Fully Renovated Four-Unit
For Sale
$1,775,000
52 Clifford Street, Boston, MA 02119
Turnkey, fully renovated four-unit property with mini-split heating and A/C plus off-street parking.
Property Size5,240 SF
Price / SF$338.74
Days on Market60
Property Features for 52 Clifford Street
General Information
Standard status
Active
Size
5,240 SF
Property subtype
Multi-family
Building Details
Year Built
1999
Listing Agency:
Stony Brook & Lennox Realty Advisors
Listed By:
Markese Daise · License #9574297
(617) 905-4014
Source:
Milburyre
Added: Jul 8
Changed: Sep 4
Last Checked: Sep 4 at 10:48AM
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 Stony Brook & Lennox Realty Advisors
Investment Insights
Based on property information with market context.
Fully renovated four-unit residential income property comprised of two attached, separately deeded two-family residences. Each unit offers an open-concept layout with spacious bedrooms, designer kitchens, and updated luxury baths. The building features mini-split heating and A/C, along with updated systems and premium finishes throughout.
The property includes off-street parking. It is located in Roxbury, with convenient access to Downtown Boston, Back Bay, Northeastern University, the Longwood Medical Area, Boston Medical Center, and South Bay Center, as well as major highways and public transportation.
As presented, the configuration provides flexible ownership options across the two individually deeded two-family structures, and the offering is marketed with projected gross rental income of $158,400 annually.
The property includes off-street parking. It is located in Roxbury, with convenient access to Downtown Boston, Back Bay, Northeastern University, the Longwood Medical Area, Boston Medical Center, and South Bay Center, as well as major highways and public transportation.
As presented, the configuration provides flexible ownership options across the two individually deeded two-family structures, and the offering is marketed with projected gross rental income of $158,400 annually.
Key Highlights
- 1999‑built four‑unit property with a fully renovated interior
- Comprised of two attached, separately deeded two‑family residences
- Projected gross rental income of $158,400 annually
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$132,411
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,648,220
$2.6M
Cap Rate 7%
$1,891,586
$1.9M
Cap Rate 9%
$1,471,233
$1.5M
Market Conditions
NOI Build-Up for 5,240 SF
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.
Gross rent
$198.1K $37.80/SF
− Vacancy
−$8.9K −$1.70/SF
EGI
$189.2K $36.10/SF
− OpEx
−$56.7K −$10.83/SF
NOI
$132.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,648,220
Cap Rate 7%
$1,891,586
Cap Rate 9%
$1,471,233
Alternative Uses
Best Use
Multifamily LT 5
$1.89M
$1.66M – $2.21M
NOI $132,411 @ 7.0% cap · market cap 7.46%
Second Best
Apartment 5plus
$1.76M
$1.54M – $2.05M
NOI $123,098 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$3.92M
$3.43M – $4.58M
NOI $274,660 @ 7.0% cap · market cap 15.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,619
Businesses Nearby
Explore this area
Business Placement
Demographics for 02119, MA
29,175
Population
12,937
Households
2.3
Avg Household Size
34
Median Age
30%
College-Educated
81%
High-School Grad
1.6 sq mi
ZIP Area
18,234
Density / Sq Mi
$43,255
Median Household Income
$38,664
Median Earnings
$1,252
Median Rent
$668,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Turnkey, fully renovated four-unit property with mini-split heating and A/C plus off-street parking.
Where is this quadplex located?
The property is located at 52 Clifford Street Boston, MA.
What is the asking price?
The asking price for this property is $1,775,000.
What are key features of this property?
This property features: 1999‑built four‑unit property with a fully renovated interior; Comprised of two attached, separately deeded two‑family residences; Projected gross rental income of $158,400 annually
