Updated Two-Family
581 East 8th Street Boston, MA 02127
For Sale
$1,725,000
Updated two-unit duplex with central air, in-unit laundry, and two deeded off-street parking spaces.
Property Size2,057 SF
Price / SF$838.60
Days on Market236
Property Features for 581 East 8th Street
General Information
- Standard status
- Active
- Size
- 2,057 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing Agency:
Grove Property Group
Listed By:
Tyler Bates
(617) 236-0353
Source:
Thecharlesrealty
Added: Nov 29, 2025
Changed: Jul 22
Last Checked: Jul 22 at 7:21PM
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 Grove Property Group
Investment Insights
Based on property information with market context.
This updated two-family duplex offers two separate units, each featuring modern kitchens and bathrooms. Both units include central air and in-unit laundry, supporting comfortable day-to-day living and straightforward tenant use. The property includes two off-street parking spaces that are deeded with the building.
The property is located in Southie’s City Point area near M Street Beach, along with nearby dining and retail options. It is also served by several bus routes, providing convenient transit access to the surrounding area.
The building can be sold either as separate units or as a single multifamily property, offering flexibility for an owner-occupant or an investor perspective.
The property is located in Southie’s City Point area near M Street Beach, along with nearby dining and retail options. It is also served by several bus routes, providing convenient transit access to the surrounding area.
The building can be sold either as separate units or as a single multifamily property, offering flexibility for an owner-occupant or an investor perspective.
Key Highlights
- Updated two‑unit duplex in Southie’s City Point neighborhood
- Year built 1900
- Both units feature central air and in‑unit laundry
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 | $77.8k | $37.80 |
| − Vacancy | −$3.5k | −$1.70 |
| EGI | $74.3k | $36.10 |
| − OpEx | −$22.3k | −$10.83 |
| NOI | $52.0k | $25.27 |
2,057 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$742.6K
$649.7K – $866.3K
NOI $51,979 @ 7.0% cap · market cap 3.01%
Second Best
Apartment 5plus
$690.3K
$604.0K – $805.4K
NOI $48,323 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,820 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Updated two-unit duplex with central air, in-unit laundry, and two deeded off-street parking spaces.
Where is this duplex located?
The property is located at 581 East 8th Street Boston, MA.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: Updated two‑unit duplex in Southie’s City Point neighborhood; Year built 1900; Both units feature central air and in‑unit laundry
