Two-Family Residential Income
55 Brown Ave Boston, MA 02131
55 Brown Ave, Boston, MA, 02131
$899,900
Pending
For Sale
$899,900
Pending
Three-level two-family with 3,044 sq. ft and two-car garage on Ada Street frontage, requiring complete renovation.
Property Size3,044 SF
Days on Market88
Property Features for 55 Brown Ave
General Information
- Standard status
- Pending
- Size
- 3,044 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1910
Listing agency
Vogt Realty Group, LLC
(857) 472-2982
Listed by
Patsy Brennan
(857) 472-2982
Source
Lockandkeyre
Added: Apr 27 Updated: Jul 22 at 10:37AM Checked: Jul 22 at 10:37AM
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 Vogt Realty Group, LLC
Investment Insights
Based on property information with market context.
This spacious three-level two-family residential property offers a total of 3,044 sq. ft of living space. The home and the two-car garage are in need of complete renovation. Features include high ceilings and some original details such as stained glass, mantles, and moldings.
The property presents two fuel sources by floor: the first floor is oil, while the second and third floors are gas. It includes two-car garage space with frontage on Ada Street, and it is described as conveniently located close to Roslindale Village with walking access to a bus line on Hyde Park Ave to Forest Hill T-Station.
The provided materials reference floor plans and schematic plans for a potential condo conversion. The home also includes a large basement with high ceilings and a walkout, and the detached two-car garage is noted as a possible option, alongside reported excellent ADU potential. The property is additionally described as having a neighboring adjacent lot where a new single-family home is planned to be built.
The property presents two fuel sources by floor: the first floor is oil, while the second and third floors are gas. It includes two-car garage space with frontage on Ada Street, and it is described as conveniently located close to Roslindale Village with walking access to a bus line on Hyde Park Ave to Forest Hill T-Station.
The provided materials reference floor plans and schematic plans for a potential condo conversion. The home also includes a large basement with high ceilings and a walkout, and the detached two-car garage is noted as a possible option, alongside reported excellent ADU potential. The property is additionally described as having a neighboring adjacent lot where a new single-family home is planned to be built.
Key Highlights
- Three‑level two‑family with 3,044 sq. ft of living space, built in 1910
- Ada Street frontage with a two‑car garage
- In need of complete renovation; keep some original details including stained glass, mantles, and moldings
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 | $115.1k | $37.80 |
| − Vacancy | −$5.2k | −$1.70 |
| EGI | $109.9k | $36.10 |
| − OpEx | −$33.0k | −$10.83 |
| NOI | $76.9k | $25.27 |
3,044 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$961.5K – $1.28M
NOI $76,920 @ 7.0% cap · market cap 8.55%
Second Best
Apartment 5plus
$1.02M
$893.9K – $1.19M
NOI $71,510 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,554 @ 7.0% cap · market cap 17.73%
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 - Three-level two-family with 3,044 sq. ft and two-car garage on Ada Street frontage, requiring complete renovation.
Where is this duplex located?
The property is located at 55 Brown Ave Boston, MA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Three‑level two‑family with 3,044 sq. ft of living space, built in 1910; Ada Street frontage with a two‑car garage; In need of complete renovation; keep some original details including stained glass, mantles, and moldings
