Two-Family Residential Income
63 Coolidge Road Boston, MA 02134
For Sale
$1,549,000
Renovated two-unit residence with in-unit laundry, offering current rents of $3,200 and $4,400 per month.
Property Size2,834 SF
Price / SF$546.58
Days on Market135
Property Features for 63 Coolidge Road
General Information
- Standard status
- Active
- Size
- 2,834 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1902
Listing Agency:
Coldwell Banker Realty - Cambridge
(617) 864-4430
Listed By:
Nathan Long · License #9579073
(617) 864-4430
Source:
Compass
Added: Mar 12
Changed: Jul 23
Last Checked: Jul 23 at 12:18PM
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 - Cambridge
Investment Insights
Based on property information with market context.
63 Coolidge Rd is a two-family residence offering two separate units with in-unit laundry and kitchen and bathroom renovations completed within the past five years. The lower unit features about 1,200 square feet across 3 bedrooms and 2 bathrooms, including a primary suite on the second floor. The upper unit provides about 1,600 square feet across 2 levels with 4 bedrooms and 2 bathrooms. Current rents are $3,200 per month for the lower unit and $4,400 per month for the upper unit.
The property is located in Lower Allston on a quiet residential street. It is less than 1 mile to Harvard Business School, less than 1.5 miles to Harvard Square and Boston University, and is one block from the 66 bus stop, with convenient access to the Massachusetts Turnpike and Storrow Drive.
There may be an opportunity to finish the basement to add approximately 900 square feet to the lower unit.
The property is located in Lower Allston on a quiet residential street. It is less than 1 mile to Harvard Business School, less than 1.5 miles to Harvard Square and Boston University, and is one block from the 66 bus stop, with convenient access to the Massachusetts Turnpike and Storrow Drive.
There may be an opportunity to finish the basement to add approximately 900 square feet to the lower unit.
Key Highlights
- Two‑family home built in 1902 with two separate units (lower approx. 1,200 SF; upper approx. 1,600 SF)
- Lower unit: 3 bedrooms, 2 bathrooms with renovated kitchen and baths within the past 5 years and in‑unit laundry
- Upper unit: 4 bedrooms, 2 bathrooms over 2 levels with renovated kitchen and baths within the past 5 years and in‑unit laundry
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 | $107.1k | $37.80 |
| − Vacancy | −$4.8k | −$1.70 |
| EGI | $102.3k | $36.10 |
| − OpEx | −$30.7k | −$10.83 |
| NOI | $71.6k | $25.27 |
2,834 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$895.2K – $1.19M
NOI $71,613 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$951.1K
$832.2K – $1.11M
NOI $66,576 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,547 @ 7.0% cap · market cap 9.59%
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 two-unit residence with in-unit laundry, offering current rents of $3,200 and $4,400 per month.
Where is this duplex located?
The property is located at 63 Coolidge Road Boston, MA.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: Two‑family home built in 1902 with two separate units (lower approx. 1,200 SF; upper approx. 1,600 SF); Lower unit: 3 bedrooms, 2 bathrooms with renovated kitchen and baths within the past 5 years and in‑unit laundry; Upper unit: 4 bedrooms, 2 bathrooms over 2 levels with renovated kitchen and baths within the past 5 years and in‑unit laundry
