Renovated Multifamily Duplex with Private
61 Wayland Street Boston, MA 02125
New
61 Wayland Street, Boston, MA, 02125
$1,799,000
For Sale
$1,799,000
Extensively renovated and expanded with 8 bedrooms, 5 bathrooms, and a lower-level living unit featuring its own private entrance.
Property Size4,600 SF
Price / SF$391.09
Days on Market2
Property Features for 61 Wayland Street
General Information
- Standard status
- Active
- Size
- 4,600 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1920
Listing agency
The Agency Boston
(207) 399-7048
Listed by
Jason Lisherness
(207) 399-7048
Source
Liongatere
Added: Jul 21 Updated: Jul 22 at 4:35AM Checked: Jul 22 at 4:35AM
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 The Agency Boston
Investment Insights
Based on property information with market context.
Extensively renovated and expanded, this Dorchester multifamily duplex offers over 4,600 SF of thoughtfully designed living space. Classic colonial details, elegant millwork, and a grand staircase pair with modern updates throughout. The main residence includes sun-filled living spaces, an exquisite fireplace, and a chef’s kitchen with an oversized island, custom cabinetry, professional appliances, and designer finishes. Upstairs, the expansive primary suite is complemented by additional bedrooms and a second-floor living area that opens directly to the upper deck. The configuration provides two distinct living areas with 8 bedrooms and 5 bathrooms, including a thoughtfully designed lower-level living unit with its own private entrance.
Outdoor space includes a two-story deck, patio, yard, and paved driveway. The property is located at 61 Wayland Street, Boston, MA 02125.
The layout’s flexibility supports a variety of occupancy configurations while maintaining well-defined separation between the main residence and the lower-level unit.
Outdoor space includes a two-story deck, patio, yard, and paved driveway. The property is located at 61 Wayland Street, Boston, MA 02125.
The layout’s flexibility supports a variety of occupancy configurations while maintaining well-defined separation between the main residence and the lower-level unit.
Key Highlights
- Extensively renovated and expanded Dorchester home with over 4,600 SF of living space
- 8 bedrooms and 5 bathrooms, including a second‑floor living area that opens to the upper deck
- Lower‑level living unit with its own private entrance
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 | $173.9k | $37.80 |
| − Vacancy | −$7.8k | −$1.70 |
| EGI | $166.1k | $36.10 |
| − OpEx | −$49.8k | −$10.83 |
| NOI | $116.2k | $25.27 |
4,600 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.66M
$1.45M – $1.94M
NOI $116,239 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$1.54M
$1.35M – $1.80M
NOI $108,063 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$3.44M
$3.01M – $4.02M
NOI $241,114 @ 7.0% cap · market cap 13.40%
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 - Extensively renovated and expanded with 8 bedrooms, 5 bathrooms, and a lower-level living unit featuring its own private entrance.
Where is this duplex located?
The property is located at 61 Wayland Street Boston, MA.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Extensively renovated and expanded Dorchester home with over 4,600 SF of living space; 8 bedrooms and 5 bathrooms, including a second‑floor living area that opens to the upper deck; Lower‑level living unit with its own private entrance
