Two-Unit Duplex with Off-Street
40-42 Coleman Street Boston, MA 02125
For Sale
$1,199,900
Two-family duplex with five bedrooms and 1.5 baths per unit, plus off-street parking and an open, unfinished basement.
Property Size3,470 SF
Price / SF$345.79
Days on Market9
Property Features for 40-42 Coleman Street
General Information
- Standard status
- Active
- Size
- 3,470 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1905
Listing Agency:
Keller Williams Realty
Listed By:
Paul A. Morrison
(603) 352-5533
Source:
Hgjohnsonrealestate
Added: Jul 19
Changed: Jul 25
Last Checked: Jul 26 at 10:33PM
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.
40-42 Coleman Street is a well-maintained two-family duplex designed for flexibility. Each unit includes five bedrooms and 1.5 baths, and the layout features 3-season porches that can be enclosed for additional interior space. An open, clear basement offers room to be transformed into an ADU, and the half baths on both floors are set up for straightforward conversion to full baths with the addition of a shower.
The property also includes off-street parking and a backyard suited for everyday use and gatherings. A community garden is located across the street for additional outdoor options.
Overall, the building’s size, condition, and adaptable spaces make it well suited to buyers seeking a live-in option or a residential income property with potential to expand functional area.
The property also includes off-street parking and a backyard suited for everyday use and gatherings. A community garden is located across the street for additional outdoor options.
Overall, the building’s size, condition, and adaptable spaces make it well suited to buyers seeking a live-in option or a residential income property with potential to expand functional area.
Key Highlights
- 1905‑built two‑family duplex offering 5 bedrooms and 1.5 baths per unit
- Three‑season porches at the property can be converted into additional interior space
- Open, unfinished basement with potential to be transformed into an ADU
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 | $131.2k | $37.80 |
| − Vacancy | −$5.9k | −$1.70 |
| EGI | $125.3k | $36.10 |
| − OpEx | −$37.6k | −$10.83 |
| NOI | $87.7k | $25.27 |
3,470 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.10M – $1.46M
NOI $87,684 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$1.16M
$1.02M – $1.36M
NOI $81,517 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$2.60M
$2.27M – $3.03M
NOI $181,884 @ 7.0% cap · market cap 15.16%
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 - Two-family duplex with five bedrooms and 1.5 baths per unit, plus off-street parking and an open, unfinished basement.
Where is this duplex located?
The property is located at 40-42 Coleman Street Boston, MA.
What is the asking price?
The asking price for this property is $1,199,900.
What are key features of this property?
This property features: 1905‑built two‑family duplex offering 5 bedrooms and 1.5 baths per unit; Three‑season porches at the property can be converted into additional interior space; Open, unfinished basement with potential to be transformed into an ADU
