Added: May 31
Changed: Jul 21
Last Checked: Jul 30 at 5:33PM
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 Move Forward Real Estate
Investment Insights
Based on property information with market context.
This classic duplex-style two-family property is offered for sale as a large building with flexible holding options. The property may be maintained as two separate units, or renovated for updated residential income. It may also be suitable for redevelopment, and it can be delivered vacant for immediate occupancy, renovation, or redevelopment planning.
The property is located near Route 90 and major commuter routes, with access to MBTA commuter rail, Green Line service, and bus transportation. It is also close to Boston Landing and the New Balance headquarters, with nearby restaurants.
Public remarks indicate the property may support up to 6 market-rate units under proposed zoning changes expected in September, along with potential parking relief and increased density allowances for transit-oriented development. Buyers should perform their own due diligence. The spacious backyard may offer future parking potential.
The property is located near Route 90 and major commuter routes, with access to MBTA commuter rail, Green Line service, and bus transportation. It is also close to Boston Landing and the New Balance headquarters, with nearby restaurants.
Public remarks indicate the property may support up to 6 market-rate units under proposed zoning changes expected in September, along with potential parking relief and increased density allowances for transit-oriented development. Buyers should perform their own due diligence. The spacious backyard may offer future parking potential.
Key Highlights
- Duplex‑style two‑family property built in 1920, delivered vacant for immediate occupancy, renovation, or redevelopment.
- Large building offers flexibility as a two‑unit property for investors or owner‑occupants, with room to modernize.
- Proposed zoning changes expected in September may support up to 6 market‑rate units, with potential parking relief and increased density allowances for transit‑oriented development.
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 | $204.5k | $37.80 |
| − Vacancy | −$9.2k | −$1.70 |
| EGI | $195.3k | $36.10 |
| − OpEx | −$58.6k | −$10.83 |
| NOI | $136.7k | $25.27 |
5,410 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.95M
$1.71M – $2.28M
NOI $136,707 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$1.82M
$1.59M – $2.12M
NOI $127,092 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$4.05M
$3.54M – $4.73M
NOI $283,571 @ 7.0% cap · market cap 15.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,258
Businesses Nearby
Explore this area
Business Placement
Demographics for 02135, MA
47,232
Population
22,519
Households
2.1
Avg Household Size
29
Median Age
71%
College-Educated
93%
High-School Grad
2.6 sq mi
ZIP Area
18,166
Density / Sq Mi
$88,208
Median Household Income
$57,124
Median Earnings
$2,179
Median Rent
$684,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Large two-family duplex delivered vacant, with a spacious backyard and potential for increased density under proposed zoning changes.
Where is this duplex located?
The property is located at 25-27 Parsons 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: Duplex‑style two‑family property built in 1920, delivered vacant for immediate occupancy, renovation, or redevelopment.; Large building offers flexibility as a two‑unit property for investors or owner‑occupants, with room to modernize.; Proposed zoning changes expected in September may support up to 6 market‑rate units, with potential parking relief and increased density allowances for transit‑oriented development.
