498 Beech St Boston, MA 02131
Recently updated two-family with central A/C, in-unit laundry, separate utilities, and a paved driveway with six off-street parking spaces.
Property Features for 498 Beech St
General Information
- Standard status
- Active
- Size
- 1,968 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1920
Listing office William Raveis R.E. & Home Services
Listing date Mar 4, 2026
Source Maxfieldre
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 William Raveis R.E. & Home Services
Investment Insights
Based on property information with market context.
The property is located near George Wright Golf Course, as well as local restaurants, shops, and everyday amenities.
The listing reports strong rental history, with Unit 1 grossing $50,000 per year (part-year through Airbnb) and Unit 2 grossing $37,300 per year for total gross annual income of $87,200. The property also notes future condo conversion potential.
Key Highlights
- Recently updated two‑family home built in 1920 with 3 bedrooms and 1 full bath in each unit
- Central A/C plus in‑unit laundry in both units
- Separate utilities for the two units
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 | $74.4k | $37.80 |
| − Vacancy | −$3.3k | −$1.70 |
| EGI | $71.0k | $36.10 |
| − OpEx | −$21.3k | −$10.83 |
| NOI | $49.7k | $25.27 |
