Duplex with Updated Building
For Sale
$1,199,900
27 Houghton St, Boston, MA 02122
Two separate residences offer varied layouts, in-unit laundry, and central air conditioning on the first floor.
Property Size2,639 SF
Days on Market78
Property Features for 27 Houghton St
General Information
Standard status
Active
Size
2,639 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$11,459
Amenities
hardwood flooring
in-unit laundry
central AC
partially finished basement
Building Details
Building Size
2,639 SF
Year Built
1905
Tenancy
Multi
Listing Agency:
Keller Williams Realty
Listed By:
Christine Do · License #449518378
(617) 593-2887
Source:
Bostonluxurysuburbs
Added: Aug 4
Changed: Oct 19
Last Checked: Oct 19 at 12:05PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
Built in 1905, this duplex contains two residences. The first-floor apartment has five rooms, two to three bedrooms, and one full bathroom. Above it, a two-level unit provides seven rooms, five bedrooms, and two full bathrooms. Both units have in-unit laundry. Building improvements include Hardie Board exterior siding, replacement windows, an updated roof and plumbing, tankless water heaters, and two newer HVAC systems; central AC serves the first-floor apartment.
A partially finished basement adds 616 square feet of storage or workspace. The property also has a low-maintenance yard and rear off-street parking for multiple cars. Restaurants, stores, McMorrow Playground, UMASS Boston, Castle Island, and highway access are nearby.
A partially finished basement adds 616 square feet of storage or workspace. The property also has a low-maintenance yard and rear off-street parking for multiple cars. Restaurants, stores, McMorrow Playground, UMASS Boston, Castle Island, and highway access are nearby.
Key Highlights
- Two apartments: a five‑room first‑floor unit and a seven‑room bi‑level residence
- First floor has 2–3 bedrooms and 1 full bathroom; upper unit has 5 bedrooms and 2 full bathrooms
- Partially finished basement adds 616sf for storage or workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,686
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,333,720
$1.3M
Cap Rate 7%
$952,657
$952.7K
Cap Rate 9%
$740,956
$741.0K
Market Conditions
NOI Build-Up for 2,639 SF
Gross rent
$99.8K $37.80/SF
− Vacancy
−$4.5K −$1.70/SF
EGI
$95.3K $36.10/SF
− OpEx
−$28.6K −$10.83/SF
NOI
$66.7K $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%
$1,333,720
Cap Rate 7%
$952,657
Cap Rate 9%
$740,956
Alternative Uses
Best Use
Multifamily LT 5
$952.7K
$833.6K – $1.11M
NOI $66,686 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$885.6K
$774.9K – $1.03M
NOI $61,995 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,326 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,419
Businesses Nearby
Explore this area
Business Placement
Demographics for 02122, MA
24,385
Population
10,039
Households
2.4
Avg Household Size
35
Median Age
38%
College-Educated
81%
High-School Grad
1.7 sq mi
ZIP Area
14,344
Density / Sq Mi
$82,945
Median Household Income
$53,897
Median Earnings
$2,052
Median Rent
$656,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer varied layouts, in-unit laundry, and central air conditioning on the first floor.
Where is this duplex located?
The property is located at 27 Houghton St Boston, MA.
What is the asking price?
The asking price for this property is $1,199,900.
What are key features of this property?
This property features: Two apartments: a five‑room first‑floor unit and a seven‑room bi‑level residence; First floor has 2–3 bedrooms and 1 full bathroom; upper unit has 5 bedrooms and 2 full bathrooms; Partially finished basement adds 616sf for storage or workspace
