Waumbeck Street Multifamily Investment
33 Waumbeck Street, Boston, MA 02121
Multifamily property with off-street parking near transit and amenities.
Type:Multi-family / 2 Family
Property size:
2,736 SFPrice / SF:
$370/SF- Added:
- Feb 12, 2026
- Days on Market:
- 111
- Last Refresh:
- Mar 17 at 5:27 am
Property Features for 33 Waumbeck Street
General Information
- Standard status
- Active
- Size
- 2,736 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1900
Listing agent Jovonie Houston License #9537386 (617) 696-4430
Listing office Coldwell Banker Realty - Dorchester (617) 696-4430
Listing date Feb 12, 2026
Source Compass
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 Coldwell Banker Realty - Dorchester
HighLights
- Excellent investment opportunity with potential for ~$6,100 total market rent from two units.
- Unit 2: Spacious 5‑bedroom townhouse‑style unit with updated kitchen and dishwasher.
- Off‑street parking and in‑building laundry provide convenience.
- Unit 1: Includes solar panels, ideal for owner‑occupant utility cost savings.
- Convenient location on a one‑way side street, minutes from public transit, restaurants, and shops.
- High ceilings and hardwood flooring throughout both units.
Overview
This multifamily property at 33 Waumbeck Street presents an opportunity for investors. The building features two units. Unit 1 has 5 bedrooms and 1.5 bathrooms, with an estimated market rent of approximately $4,000. Unit 2 has 1 bedroom and 1 bathroom, with an estimated market rent of approximately $2,100. Both units feature high ceilings and hardwood flooring. Unit 1 includes solar panels. Unit 2 is a townhouse-style unit with 5 bedrooms, a dishwasher, an updated kitchen, and 1.5 bathrooms. The property includes off-street parking and in-building laundry. It is located on a one-way side street, minutes from public transit, local restaurants, and shops. The total property size is 2,736 square feet. The tenants in Unit 2 are at-will. Unit 1 is the owner's 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 | $103.4k | $37.80 |
| − Vacancy | −$4.7k | −$1.70 |
| EGI | $98.8k | $36.10 |
| − OpEx | −$29.6k | −$10.83 |
| NOI | $69.1k | $25.27 |
2,736 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$987.7K
$864.2K – $1.15M
NOI $69,137 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$918.2K
$803.4K – $1.07M
NOI $64,274 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,410 @ 7.0% cap · market cap 14.13%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Boston
- County
- Suffolk
- State
- Massachusetts
- Longitude
- -71.08672
- Latitude
- 42.31431
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Multifamily property with off-street parking near transit and amenities.
Where is this duplex located?
The property is located at 33 Waumbeck Street Boston, MA.
What is the asking price?
The asking price for this property is $1,015,000.
What are key features of this property?
This property features: Excellent investment opportunity with potential for ~$6,100 total market rent from two units.; Unit 2: Spacious 5‑bedroom townhouse‑style unit with updated kitchen and dishwasher.; Off‑street parking and in‑building laundry provide convenience.
