Two-Family Residential Income
4 Lorette Street Boston, MA 02132
4 Lorette Street, Boston, MA, 02132
$999,000
Pending
For Sale
$999,000
Pending
Well-maintained two-family home with two decks, a balcony, and flexible unit layouts including an attic space.
Property Size2,419 SF
Days on Market84
Property Features for 4 Lorette Street
General Information
- Standard status
- Pending
- Size
- 2,419 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1910
Listing agency
Charlesgate Realty Group, llc
(617) 587-0100
Listed by
Kellie Rowland · License #9565592
(617) 587-0100
Source
Compass
Added: Apr 30 Updated: Jul 21 at 5:00PM Checked: Jul 21 at 5:00PM
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 Charlesgate Realty Group, llc
Investment Insights
Based on property information with market context.
This well-maintained two-family residence offers two separate units with multiple opportunities for modernization and reconfiguration. Unit 1 includes 2 bedrooms and 1 full bathroom, along with a kitchen and bathroom presented as renovation-ready spaces. Unit 2 provides a flexible two-floor layout with 4 bedrooms and 1 full bathroom, with bedrooms and living spaces on the main level and additional room upstairs. The upper level also features approximately 600 sq. ft. of walk-up unfinished attic space that could be finished to create additional living areas. Private outdoor space is included with decks and a balcony for both day-to-day enjoyment and entertaining.
The property is located at 4 Lorette Street in Boston, positioned seconds from local shops, schools, and parks as described in the public remarks.
Overall, the configuration supports a variety of uses within a two-family framework, with clear renovation zones in both kitchens and bathrooms and an attic area that adds meaningful flexibility for future finish-out.
The property is located at 4 Lorette Street in Boston, positioned seconds from local shops, schools, and parks as described in the public remarks.
Overall, the configuration supports a variety of uses within a two-family framework, with clear renovation zones in both kitchens and bathrooms and an attic area that adds meaningful flexibility for future finish-out.
Key Highlights
- Well‑maintained two‑family home built in 1910 with 2 full bathrooms total
- Unit 1 offers 2 beds and 1 full bath with kitchen and bath ready for renovation vision
- Unit 2 features a flexible 2‑floor layout with 4 beds and 1 full bath
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 | $91.4k | $37.80 |
| − Vacancy | −$4.1k | −$1.70 |
| EGI | $87.3k | $36.10 |
| − OpEx | −$26.2k | −$10.83 |
| NOI | $61.1k | $25.27 |
2,419 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$873.2K
$764.1K – $1.02M
NOI $61,126 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$811.8K
$710.3K – $947.1K
NOI $56,827 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,794 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with two decks, a balcony, and flexible unit layouts including an attic space.
Where is this duplex located?
The property is located at 4 Lorette Street Boston, MA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Well‑maintained two‑family home built in 1910 with 2 full bathrooms total; Unit 1 offers 2 beds and 1 full bath with kitchen and bath ready for renovation vision; Unit 2 features a flexible 2‑floor layout with 4 beds and 1 full bath
