Two-Unit Residential Income Property

31 Amherst St Boston, MA 02131

Claim this Listing
New
For Sale
$665,000

MULTI_FAMILY - Boston, MA

Property size:
1,760 SF
Lot size:
0.11 Acres
Price / SF:
$377/SF
Added:
Jul 9, 2026
Days on Market:
2
Last Refresh:
Jul 10 at 9:06 pm

Property Features for 31 Amherst St

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
3
Bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2
Standard status
Active
APN
W:20 P:00167 S:000,1388743
Size
1,760 SF
Lot size
0.11 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
7724

Building Details

Year built
1920
Floors in Building
2
Number of units
2

Listing office Keller Williams Elite 25 Messenger Street, 2nd Floor, Plainville, MA

Listing date Jul 9, 2026

MLS# 73547721 Listing URL

Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

Located at 31 Amherst St in Boston, this R2 zoned two-unit residential income property offers space to remodel. The configuration includes a top-floor 2-bedroom layout with an additional walk-up attic, and a lower floor with separate dining and living rooms. The property is being sold completely as-is, with opportunity for updates, including the possibility of adding an ADU or starting from scratch.

The address sits just a few seconds from Roslindale village train station, with additional public transportation routes referenced along Washington Street.

Financing qualification is limited, as the listing notes it will not qualify for FHA, cash, or rehab loans only.

Key Highlights

  • 1920‑built multifamily in Roslindale Square with space to remodel, including option to add an ADU or start from scratch
  • Top floor features a 2‑bedroom layout plus a walk‑up attic
  • Bottom floor includes a separate dining area and living 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 $66.5k $37.80
− Vacancy −$3.0k −$1.70
EGI $63.5k $36.10
− OpEx −$19.1k −$10.83
NOI $44.5k $25.27
1,760 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$635.3K
$555.9K – $741.2K (±1% cap)
NOI $44,474 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$590.7K
$516.8K – $689.1K (±1% cap)
NOI $41,346 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M (±1% cap)
NOI $92,252 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Real Estate Agency Restaurant Skin Care Clinic Cafe & Coffee Shop Parking Lot & Garage (Bike/Boat/Book/etc) Store Accounting Firm Big Box & Wholesale Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - R2 zoned two-unit residential income property with a top-floor 2-bedroom layout and walk-up attic, sold as-is.
Where is this duplex located?
The property is located at 31 Amherst St Boston, MA.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: 1920‑built multifamily in Roslindale Square with space to remodel, including option to add an ADU or start from scratch; Top floor features a 2‑bedroom layout plus a walk‑up attic; Bottom floor includes a separate dining area and living room
Contact an agent
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