Renovated Two-Family with Bonus
For Sale
$1,450,000
588 Gallivan Blvd, Boston, MA 02124
Renovated duplex with spacious units, flexible lower-level areas, and convenient access to neighborhood dining, retail, and transit.
Property Size4,094 SF
Price / SF$354.18
Days on Market50
Property Features for 588 Gallivan Blvd
General Information
Standard status
Active
Size
4,094 SF
Property subtype
2 Family - 2 Units Up/Down
Site & Location
Neighborhood
Dorchester
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 4BR/2BA, 1 x 5BR/3BA
Multifamily Units
2
Building Details
Building Size
4,094 SF
Year Built
1928
Year Renovated
2021
Buildings
1
Listing Agency:
Structr
(617) 356-8171
Listed By:
Matt Colaneri
(617) 416-0943
Source:
Iverty
Added: Sep 10
Changed: Oct 29
Last Checked: Oct 28 at 7:03AM
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 Structr
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Investment Insights
Based on property information with market context.
Renovated in 2021, this 4,094-square-foot duplex contains two generously sized residential units. The first unit includes four bedrooms, two full bathrooms, and lower-level bonus space with legal egress, a full bathroom, and a kitchenette. The second offers five bedrooms and three full bathrooms, with a private stairway to a third-floor bedroom and en-suite bathroom.
Both units have central air conditioning, gas heat, and on-demand hot water heaters. The property is located in Dorchester’s Adams Village, within walking distance of neighborhood restaurants, Crunch Fitness, and everyday retail. Route 93 is minutes away by car, MBTA bus service runs nearby, and Ashmont Red Line Station is within walking distance. The property is to be delivered vacant.
Both units have central air conditioning, gas heat, and on-demand hot water heaters. The property is located in Dorchester’s Adams Village, within walking distance of neighborhood restaurants, Crunch Fitness, and everyday retail. Route 93 is minutes away by car, MBTA bus service runs nearby, and Ashmont Red Line Station is within walking distance. The property is to be delivered vacant.
Key Highlights
- Renovated in 2021
- Two units totaling 4,094 square feet
- Unit 1: four bedrooms, two full bathrooms, legal‑egress bonus space, bathroom, and kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,453
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,069,060
$2.1M
Cap Rate 7%
$1,477,900
$1.5M
Cap Rate 9%
$1,149,478
$1.1M
Market Conditions
NOI Build-Up for 4,094 SF
Gross rent
$154.8K $37.80/SF
− Vacancy
−$7.0K −$1.70/SF
EGI
$147.8K $36.10/SF
− OpEx
−$44.3K −$10.83/SF
NOI
$103.5K $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 Rate 5%
$2,069,060
Cap Rate 7%
$1,477,900
Cap Rate 9%
$1,149,478
Alternative Uses
Best Use
Multifamily LT 5
$1.48M
$1.29M – $1.72M
NOI $103,453 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$1.37M
$1.20M – $1.60M
NOI $96,176 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$3.07M
$2.68M – $3.58M
NOI $214,591 @ 7.0% cap · market cap 14.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,018
Businesses Nearby
Explore this area
Business Placement
Demographics for 02124, MA
50,972
Population
21,264
Households
2.4
Avg Household Size
36
Median Age
31%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
16,991
Density / Sq Mi
$79,168
Median Household Income
$43,483
Median Earnings
$1,783
Median Rent
$607,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex with spacious units, flexible lower-level areas, and convenient access to neighborhood dining, retail, and transit.
Where is this duplex located?
The property is located at 588 Gallivan Blvd Boston, MA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Renovated in 2021; Two units totaling 4,094 square feet; Unit 1: four bedrooms, two full bathrooms, legal‑egress bonus space, bathroom, and kitchenette
