Renovated Duplex with Separate
For Sale
$1,199,000
62-64 Edson St, Boston, MA 02124
Three finished levels provide two residential units with private suites, updated kitchens, decks, and in-unit laundry.
Property Size3,284 SF
Price / SF$365.10
Days on Market115
Property Features for 62-64 Edson St
General Information
Standard status
Active
Size
3,284 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Zoning
R2
Net Operating Income
$84,588
Taxes and HOA fees
Annual Taxes
$11,001
Building Details
Building Size
3,284 SF
Year Built
1905
Stories
3
Listing Agency:
Apex Realty Group, LLC
(978) 276-3333
Listed By:
The Apex Team
(617) 908-0894
Source:
Churchillprop
Added: Jun 25
Changed: Oct 6
Last Checked: Oct 16 at 6:19AM
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 Apex Realty Group, LLC
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Investment Insights
Based on property information with market context.
This renovated duplex contains 6 bedrooms and 5 full bathrooms arranged across three finished levels. Both units include a primary suite, custom kitchens, updated bathrooms, recessed lighting, central air, multiple decks, and in-unit washer/dryer. Separate electrical service, high-velocity HVAC, and Navien tankless water heaters serve the residences, while the exterior has new siding, stone accents, and a new roof.
The property also includes a paved driveway with capacity for 6 vehicles, along with a patio and green space. A full basement offers high-ceiling storage and additional utility. Current leases extend through 10/26 and 11/26. Built in 1905 and zoned R2, the property is located at 62-64 Edson St in Boston, Massachusetts.
The property also includes a paved driveway with capacity for 6 vehicles, along with a patio and green space. A full basement offers high-ceiling storage and additional utility. Current leases extend through 10/26 and 11/26. Built in 1905 and zoned R2, the property is located at 62-64 Edson St in Boston, Massachusetts.
Key Highlights
- 6 bedrooms and 5 full bathrooms across three finished levels
- Two units, each with a primary suite, custom kitchen, updated bathroom, and in‑unit washer/dryer
- Separate and new electrical, high‑velocity HVAC, and Navien tankless water heaters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,984
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,659,680
$1.7M
Cap Rate 7%
$1,185,486
$1.2M
Cap Rate 9%
$922,044
$922.0K
Market Conditions
NOI Build-Up for 3,284 SF
Gross rent
$124.1K $37.80/SF
− Vacancy
−$5.6K −$1.70/SF
EGI
$118.5K $36.10/SF
− OpEx
−$35.6K −$10.83/SF
NOI
$83.0K $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%
$1,659,680
Cap Rate 7%
$1,185,486
Cap Rate 9%
$922,044
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.04M – $1.38M
NOI $82,984 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$1.10M
$964.4K – $1.29M
NOI $77,148 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,134 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,285
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Three finished levels provide two residential units with private suites, updated kitchens, decks, and in-unit laundry.
Where is this duplex located?
The property is located at 62-64 Edson St Boston, MA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 6 bedrooms and 5 full bathrooms across three finished levels; Two units, each with a primary suite, custom kitchen, updated bathroom, and in‑unit washer/dryer; Separate and new electrical, high‑velocity HVAC, and Navien tankless water heaters
