Renovated Multifamily with Private
61 Wayland Street Boston, MA 02125
For Sale
$1,899,000
Renovated and expanded multifamily home at 61 Wayland Street with two distinct living areas, eight bedrooms, and five bathrooms.
Property Size4,602 SF
Price / SF$412.65
Days on Market63
Property Features for 61 Wayland Street
General Information
- Standard status
- Active
- Size
- 4,602 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing Agency:
The Agency Boston
(207) 399-7048
Listed By:
Jason Lisherness
Source:
Rosenrealty
Added: May 22
Changed: Jul 23
Last Checked: Jul 23 at 5:30PM
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.
61 Wayland Street in Dorchester presents a extensively renovated and expanded multifamily residence with more than one designed living layout. The main residence includes sun-filled living spaces, a fireplace, and a chef’s kitchen featuring an oversized island, custom cabinetry, professional appliances, and designer finishes. Upstairs, the expansive primary suite is supported by additional bedrooms and a second-floor living area that opens directly to the upper deck. Overall, the property provides eight bedrooms and five bathrooms, supported by classic colonial details, elegant millwork, and a grand staircase, along with modern updates throughout.
The home is configured with two distinct living areas, including a thoughtfully designed lower-level living unit with its own private entrance. Outdoor amenities include a two-story deck, patio, yard, and a paved driveway, supporting flexible day-to-day use for residents.
With its combination of upgraded interior finishes and a private-entrance lower-level unit, the property is built to accommodate varied occupancy preferences while maintaining a cohesive overall layout.
The home is configured with two distinct living areas, including a thoughtfully designed lower-level living unit with its own private entrance. Outdoor amenities include a two-story deck, patio, yard, and a paved driveway, supporting flexible day-to-day use for residents.
With its combination of upgraded interior finishes and a private-entrance lower-level unit, the property is built to accommodate varied occupancy preferences while maintaining a cohesive overall layout.
Key Highlights
- Extensively renovated and expanded Dorchester multifamily with over 4,600 SF of living space
- Two distinct living areas with 8 bedrooms and 5 bathrooms total
- Lower‑level living unit includes a private entrance
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 | $174.0k | $37.80 |
| − Vacancy | −$7.8k | −$1.70 |
| EGI | $166.1k | $36.10 |
| − OpEx | −$49.8k | −$10.83 |
| NOI | $116.3k | $25.27 |
4,602 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 $116,289 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$1.54M
$1.35M – $1.80M
NOI $108,110 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$3.45M
$3.02M – $4.02M
NOI $241,218 @ 7.0% cap · market cap 12.70%
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 - Renovated and expanded multifamily home at 61 Wayland Street with two distinct living areas, eight bedrooms, and five bathrooms.
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 $1,899,000.
What are key features of this property?
This property features: Extensively renovated and expanded Dorchester multifamily with over 4,600 SF of living space; Two distinct living areas with 8 bedrooms and 5 bathrooms total; Lower‑level living unit includes a private entrance
