393 Faneuil St, Boston, MA 02135

Building Details

Building Size 1,895 SF More

Year Built 1895 More

Buildings 1 More

Construction mansard Victorian More

Listing Agency: V & E Realty Show Phone

Listed By: Wai Kit Or Show Phone

Source: Iverty

Added: Oct 29 Changed: Nov 9 Last Checked: Nov 10 at 7:08AM

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Investment Insights

Based on property information with market context.

Built in 1895, this Victorian duplex has two principal floors with nearly matching layouts, each featuring three bedrooms, two living rooms, a large kitchen, and in-unit laundry. Ceilings reach 10 feet. The first-floor kitchen connects to private decks, while the second-floor kitchen adjoins an approximately 200 SF heated bonus room. The finished lower level is arranged as a studio and a two-bedroom in-law space, each with a private bathroom. A wide driveway accommodates at least six cars, with two additional garage spaces. Recent updates include three electrical panels and hot water tanks installed in 2021 and 2024; the roof is approximately 10 years old.

The property is in Oak Square, across from the YMCA and near Brighton Center, restaurants, shopping, public transportation, and Boston University. The lower-level and first-floor heating systems are shared, while the second floor has a separate system. Lower-unit electric service connects to the common panel. The property is offered as-is, and the in-law configuration and other property details are subject to buyer verification.

Key Highlights

• Two principal floors, each with three bedrooms and two living rooms
• Finished lower level configured as a studio and a 2‑bedroom in‑law space, each with a private bathroom
• Driveway accommodates at least six cars, plus two garage spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$82,454

Cap Rate

5.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,649,080 $1.6M

Cap Rate 7%

$1,177,914 $1.2M

Cap Rate 9%

$916,156 $916.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,263 SF

Gross rent

$123.3K $37.80/SF

− Vacancy

−$5.6K −$1.70/SF

EGI

$117.8K $36.10/SF

− OpEx

−$35.3K −$10.83/SF

NOI

$82.5K $25.27/SF

Area

Boston, MA

Vacancy

4.50%

Lease Rate

$37.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,649,080

Cap Rate 7%

$1,177,914

Cap Rate 9%

$916,156

Alternative Uses

Best Use

Multifamily LT 5

$1.18M

$1.03M – $1.37M (±1% cap)

NOI $82,454 @ 7.0% cap · market cap 5.93%

Second Best

Apartment 5plus

$1.10M

$958.2K – $1.28M (±1% cap)

NOI $76,655 @ 7.0% cap · market cap 5.52%

Theoretical Best

Office A

$2.44M

$2.14M – $2.85M (±1% cap)

NOI $171,033 @ 7.0% cap · market cap 12.31%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Location Intelligence

Trade Area within ½ mile

778

Businesses Nearby

Explore this area Business Placement

Demographics for 02135, MA

47,232

Population

22,519

Households

2.1

Avg Household Size

29

Median Age

71%

College-Educated

93%

High-School Grad

2.6 sq mi

ZIP Area

18,166

Density / Sq Mi

$88,208

Median Household Income

$57,124

Median Earnings

$2,179

Median Rent

$684,000

Median Home Value

Market

Average Price Trend$/SF for Duplexes in Boston, MA

$528 Jul

$490 Aug

$500 Sep

$484 Oct

Properties on Market for Duplexes in Boston

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two principal floors offer matching three-bedroom layouts, private decks, and in-unit laundry.

Where is this duplex located?

The property is located at 393 Faneuil St Boston, MA.

What is the asking price?

The asking price for this property is $1,389,900.

What are key features of this property?

This property features: Two principal floors, each with three bedrooms and two living rooms; Finished lower level configured as a studio and a 2‑bedroom in‑law space, each with a private bathroom; Driveway accommodates at least six cars, plus two garage spaces