Multifamily Property in
8 Weldon Street, Boston, MA 02121
Two-family in a three-family zone, delivered vacant.
Type:Multi-family / 2 Family
Property size:
2,422 SFPrice / SF:
$288/SF- Added:
- Oct 4, 2025
- Days on Market:
- 243
- Last Refresh:
- Mar 13 at 11:58 am
Property Features for 8 Weldon Street
General Information
- Standard status
- Active
- Size
- 2,422 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1880
Listing agent The Vici Group (617) 320-7177
Listing office Shore Real Estate LLC (617) 320-7177
Listing date Oct 4, 2025
Source Compass
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
HighLights
- New roof including plywood, soffits, and gutters.
- Two‑family home in a three‑family zone.
- Basement with potential for additional living space or unit (with city approval) due to tall ceilings, full‑sized windows, and walkout.
- Delivered vacant.
- 6‑8 bedrooms and 3.5 bathrooms.
- Full, partially finished basement.
Overview
This two-family property, located in a three-family zone, features a new roof, including plywood, soffits, and gutters. The basement offers potential for additional living space or a separate unit, subject to city approval, due to its high ceilings, full-sized windows, and walkout access. The property includes 6 to 8 bedrooms and 3.5 bathrooms, with one full bathroom located in the basement. The building has a total size of 2,422 square feet. The property will be delivered vacant and is being sold in "as is" condition, requiring renovation. A separate lot with a 3-car garage, consisting of 1,640 square feet of land, is excluded from the price but is available for purchase in conjunction with the property. Cash or hard money only.
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 | $91.6k | $37.80 |
| − Vacancy | −$4.1k | −$1.70 |
| EGI | $87.4k | $36.10 |
| − OpEx | −$26.2k | −$10.83 |
| NOI | $61.2k | $25.27 |
2,422 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$874.3K
$765.0K – $1.02M
NOI $61,202 @ 7.0% cap · market cap 8.74%
Second Best
Apartment 5plus
$812.8K
$711.2K – $948.3K
NOI $56,898 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$1.81M
$1.59M – $2.12M
NOI $126,952 @ 7.0% cap · market cap 18.14%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Boston
- County
- Suffolk
- State
- Massachusetts
- Longitude
- -71.0818312
- Latitude
- 42.3155373
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-family in a three-family zone, delivered vacant.
Where is this duplex located?
The property is located at 8 Weldon Street Boston, MA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: New roof including plywood, soffits, and gutters.; Two‑family home in a three‑family zone.; Basement with potential for additional living space or unit (with city approval) due to **tall ceilings, full‑sized windows, and walkout**.
