Updated Two-Family
40-42 Elmira Street Boston, MA 02135
40-42 Elmira Street, Boston, MA, 02135
$1,098,000
For Sale
$1,098,000
Two-unit residential income property with updated kitchens and baths, decks, and 2-car parking.
Property Size2,300 SF
Price / SF$477.39
Days on Market10
Property Features for 40-42 Elmira Street
General Information
- Standard status
- Active
- Size
- 2,300 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1925
Listing agency
Compass
(860) 508-6703
Listed by
Eirinn Carroll · License #9574942
(860) 508-6703
Source
Compass
Added: Jul 13 Updated: Jul 21 at 6:31AM Checked: Jul 21 at 6:31AM
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.
Meticulously maintained two-family residence featuring updated kitchens and baths, replacement windows, decks, and a new roof. Unit 1 includes a foyer with coat closet, spacious living and dining areas with original built-ins and woodwork, and large updated windows. The kitchen has recent appliances and dishwashers with direct access to the rear porch and yard. Unit 1 offers bedrooms off a central hall near the bathroom, each with sizable closets and multiple windows.
Unit 2 offers a similar layout with an additional bedroom and a 3-season front porch. Both units are supported by smart, practical layouts designed for comfortable day-to-day living. The property also includes a sunny yard and 2-car parking.
Located on a quiet side street near Boston Landing in Brighton Center, the home provides convenient access to nearby employers, schools, dining, parks, and public transit, with Interstate 90 also within minutes.
Unit 2 offers a similar layout with an additional bedroom and a 3-season front porch. Both units are supported by smart, practical layouts designed for comfortable day-to-day living. The property also includes a sunny yard and 2-car parking.
Located on a quiet side street near Boston Landing in Brighton Center, the home provides convenient access to nearby employers, schools, dining, parks, and public transit, with Interstate 90 also within minutes.
Key Highlights
- 2‑family home built in 1925 with 2 total full baths
- Updated kitchens with appliances including range, dishwasher, refrigerator, and freezer
- Insulated windows and wood/tile/vinyl flooring throughout
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 | $86.9k | $37.80 |
| − Vacancy | −$3.9k | −$1.70 |
| EGI | $83.0k | $36.10 |
| − OpEx | −$24.9k | −$10.83 |
| NOI | $58.1k | $25.27 |
2,300 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$830.3K
$726.5K – $968.7K
NOI $58,119 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$771.9K
$675.4K – $900.5K
NOI $54,032 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,557 @ 7.0% cap · market cap 10.98%
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 - Two-unit residential income property with updated kitchens and baths, decks, and 2-car parking.
Where is this duplex located?
The property is located at 40-42 Elmira Street Boston, MA.
What is the asking price?
The asking price for this property is $1,098,000.
What are key features of this property?
This property features: 2‑family home built in 1925 with 2 total full baths; Updated kitchens with appliances including range, dishwasher, refrigerator, and freezer; Insulated windows and wood/tile/vinyl flooring throughout
