Renovated Turnkey Two-Family
3 Walley Street Boston, MA 02128
3 Walley Street, Boston, MA, 02128
$1,150,000
For Sale
$1,150,000
Gut-renovated in 2021 and offered turnkey as two renovated 2-bed duplex apartments with in-unit laundry and central HVAC.
Property Size2,556 SF
Price / SF$449.92
Days on Market235
Property Features for 3 Walley Street
General Information
- Standard status
- Active
- Size
- 2,556 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
Carlton's Wharf & Co.
Listed by
Jorge Rodriguez
(781) 545-3155
Source
Grandgables
Added: Nov 30, 2025 Updated: Jul 20 at 9:44PM Checked: Jul 21 at 7:42AM
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 Carlton's Wharf & Co.
Investment Insights
Based on property information with market context.
This renovated, turnkey two-family property was gut renovated in 2021 and is configured as two 2-bedroom, 1.5-bath duplex apartments. Each unit features modern kitchens and baths, hardwood floors, and an open dining/living room layout, along with laundry in-unit and private outdoor space. Central HVAC supports year-round comfort.
The property is located in East Boston’s Orient Heights neighborhood, approximately 0.1 miles from the Suffolk Downs MBTA station on the Blue Line, providing direct access to Downtown Boston. The area also offers easy access toward Winthrop, Revere, and the North Shore.
As presented, the asset is income-focused with a straightforward duplex layout and recent interior renovations.
The property is located in East Boston’s Orient Heights neighborhood, approximately 0.1 miles from the Suffolk Downs MBTA station on the Blue Line, providing direct access to Downtown Boston. The area also offers easy access toward Winthrop, Revere, and the North Shore.
As presented, the asset is income-focused with a straightforward duplex layout and recent interior renovations.
Key Highlights
- Gut‑renovated in 2021 2‑family built in 1910
- Two duplex units, each with 2 beds and 1.5 baths
- Central HVAC and hardwood floors throughout
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 | $96.6k | $37.80 |
| − Vacancy | −$4.3k | −$1.70 |
| EGI | $92.3k | $36.10 |
| − OpEx | −$27.7k | −$10.83 |
| NOI | $64.6k | $25.27 |
2,556 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$922.7K
$807.4K – $1.08M
NOI $64,588 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$857.8K
$750.6K – $1.00M
NOI $60,046 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,975 @ 7.0% cap · market cap 11.65%
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 - Gut-renovated in 2021 and offered turnkey as two renovated 2-bed duplex apartments with in-unit laundry and central HVAC.
Where is this duplex located?
The property is located at 3 Walley Street Boston, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Gut‑renovated in 2021 2‑family built in 1910; Two duplex units, each with 2 beds and 1.5 baths; Central HVAC and hardwood floors throughout
