2-Unit Duplex with
For Sale
$889,000
2501 Centre Street, Boston, MA 02132
The first-floor residence pairs updated kitchen finishes with hardwood flooring and outdoor deck access.
Property Size2,472 SF
Price / SF$359.63
Days on Market9
Property Features for 2501 Centre Street
General Information
Standard status
Active
Size
2,472 SF
Total Parking Spaces
1
Property subtype
Multi-family
Lease Term
[]
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
laundry in basement
deck
Building Details
Year Built
1925
Buildings
1
Listing Agency:
Coldwell Banker Realty - Easton
Listed By:
Linda Tucker
(617) 262-6200
Source:
Cabotandcompany
Added: Sep 25
Changed: Oct 1
Last Checked: Oct 3 at 1:33AM
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 - Easton
Investment Insights
Based on property information with market context.
Built in 1925, this 2,472-square-foot duplex contains two mirror-image units, each with a home office or bonus room, a rear deck and access to a one-car garage. The first-floor residence has been updated with granite kitchen countertops, a new sink and a sliding glass door opening to its deck. Hardwood floors with mahogany inlay, large windows and freshly painted interiors are among its other features. The exterior has also been freshly painted. Laundry is located in the basement; the second-floor unit may benefit from future updating.
The property is at 2501 Centre Street in Boston’s West Roxbury area, minutes from shopping, restaurants, major highways and public transportation.
The property is at 2501 Centre Street in Boston’s West Roxbury area, minutes from shopping, restaurants, major highways and public transportation.
Key Highlights
- Two‑unit duplex with 2,472 square feet
- Built in 1925
- Each unit includes a home office or bonus room and a rear deck
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,466
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,249,320
$1.2M
Cap Rate 7%
$892,371
$892.4K
Cap Rate 9%
$694,067
$694.1K
Market Conditions
NOI Build-Up for 2,472 SF
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.
Gross rent
$93.4K $37.80/SF
− Vacancy
−$4.2K −$1.70/SF
EGI
$89.2K $36.10/SF
− OpEx
−$26.8K −$10.83/SF
NOI
$62.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,249,320
Cap Rate 7%
$892,371
Cap Rate 9%
$694,067
Alternative Uses
Best Use
Multifamily LT 5
$892.4K
$780.8K – $1.04M
NOI $62,466 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$829.6K
$725.9K – $967.9K
NOI $58,072 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,572 @ 7.0% cap · market cap 14.58%
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
1,768
Businesses Nearby
Explore this area
Business Placement
Demographics for 02132, MA
27,111
Population
11,967
Households
2.3
Avg Household Size
44
Median Age
64%
College-Educated
95%
High-School Grad
4.9 sq mi
ZIP Area
5,533
Density / Sq Mi
$139,545
Median Household Income
$75,760
Median Earnings
$2,140
Median Rent
$714,000
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 - The first-floor residence pairs updated kitchen finishes with hardwood flooring and outdoor deck access.
Where is this duplex located?
The property is located at 2501 Centre Street Boston, MA.
What is the asking price?
The asking price for this property is $889,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,472 square feet; Built in 1925; Each unit includes a home office or bonus room and a rear deck
