Two-Family Residential Income
35-37 Westminster St Boston, MA 02136
New
For Sale
$869,000
Well-maintained two-family duplex with a leased unit and an additional unit delivered vacant.
Property Size2,987 SF
Price / SF$290.93
Days on Market5
Property Features for 35-37 Westminster St
General Information
- Standard status
- Active
- Size
- 2,987 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1910
Listing Agency:
Keller Williams Realty
(508) 737-0163
Listed By:
The Jenkins Group · License #RB14029982
(508) 737-0163
Source:
Iverty
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 24 at 1:33PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
35–37 Westminster Rd is a well-maintained two-family residential income property offering two separate units. Unit 1 is secured with a 3-year lease, providing current rental income. The second unit will be delivered vacant, creating flexibility for an owner-occupant or for a new tenant upon completion of turnover.
The home includes major updates aimed at long-term durability and comfort, including a roof approximately 15 years old and newer heating systems.
This property is configured as a duplex with two units, providing the option to live in one while renting the other, or to operate it as a two-unit investment.
The home includes major updates aimed at long-term durability and comfort, including a roof approximately 15 years old and newer heating systems.
This property is configured as a duplex with two units, providing the option to live in one while renting the other, or to operate it as a two-unit investment.
Key Highlights
- Two‑family duplex with 35–37 Westminster Rd, built in 1910
- Unit 1 secured with a 3‑year lease for immediate income stability
- Second unit to be delivered vacant, offering potential for personalization or new occupancy
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 | $112.9k | $37.80 |
| − Vacancy | −$5.1k | −$1.70 |
| EGI | $107.8k | $36.10 |
| − OpEx | −$32.3k | −$10.83 |
| NOI | $75.5k | $25.27 |
2,987 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$943.5K – $1.26M
NOI $75,479 @ 7.0% cap · market cap 8.69%
Second Best
Apartment 5plus
$1.00M
$877.1K – $1.17M
NOI $70,171 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,567 @ 7.0% cap · market cap 18.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained two-family duplex with a leased unit and an additional unit delivered vacant.
Where is this duplex located?
The property is located at 35-37 Westminster St Boston, MA.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: Two‑family duplex with 35–37 Westminster Rd, built in 1910; Unit 1 secured with a 3‑year lease for immediate income stability; Second unit to be delivered vacant, offering potential for personalization or new occupancy
