Two-Family Home with Private
584 Centre Street Boston, MA 02130
584 Centre Street, Boston, MA, 02130
$1,600,000
For Sale
$1,600,000
Historic two-family residence features chef’s kitchens, private decks, side yard, and separate utilities.
Property Size4,000 SF
Price / SF$400
Days on Market99
Property Features for 584 Centre Street
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1930
Listing agency
Coldwell Banker Realty - Manchester
(978) 526-7572
Listed by
Jeremy McElwain · License #9039667
(978) 526-7572
Source
Compass
Added: Apr 15 Updated: Jul 21 at 1:17AM Checked: Jul 21 at 8:20AM
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 Coldwell Banker Realty - Manchester
Investment Insights
Based on property information with market context.
Historic JP two-family with sun-splashed interiors, high ceilings, oversized windows, and wood trim. Each unit spans multiple levels and offers 4 bedrooms and 2 full bathrooms, with a layout that provides the feel of a single-family home. The lower unit includes a chef’s kitchen with Calcutta marble and Bosch appliances, open dining/living space, two expansive decks, and a side yard. A private primary suite includes a double vanity, ample closets, and central AC. The upper unit offers bright, tree-top views and includes its own deck retreat.
The property is located on Centre Street in Boston, with access to Jamaica Pond and MBTA service (the T) described in the remarks. The home is positioned on a private knoll.
Separate utilities are noted, and the current rental income is stated at $9,600 per month. No open houses are offered; only private showings.
The property is located on Centre Street in Boston, with access to Jamaica Pond and MBTA service (the T) described in the remarks. The home is positioned on a private knoll.
Separate utilities are noted, and the current rental income is stated at $9,600 per month. No open houses are offered; only private showings.
Key Highlights
- Historic 2‑family built in 1930 with finished basement and 4 total bathrooms (4 full baths).
- Each unit has 4 bedrooms and 2 full baths, spread across multiple levels for a single‑family feel.
- Lower unit includes a chef’s kitchen with Calcutta marble and Bosch appliances, plus open dining/living.
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 | $151.2k | $37.80 |
| − Vacancy | −$6.8k | −$1.70 |
| EGI | $144.4k | $36.10 |
| − OpEx | −$43.3k | −$10.83 |
| NOI | $101.1k | $25.27 |
4,000 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.44M
$1.26M – $1.68M
NOI $101,077 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$1.34M
$1.17M – $1.57M
NOI $93,968 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$3.00M
$2.62M – $3.49M
NOI $209,664 @ 7.0% cap · market cap 13.10%
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 - Historic two-family residence features chef’s kitchens, private decks, side yard, and separate utilities.
Where is this duplex located?
The property is located at 584 Centre Street Boston, MA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Historic 2‑family built in 1930 with finished basement and 4 total bathrooms (4 full baths).; Each unit has 4 bedrooms and 2 full baths, spread across multiple levels for a single‑family feel.; Lower unit includes a chef’s kitchen with Calcutta marble and Bosch appliances, plus open dining/living.
