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Waumbeck Street Multifamily Investment Opportunity

33 Waumbeck Street, Boston, MA 02121

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For Sale

$999,900

Spacious units near transit, restaurants, and shops with parking.

Type:Multi-family

Property size:

2,736 SF

Price / SF:

$365/SF

HighLights

Strong income potential: Two units with a combined market rent of approximately $6,100.
Vacant unit at closing: Unit 2 will be vacant, allowing for immediate rental or owner occupancy.
Valuable amenity: Off‑street parking.
In‑building laundry: Convenient for tenants, increasing rental appeal.
Convenient location: Minutes from public transit, local restaurants, and shops.
Solar panels in Unit 1: Reduces utility costs, especially beneficial for an owner‑occupant.

We can help!

Listing Contact

Jovonie Houston

Learn more

For Sale

$999,900

Spacious units near transit, restaurants, and shops with parking.

Type:Multi-family

Property size:

2,736 SF

Price / SF:

$365/SF

Added:: Feb 2, 2026
Days on Market:: 129
Last Refresh:: Apr 21 at 6:27 am

Property Features for 33 Waumbeck Street

General Information

Standard status: Active
Size: 2,736 SF
Property subtype: Multi-family

Building Details

Year Built: 1900

We can help!

Listing Contact

Jovonie Houston

Listing agent Jovonie Houston

Listing office Coldwell Banker Realty - Dorchester

Listing date Feb 2, 2026

Source Stevebremis

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

Strong income potential: Two units with a combined market rent of approximately $6,100.
Vacant unit at closing: Unit 2 will be vacant, allowing for immediate rental or owner occupancy.
Valuable amenity: Off‑street parking.
In‑building laundry: Convenient for tenants, increasing rental appeal.
Convenient location: Minutes from public transit, local restaurants, and shops.
Solar panels in Unit 1: Reduces utility costs, especially beneficial for an owner‑occupant.

Overview

This multifamily property at 33 Waumbeck Street presents an opportunity for both new and experienced investors. The building features two units: one with five bedrooms and 1.5 bathrooms, and another with one bedroom and one bathroom. The estimated market rents are approximately $4,000 and $2,100, respectively. Property features include off-street parking and in-building laundry. The location offers convenient access to public transportation, local restaurants, and shops, situated on a one-way side street. Both units feature high ceilings and hardwood flooring. The first unit includes solar panels, potentially reducing utility costs for an owner-occupant. The second unit offers townhouse-style living with five bedrooms, a dishwasher, an updated kitchen, and 1.5 bathrooms. The second unit will be vacant at closing. The property size is 2736 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $69,137 @ 7.0% cap · market cap 6.91%

Second Best

Apartment 5plus

$918.2K

$803.4K – $1.07M (±1% cap)

NOI $64,274 @ 7.0% cap · market cap 6.43%

Theoretical Best

Office A

$2.05M

$1.79M – $2.39M (±1% cap)

NOI $143,410 @ 7.0% cap · market cap 14.34%

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

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Boston
County: Suffolk
State: Massachusetts
Longitude: -71.08672
Latitude: 42.31431

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For sale
Duplexes
MA
Boston
02121
33 Waumbeck Street

What type of property is this?

Duplex - Spacious units near transit, restaurants, and shops with parking.

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 $999,900.

What are key features of this property?

This property features: Strong income potential: Two units with a combined market rent of approximately $6,100.; Vacant unit at closing: Unit 2 will be vacant, allowing for immediate rental or owner occupancy.; Valuable amenity: Off‑street parking.