Two-Family Residential Income
481 Lagrange Street Boston, MA 02132
481 Lagrange Street, Boston, MA, 02132
$969,000
For Sale
$969,000
Two-unit property features eat-in kitchens, dining and living areas, plus sunroom/bonus space on each floor.
Property Size1,923 SF
Price / SF$503.90
Days on Market108
Property Features for 481 Lagrange Street
General Information
- Standard status
- Active
- Size
- 1,923 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1920
Listing agency
Return Realty Group, Inc.
(617) 913-2722
Listed by
Colleen Eddy · License #9508454
(617) 913-2722
Source
Compass
Added: Apr 7 Updated: Jul 23 at 12:04AM Checked: Jul 23 at 12:04AM
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 Return Realty Group, Inc.
Investment Insights
Based on property information with market context.
This two-family residential income property includes two separate floors, each with an eat-in kitchen, generously sized dining room, living room, and a flexible sunroom/bonus room that can serve a variety of living needs. Hardwood floors run throughout both units, complemented by original coffered ceilings and built-in hutches. Additional storage is available in both the attic and the basement.
The exterior offers a nicely sized side yard and a 2-car garage for off-street parking. The property is located along a bus route and within a short walk to the commuter rail.
With some updating, the layout supports multiple residential uses while providing practical indoor storage and dedicated garage parking for the property.
The exterior offers a nicely sized side yard and a 2-car garage for off-street parking. The property is located along a bus route and within a short walk to the commuter rail.
With some updating, the layout supports multiple residential uses while providing practical indoor storage and dedicated garage parking for the property.
Key Highlights
- Two‑family home built in 1920 with hardwood flooring and original coffered ceilings and built‑in hutches
- Each unit includes an eat‑in kitchen, dining room, and living room, plus a flexible sunroom/bonus room
- Full, unfinished concrete basement plus additional attic space for storage or future use
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 | $72.7k | $37.80 |
| − Vacancy | −$3.3k | −$1.70 |
| EGI | $69.4k | $36.10 |
| − OpEx | −$20.8k | −$10.83 |
| NOI | $48.6k | $25.27 |
1,923 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$694.2K
$607.4K – $809.9K
NOI $48,593 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$645.4K
$564.7K – $752.9K
NOI $45,175 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,796 @ 7.0% cap · market cap 10.40%
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 property features eat-in kitchens, dining and living areas, plus sunroom/bonus space on each floor.
Where is this duplex located?
The property is located at 481 Lagrange Street Boston, MA.
What is the asking price?
The asking price for this property is $969,000.
What are key features of this property?
This property features: Two‑family home built in 1920 with hardwood flooring and original coffered ceilings and built‑in hutches; Each unit includes an eat‑in kitchen, dining room, and living room, plus a flexible sunroom/bonus room; Full, unfinished concrete basement plus additional attic space for storage or future use
