Duplex with Updated
New
For Sale
$995,000
44 Mount Vernon, Boston, MA 02135
Both apartments are vacant, and each has separate heating and electric service.
Property Size2,019 SF
Price / SF$492.82
Days on Market2
Property Features for 44 Mount Vernon
General Information
Standard status
Active
Size
2,019 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
R2
Site & Location
Neighborhood
Brighton
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
electricity, gas
Taxes and HOA fees
Annual Taxes
$8,111
Amenities
common laundry
Building Details
Building Size
2,019 SF
Year Built
1948
Buildings
1
Stories
3
Listing Agency:
Hammond Residential Real Estate
Listed By:
Susan and Jen Rothstein Team
(617) 699-5217
Source:
Bostonbayside
Added: Oct 24
Last Checked: Oct 24 at 2:03PM
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 Hammond Residential Real Estate
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Investment Insights
Based on property information with market context.
This two-family property contains two apartments of approximately 850 square feet each. Both have a living room, dining room, kitchen, two bedrooms, a full bath, and an unheated sunporch. The first-floor kitchen was updated in 2017 and opens to the dining room. The upper apartment connects to a third-floor bonus room with potential to finish. Each unit has separate gas-fired forced hot water heating, gas hot water, and electric service. The property also includes a full basement with common laundry and space for a second laundry setup, plus an under-building one-car garage with an electric opener. Built in 1948 and zoned R2, the building’s apartments are currently vacant.
The property is near the restaurants, cafés, and shops of Brighton Center, as well as Rogers Park, the Charles River paths, Boston Medical Center Brighton, and Boston College. Commuter options include Boston Landing Commuter Rail, the MBTA Green Line, and express bus service.
The property is near the restaurants, cafés, and shops of Brighton Center, as well as Rogers Park, the Charles River paths, Boston Medical Center Brighton, and Boston College. Commuter options include Boston Landing Commuter Rail, the MBTA Green Line, and express bus service.
Key Highlights
- Two apartments, each approximately 850 square feet, with two bedrooms and a full bath
- First‑floor kitchen updated in 2017 and opened to the dining room
- Upper apartment has access to a third‑floor bonus room with potential to finish
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,019
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,020,380
$1.0M
Cap Rate 7%
$728,843
$728.8K
Cap Rate 9%
$566,878
$566.9K
Market Conditions
NOI Build-Up for 2,019 SF
Gross rent
$76.3K $37.80/SF
− Vacancy
−$3.4K −$1.70/SF
EGI
$72.9K $36.10/SF
− OpEx
−$21.9K −$10.83/SF
NOI
$51.0K $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%
$1,020,380
Cap Rate 7%
$728,843
Cap Rate 9%
$566,878
Alternative Uses
Best Use
Multifamily LT 5
$728.8K
$637.7K – $850.3K
NOI $51,019 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$677.6K
$592.9K – $790.5K
NOI $47,430 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,828 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,091
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments are vacant, and each has separate heating and electric service.
Where is this duplex located?
The property is located at 44 Mount Vernon Boston, MA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two apartments, each approximately 850 square feet, with two bedrooms and a full bath; First‑floor kitchen updated in 2017 and opened to the dining room; Upper apartment has access to a third‑floor bonus room with potential to finish
