Fully Renovated 2-Family
28 Tolman Street Boston, MA 02122
28 Tolman Street, Boston, MA, 02122
$1,299,900
For Sale
$1,299,900
Turnkey 2-family duplex with bright open-concept units, private decks, central A/C, and in-unit washer/dryer.
Property Size2,900 SF
Price / SF$448.24
Days on Market118
Property Features for 28 Tolman Street
General Information
- Standard status
- Active
- Size
- 2,900 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1910
Listing agency
Shore Real Estate LLC
(617) 320-7177
Listed by
The Vici Group · License #9572945
(617) 320-7177
Source
Compass
Added: Mar 26 Updated: Jul 21 at 8:08AM Checked: Jul 21 at 8:08AM
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 Shore Real Estate LLC
Investment Insights
Based on property information with market context.
Fully renovated 2-family duplex with all major updates completed in 2023. Each unit features 3 bedrooms and 3 full bathrooms with bright, open-concept layouts, modern kitchens, and hardwood floors. Both units also include central A/C and heat, along with in-unit washer/dryer. Exterior amenities include private decks and 6+ off-street parking. The property is currently fully tenanted.
Located in a premier Neponset area, the home is minutes to UMass Boston and approximately 15 minutes to Downtown Boston. Access is described as convenient to public transportation, I-93, I-95, South Boston, and the Seaport, with nearby restaurants, shops, supermarkets, beaches, Garvey Park, PJP parks shops, and schools.
Photos reflect the home prior to tenant occupancy. The building offers a straightforward, income-oriented configuration with two similarly updated residential units.
Located in a premier Neponset area, the home is minutes to UMass Boston and approximately 15 minutes to Downtown Boston. Access is described as convenient to public transportation, I-93, I-95, South Boston, and the Seaport, with nearby restaurants, shops, supermarkets, beaches, Garvey Park, PJP parks shops, and schools.
Photos reflect the home prior to tenant occupancy. The building offers a straightforward, income-oriented configuration with two similarly updated residential units.
Key Highlights
- Fully renovated 2‑family duplex (2023) with open‑concept units, 3 bedrooms and 3 full baths per unit
- Hardwood flooring throughout, plus modern kitchens with appliances including range/oven, dishwasher, disposal, microwave, and refrigerator/freezer
- Central A/C and heat, and in‑unit washer/dryer in each unit
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 | $109.6k | $37.80 |
| − Vacancy | −$4.9k | −$1.70 |
| EGI | $104.7k | $36.10 |
| − OpEx | −$31.4k | −$10.83 |
| NOI | $73.3k | $25.27 |
2,900 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$916.0K – $1.22M
NOI $73,281 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$973.2K
$851.6K – $1.14M
NOI $68,127 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $152,006 @ 7.0% cap · market cap 11.69%
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 - Turnkey 2-family duplex with bright open-concept units, private decks, central A/C, and in-unit washer/dryer.
Where is this duplex located?
The property is located at 28 Tolman Street Boston, MA.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: Fully renovated 2‑family duplex (2023) with open‑concept units, 3 bedrooms and 3 full baths per unit; Hardwood flooring throughout, plus modern kitchens with appliances including range/oven, dishwasher, disposal, microwave, and refrigerator/freezer; Central A/C and heat, and in‑unit washer/dryer in each unit
