Two-Unit Residential Income
31-33 Cleveland Street Boston, MA 02136
31-33 Cleveland Street, Boston, MA, 02136
$899,900
For Sale
$899,900
Well-maintained two-family home with two 3-bedroom units, updated kitchens, and hardwood floors throughout.
Property Size2,288 SF
Price / SF$393.31
Days on Market71
Property Features for 31-33 Cleveland Street
General Information
- Standard status
- Active
- Size
- 2,288 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1910
Listing agency
Donahue Real Estate Co.
(617) 435-0817
Listed by
Lisa Iantosca
(617) 435-0817
Source
Lockandkeyre
Added: May 13 Updated: Jul 21 at 5:04PM Checked: Jul 21 at 5:04PM
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 Donahue Real Estate Co.
Investment Insights
Based on property information with market context.
A well-maintained two-family residential income property built in 1910, offering an up-and-down layout with two generous units. Each unit includes three bedrooms and one full bath, along with a bright living room open to the dining room. Kitchens have been updated, and both units feature hardwood floors and updated finishes. Additional dedicated home office space supports flexible day-to-day living.
Set in a quiet yet convenient neighborhood of Hyde Park, the property is positioned near public transportation, shopping, parks, schools, and major commuter routes. This combination of separate living spaces and everyday functionality makes the building suitable for an owner-occupant or an investor seeking rental income.
Showings begin at the first open house on Thursday, 5/15 from 4:30–6:00 PM, with additional scheduled times Friday 12:00–1:00 PM and Saturday/Sunday 11:30 AM–1:00 PM.
Set in a quiet yet convenient neighborhood of Hyde Park, the property is positioned near public transportation, shopping, parks, schools, and major commuter routes. This combination of separate living spaces and everyday functionality makes the building suitable for an owner-occupant or an investor seeking rental income.
Showings begin at the first open house on Thursday, 5/15 from 4:30–6:00 PM, with additional scheduled times Friday 12:00–1:00 PM and Saturday/Sunday 11:30 AM–1:00 PM.
Key Highlights
- Two‑family home built in 1910 in a quiet, convenient Hyde Park neighborhood
- Two 3‑bedroom units, each with 1 full bath
- Both units feature a bright living room open to the dining room
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 | $86.5k | $37.80 |
| − Vacancy | −$3.9k | −$1.70 |
| EGI | $82.6k | $36.10 |
| − OpEx | −$24.8k | −$10.83 |
| NOI | $57.8k | $25.27 |
2,288 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$825.9K
$722.7K – $963.6K
NOI $57,816 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$767.9K
$671.9K – $895.8K
NOI $53,750 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,928 @ 7.0% cap · market cap 13.33%
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 - Well-maintained two-family home with two 3-bedroom units, updated kitchens, and hardwood floors throughout.
Where is this duplex located?
The property is located at 31-33 Cleveland Street Boston, MA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Two‑family home built in 1910 in a quiet, convenient Hyde Park neighborhood; Two 3‑bedroom units, each with 1 full bath; Both units feature a bright living room open to the dining room
