Two-Family Residential Income
45 Edwin Street Boston, MA 02124
45 Edwin Street, Boston, MA, 02124
$949,000
For Sale
$949,000
Oversized duplex with two separate bi-level units, each featuring three bedrooms, one bathroom, plus basement storage.
Property Size3,102 SF
Price / SF$305.93
Days on Market107
Property Features for 45 Edwin Street
General Information
- Standard status
- Active
- Size
- 3,102 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1895
Listing agency
Real Broker MA, LLC
(855) 450-0442
Listed by
Brenna Crowe · License #9559415
(855) 450-0442
Source
Compass
Added: Apr 8 Updated: Jul 22 at 5:51AM Checked: Jul 22 at 5:51AM
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 Real Broker MA, LLC
Investment Insights
Based on property information with market context.
This oversized two-family duplex offers bi-level living in each unit, with spacious floor plans that include a large pantry and additional basement storage. Each unit provides three bedrooms and one bathroom. Additional features include original trim and stained glass windows, plus a fenced backyard area and one off-street parking space. Updates noted include a hot water tank replacement in 2025 for Unit 1, a heating system update in 2023, updated electrical for both units, and mostly newer windows.
Located at 45 Edwin Street in Boston, the property is described as a short distance to Adams Village restaurants and shops, the MBTA Red Line station, and local parks and beaches.
Unit 2 is described as having potential to be converted back to a four-bedroom configuration.
Located at 45 Edwin Street in Boston, the property is described as a short distance to Adams Village restaurants and shops, the MBTA Red Line station, and local parks and beaches.
Unit 2 is described as having potential to be converted back to a four-bedroom configuration.
Key Highlights
- Oversized 2‑family home (1895) with two separate bi‑level units, each offering 3 bedrooms and 1 bathroom
- Basement includes full basement and additional storage
- Kitchen and interior updates include upgraded cabinets and countertops, plus pantry and storage
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 | $117.3k | $37.80 |
| − Vacancy | −$5.3k | −$1.70 |
| EGI | $112.0k | $36.10 |
| − OpEx | −$33.6k | −$10.83 |
| NOI | $78.4k | $25.27 |
3,102 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$979.8K – $1.31M
NOI $78,385 @ 7.0% cap · market cap 8.26%
Second Best
Apartment 5plus
$1.04M
$910.9K – $1.21M
NOI $72,872 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$2.32M
$2.03M – $2.71M
NOI $162,594 @ 7.0% cap · market cap 17.13%
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 - Oversized duplex with two separate bi-level units, each featuring three bedrooms, one bathroom, plus basement storage.
Where is this duplex located?
The property is located at 45 Edwin Street Boston, MA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Oversized 2‑family home (1895) with two separate bi‑level units, each offering 3 bedrooms and 1 bathroom; Basement includes full basement and additional storage; Kitchen and interior updates include upgraded cabinets and countertops, plus pantry and storage
