Turn-of-Century Two-Family
408 W Second Boston, MA 02127
408 W Second, Boston, MA, 02127
$1,049,000
For Sale
$1,049,000
1910 two-family home with three floors, currently configured with 4 bedrooms and 2 bathrooms.
Property Size1,570 SF
Price / SF$668.15
Days on Market52
Property Features for 408 W Second
General Information
- Standard status
- Active
- Size
- 1,570 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1910
Listing agency
Cosmopolitan Realty Advisors
Listed by
David Winick
(401) 333-9333
Source
Residentialproperties
Added: Jun 1 Updated: Jul 21 at 9:18PM Checked: Jul 22 at 8:18AM
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 Cosmopolitan Realty Advisors
Investment Insights
Based on property information with market context.
408 W Second Street is a turn-of-the-century two-family residence built in 1910. The building spans three floors and is currently configured with 4 bedrooms and 2 bathrooms, offering a straightforward multi-unit layout for owner-occupants, investors, or renovation-focused buyers.
The property is listed for sale at 408 West 2nd Street in Boston, MA 02127. It presents an opportunity for buyers who want a residential income property and are considering how best to utilize the existing configuration.
As presented, the asset totals 1,570 square feet and is set up as a two-family home, providing flexibility for those looking to maintain the building as an income-producing property or adapt the space through renovation and reconfiguration.
The property is listed for sale at 408 West 2nd Street in Boston, MA 02127. It presents an opportunity for buyers who want a residential income property and are considering how best to utilize the existing configuration.
As presented, the asset totals 1,570 square feet and is set up as a two-family home, providing flexibility for those looking to maintain the building as an income-producing property or adapt the space through renovation and reconfiguration.
Key Highlights
- 1910 South Boston two‑family home with three floors and 1,570 SF of living space
- Currently configured with 4 bedrooms and 2 bathrooms
- Multi‑family property described as structurally sound
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 | $59.3k | $37.80 |
| − Vacancy | −$2.7k | −$1.70 |
| EGI | $56.7k | $36.10 |
| − OpEx | −$17.0k | −$10.83 |
| NOI | $39.7k | $25.27 |
1,570 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$566.8K
$495.9K – $661.2K
NOI $39,673 @ 7.0% cap · market cap 3.78%
Second Best
Apartment 5plus
$526.9K
$461.0K – $614.7K
NOI $36,883 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,293 @ 7.0% cap · market cap 7.84%
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 - 1910 two-family home with three floors, currently configured with 4 bedrooms and 2 bathrooms.
Where is this duplex located?
The property is located at 408 W Second Boston, MA.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: 1910 South Boston two‑family home with three floors and 1,570 SF of living space; Currently configured with 4 bedrooms and 2 bathrooms; Multi‑family property described as structurally sound
