Side-by-Side
For Sale
$1,350,000
67-69 Sanford Street, Boston, MA 02126
Two three-story residences offer open layouts, private parking, in-unit laundry hookups, and updated kitchens.
Property Size3,074 SF
Price / SF$439.17
Days on Market12
Property Features for 67-69 Sanford Street
General Information
Standard status
Active
Size
3,074 SF
Total Parking Spaces
2
Property subtype
Multi-family
Amenities
central air
W/D hookups
custom cabinetry
quartz countertops
stainless steel appliances
real wood floors
abundant closet space
tons of storage
Building Details
Year Built
2022
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Shore Real Estate LLC
Listed By:
The Vici Group
(617) 420-9033
Source:
Sredboston
Added: Jul 29
Changed: Aug 8
Last Checked: Aug 8 at 5:12PM
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 Shore Real Estate LLC
Investment Insights
Based on property information with market context.
This side-by-side duplex contains two three-story residences within a 3,074-square-foot property built in 2022. Each unit includes three bedrooms, two full bathrooms, and one half bath, with an open-concept living area, master suite, two additional large bedrooms, and generous closet and storage space. Real wood flooring extends throughout the interiors, while the kitchens feature custom cabinetry, quartz countertops, and stainless steel appliances. Central air and in-unit washer and dryer hookups add practical functionality.
The property includes two off-street parking spaces and is situated near the Milton line at 67-69 Sanford Street in Boston. The layout, separate side-by-side configuration, and residential improvements support use as a two-family income property.
The property includes two off-street parking spaces and is situated near the Milton line at 67-69 Sanford Street in Boston. The layout, separate side-by-side configuration, and residential improvements support use as a two-family income property.
Key Highlights
- Two‑family side‑by‑side layout at 67‑69 Sanford Street
- Each unit has 3 story, 3 bedroom, 2.5 bathroom configuration
- 3,074 square feet; built in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$77,678
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,553,560
$1.6M
Cap Rate 7%
$1,109,686
$1.1M
Cap Rate 9%
$863,089
$863.1K
Market Conditions
NOI Build-Up for 3,074 SF
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.
Gross rent
$116.2K $37.80/SF
− Vacancy
−$5.2K −$1.70/SF
EGI
$111.0K $36.10/SF
− OpEx
−$33.3K −$10.83/SF
NOI
$77.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,553,560
Cap Rate 7%
$1,109,686
Cap Rate 9%
$863,089
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$971.0K – $1.29M
NOI $77,678 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$1.03M
$902.7K – $1.20M
NOI $72,215 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$2.30M
$2.01M – $2.69M
NOI $161,127 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,218
Businesses Nearby
Explore this area
Business Placement
Demographics for 02126, MA
22,734
Population
9,617
Households
2.4
Avg Household Size
38
Median Age
24%
College-Educated
87%
High-School Grad
1.8 sq mi
ZIP Area
12,630
Density / Sq Mi
$67,206
Median Household Income
$42,397
Median Earnings
$1,659
Median Rent
$515,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two three-story residences offer open layouts, private parking, in-unit laundry hookups, and updated kitchens.
Where is this duplex located?
The property is located at 67-69 Sanford Street Boston, MA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two‑family side‑by‑side layout at 67‑69 Sanford Street; Each unit has 3 story, 3 bedroom, 2.5 bathroom configuration; 3,074 square feet; built in 2022
