Two-Family Residential
28-30 State Street Milton, MA 02186
28-30 State Street, Milton, MA, 02186
$895,000
For Sale
$895,000
Two-family home offering 6 bedrooms and 2.5 baths with original hardwood floors and period moldings retained.
Property Size2,753 SF
Price / SF$325.10
Days on Market99
Property Features for 28-30 State Street
General Information
- Standard status
- Active
- Size
- 2,753 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1891
Listing agency
Lamacchia Realty,Inc.
Listed by
Paul J. Cervone
(617) 236-0353
Source
Thecharlesrealty
Added: Apr 15 Updated: Jul 20 at 7:32PM Checked: Jul 21 at 7:06AM
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 Lamacchia Realty,Inc.
Investment Insights
Based on property information with market context.
This two-family residential building features 6 bedrooms and 2.5 bathrooms, arranged across two units with separate, distinct floor plans. The property has been thoughtfully preserved, showcasing original interior details such as hardwood floors and period moldings, along with retained finishes that reflect its historic character.
Located on the East Side of Milton, the home is positioned for convenient access to local amenities, parks, and commuter routes, with the surrounding area offering a strong sense of community.
For sale as a multi-generational-style two-family opportunity, the building combines classic craftsmanship with functional, separate living spaces within one preserved structure.
Located on the East Side of Milton, the home is positioned for convenient access to local amenities, parks, and commuter routes, with the surrounding area offering a strong sense of community.
For sale as a multi-generational-style two-family opportunity, the building combines classic craftsmanship with functional, separate living spaces within one preserved structure.
Key Highlights
- 1891‑built two‑family home featuring 6 bedrooms and 2.5 baths
- Original hardwood floors and period moldings retained throughout
- Each unit has its own distinct floor plan and separate living space
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 | $74.3k | $27.00 |
| − Vacancy | −$3.9k | −$1.41 |
| EGI | $70.5k | $25.59 |
| − OpEx | −$21.1k | −$7.68 |
| NOI | $49.3k | $17.91 |
2,753 SF · lease $27.00/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$704.5K
$616.5K – $821.9K
NOI $49,316 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$650.0K
$568.8K – $758.4K
NOI $45,502 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,084 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family home offering 6 bedrooms and 2.5 baths with original hardwood floors and period moldings retained.
Where is this duplex located?
The property is located at 28-30 State Street Milton, MA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 1891‑built two‑family home featuring 6 bedrooms and 2.5 baths; Original hardwood floors and period moldings retained throughout; Each unit has its own distinct floor plan and separate living space
