Attached Victorian Duplex Income
For Sale
$2,400,000
34-36 Alleghany Street, Boston, MA 02120
Two attached Victorian-style homes with multiple living and dining spaces and recently renovated exterior components.
Property Size4,902 SF
Price / SF$489.60
Days on Market89
Property Features for 34-36 Alleghany Street
General Information
Standard status
Active
Size
4,902 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Building Details
Year Built
1865
Listing Agency:
Compass
Listed By:
Mission Realty Advisors
(617) 731-4644
Source:
Hammondre
Added: May 7
Changed: Jul 21
Last Checked: Jul 22 at 7:57AM
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 Compass
Investment Insights
Based on property information with market context.
This for-sale duplex consists of two attached Victorian single-family homes. Each home is described as having 8 bedrooms and 2.5 baths, with soaring ceilings and oversized rooms. The floorplans include multiple formal living and dining spaces, offices, sunrooms, and expansive kitchens. Large basement areas provide additional expansion potential, and the rear easement may allow for future off-street parking.
The property was originally built around 1865 and reportedly remained in the same family for more than 60 years. Major exterior renovations were completed approximately three years ago, including new windows, siding, and roof, along with substantial exterior improvements.
The layout is positioned to support a range of ownership and income scenarios noted in the remarks, including owner occupancy, investment and rental income, multigenerational living, condo conversion, or restoration as a larger urban estate.
The property was originally built around 1865 and reportedly remained in the same family for more than 60 years. Major exterior renovations were completed approximately three years ago, including new windows, siding, and roof, along with substantial exterior improvements.
The layout is positioned to support a range of ownership and income scenarios noted in the remarks, including owner occupancy, investment and rental income, multigenerational living, condo conversion, or restoration as a larger urban estate.
Key Highlights
- Two attached Victorian single‑family homes built c. 1865, featuring 8 bedrooms and 2.5 baths per home (total 16 bedrooms, 5 baths).
- Total living area of 4,900+ sq ft with soaring ceilings, oversized rooms, and multiple formal living and dining spaces.
- Includes offices and sunrooms, plus expansive kitchens across both homes.
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 | $185.3k | $37.80 |
| − Vacancy | −$8.3k | −$1.70 |
| EGI | $177.0k | $36.10 |
| − OpEx | −$53.1k | −$10.83 |
| NOI | $123.9k | $25.27 |
4,902 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.77M
$1.55M – $2.06M
NOI $123,870 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$1.65M
$1.44M – $1.92M
NOI $115,158 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$3.67M
$3.21M – $4.28M
NOI $256,943 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
11,454
Businesses Nearby
Explore this area
Business Placement
Demographics for 02120, MA
17,578
Population
5,061
Households
3.5
Avg Household Size
26
Median Age
44%
College-Educated
78%
High-School Grad
0.6 sq mi
ZIP Area
29,297
Density / Sq Mi
$61,472
Median Household Income
$27,345
Median Earnings
$1,630
Median Rent
$941,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two attached Victorian-style homes with multiple living and dining spaces and recently renovated exterior components.
Where is this duplex located?
The property is located at 34-36 Alleghany Street Boston, MA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Two attached Victorian single‑family homes built c. 1865, featuring 8 bedrooms and 2.5 baths per home (total 16 bedrooms, 5 baths).; Total living area of 4,900+ sq ft with soaring ceilings, oversized rooms, and multiple formal living and dining spaces.; Includes offices and sunrooms, plus expansive kitchens across both homes.
