Duplex with Zoned Central
For Sale
$2,795,000
Pending
65-67 Surrey, Boston, MA 02135
The property includes multiple heating zones and a walk-out basement with full-height access.
Property Size5,476 SF
Days on Market25
Property Features for 65-67 Surrey
General Information
Standard status
Pending
Size
5,476 SF
Total Parking Spaces
8
Property subtype
Residential Income
Zoning
Res
Net Operating Income
$174,600
Taxes and HOA fees
Annual Taxes
$16,885
Amenities
Pool
Central Air, Ceiling Fan(s), Zoned, Multi Units
Natural Gas, Zoned
Full, Walk-Out Access
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Gas Water Heater
Ceiling Fan(s)
Paved, Off Street
Rain Gutters
Building Details
Building Size
5,476 SF
Year Built
1920
Stories
3
Listed By:
Tina Thurlow
(617) 538-1599
Source:
Evrealestate
Added: Sep 12
Changed: Oct 1
Last Checked: Oct 5 at 5:03PM
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 Tina Thurlow
Investment Insights
Based on property information with market context.
This duplex, built in 1920, offers 5,476 square feet and central air conditioning with zoned controls. Interior features include ceiling fans, natural gas service, and a full basement with walk-out access. The kitchens are equipped with ranges, dishwashers, disposals, microwaves, refrigerators, washers, dryers, and gas water heaters.
Paved off-street parking and rain gutters are among the exterior features. The property is located at 65-67 Surrey in Boston, with directions from Parsons Street to Surrey Street.
Paved off-street parking and rain gutters are among the exterior features. The property is located at 65-67 Surrey in Boston, with directions from Parsons Street to Surrey Street.
Key Highlights
- 5,476 square feet
- Built in 1920
- Central air conditioning with zoned controls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,375
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,767,500
$2.8M
Cap Rate 7%
$1,976,786
$2.0M
Cap Rate 9%
$1,537,500
$1.5M
Market Conditions
NOI Build-Up for 5,476 SF
Gross rent
$207.0K $37.80/SF
− Vacancy
−$9.3K −$1.70/SF
EGI
$197.7K $36.10/SF
− OpEx
−$59.3K −$10.83/SF
NOI
$138.4K $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%
$2,767,500
Cap Rate 7%
$1,976,786
Cap Rate 9%
$1,537,500
Alternative Uses
Best Use
Multifamily LT 5
$1.98M
$1.73M – $2.31M
NOI $138,375 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$1.84M
$1.61M – $2.14M
NOI $128,642 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$4.10M
$3.59M – $4.78M
NOI $287,030 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,202
Businesses Nearby
Explore this area
Business Placement
Demographics for 02135, MA
47,232
Population
22,519
Households
2.1
Avg Household Size
29
Median Age
71%
College-Educated
93%
High-School Grad
2.6 sq mi
ZIP Area
18,166
Density / Sq Mi
$88,208
Median Household Income
$57,124
Median Earnings
$2,179
Median Rent
$684,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - The property includes multiple heating zones and a walk-out basement with full-height access.
Where is this duplex located?
The property is located at 65-67 Surrey Boston, MA.
What is the asking price?
The asking price for this property is $2,795,000.
What are key features of this property?
This property features: 5,476 square feet; Built in 1920; Central air conditioning with zoned controls
