Two-Unit Residential Income
64 L Street Boston, MA 02127
64 L Street, Boston, MA, 02127
$1,475,000
For Sale
$1,475,000
Two fully rented 2-bedroom duplex residences include stainless appliances, granite counters, and in-unit laundry.
Property Size2,036 SF
Price / SF$724.46
Days on Market72
Property Features for 64 L Street
General Information
- Standard status
- Active
- Size
- 2,036 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1890
Listing agency
Coldwell Banker Realty - Boston
(339) 227-0058
Listed by
The Quirk Group · License #327164
(339) 227-0058
Source
Lockandkeyre
Added: May 12 Updated: Jul 21 at 8:06AM Checked: Jul 21 at 8:06AM
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 - Boston
Investment Insights
Based on property information with market context.
This rare two-unit residential income property features two separate duplex residences, each offering 2 bedrooms and 1.5 bathrooms. Unit 1 includes a private patio, while both units are described as having gleaming hardwood floors, high ceilings, natural light, and plenty of storage. The layouts include open-concept living and kitchens with stainless steel appliances and granite countertops, and each unit has in-unit laundry.
Both units are currently fully rented and occupied through 8/31/26, and both tenants are looking to renew. The property is centrally located on South Boston’s East side, with proximity to Starbucks, Medal of Honor Park, M St Beach, the 7, 9 and 10 bus stops, and shopping and dining along Broadway.
The configuration supports straightforward rentability with two independently occupied units, each with modern kitchen finishes and in-unit laundry amenities.
Both units are currently fully rented and occupied through 8/31/26, and both tenants are looking to renew. The property is centrally located on South Boston’s East side, with proximity to Starbucks, Medal of Honor Park, M St Beach, the 7, 9 and 10 bus stops, and shopping and dining along Broadway.
The configuration supports straightforward rentability with two independently occupied units, each with modern kitchen finishes and in-unit laundry amenities.
Key Highlights
- Two fully rented 2‑bedroom duplex residences, fully occupied through 8/31/26 with tenants looking to renew
- Each unit features stainless steel appliances, granite counters, and an open‑concept layout with living and kitchens
- Unit 1 includes 2 bed/1.5 bath with a private patio
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 | $77.0k | $37.80 |
| − Vacancy | −$3.5k | −$1.70 |
| EGI | $73.5k | $36.10 |
| − OpEx | −$22.0k | −$10.83 |
| NOI | $51.4k | $25.27 |
2,036 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$735.0K
$643.1K – $857.5K
NOI $51,448 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$683.3K
$597.9K – $797.2K
NOI $47,830 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,719 @ 7.0% cap · market cap 7.24%
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 - Two fully rented 2-bedroom duplex residences include stainless appliances, granite counters, and in-unit laundry.
Where is this duplex located?
The property is located at 64 L Street Boston, MA.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Two fully rented 2‑bedroom duplex residences, fully occupied through 8/31/26 with tenants looking to renew; Each unit features stainless steel appliances, granite counters, and an open‑concept layout with living and kitchens; Unit 1 includes 2 bed/1.5 bath with a private patio
