Two-Family Residential Income
For Sale
$849,000
Pending
71 Tyler St, Boston, MA 02136
Well-maintained two-unit duplex with a fenced backyard and off-street driveway parking.
Property Size2,016 SF
Days on Market54
Property Features for 71 Tyler St
General Information
Standard status
Pending
Size
2,016 SF
Property subtype
2 Family - 2 Units Up/Down
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Building Details
Building Size
2,016 SF
Year Built
1946
Listing Agency:
Cornerstone Real Estate
(617) 238-7400
Listed By:
Adam Sarbaugh · License #449535008
(617) 238-7406
Source:
Iverty
Added: Jul 22
Changed: Sep 12
Last Checked: Sep 12 at 5:35AM
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 Cornerstone Real Estate
Investment Insights
Based on property information with market context.
This well-maintained two-family residential property is configured as a duplex. The first unit offers 3 bedrooms and 1 full bathroom with a spacious, functional layout. The second unit features 2 bedrooms and 1 full bathroom, providing an additional rental-ready arrangement.
The home is located in Boston’s Fairmount Hill neighborhood on a quiet, tree-lined street. The listing notes convenient access to downtown via the Fairmount Commuter Rail line.
Outside, the property includes a large fenced-in backyard and off-street driveway parking, supporting everyday convenience and outdoor use for both units.
The home is located in Boston’s Fairmount Hill neighborhood on a quiet, tree-lined street. The listing notes convenient access to downtown via the Fairmount Commuter Rail line.
Outside, the property includes a large fenced-in backyard and off-street driveway parking, supporting everyday convenience and outdoor use for both units.
Key Highlights
- Well‑maintained two‑family property built in 1946 in the Fairmount Hill neighborhood of Hyde Park
- Unit 1: spacious 3‑bedroom, 1‑bath duplex layout
- Unit 2: 2‑bedroom, 1 full bath for rental income or extended‑family living
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
$50,943
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
6.00%
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%
$1,018,860
$1.0M
Cap Rate 7%
$727,757
$727.8K
Cap Rate 9%
$566,033
$566.0K
Market Conditions
NOI Build-Up for 2,016 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
$76.2K $37.80/SF
− Vacancy
−$3.4K −$1.70/SF
EGI
$72.8K $36.10/SF
− OpEx
−$21.8K −$10.83/SF
NOI
$50.9K $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%
$1,018,860
Cap Rate 7%
$727,757
Cap Rate 9%
$566,033
Alternative Uses
Best Use
Multifamily LT 5
$727.8K
$636.8K – $849.1K
NOI $50,943 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$676.6K
$592.0K – $789.3K
NOI $47,360 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,671 @ 7.0% cap · market cap 12.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
Explore this area
Business Placement
Demographics for 02136, MA
35,102
Population
14,031
Households
2.5
Avg Household Size
39
Median Age
32%
College-Educated
88%
High-School Grad
4.6 sq mi
ZIP Area
7,631
Density / Sq Mi
$96,862
Median Household Income
$50,793
Median Earnings
$1,772
Median Rent
$566,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-unit duplex with a fenced backyard and off-street driveway parking.
Where is this duplex located?
The property is located at 71 Tyler St Boston, MA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Well‑maintained two‑family property built in 1946 in the Fairmount Hill neighborhood of Hyde Park; Unit 1: spacious 3‑bedroom, 1‑bath duplex layout; Unit 2: 2‑bedroom, 1 full bath for rental income or extended‑family living
