Two-Unit Duplex with Private
New
For Sale
$1,099,000
801-1/2 E 3rd St, Boston, MA 02127
Two levels offer separate living areas, eat-in kitchens, and a fenced outdoor space.
Property Size1,566 SF
Days on Market6
Property Features for 801-1/2 E 3rd St
General Information
Standard status
Active
Size
1,566 SF
Property subtype
Multi Family
Site & Location
Neighborhood
South Boston
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,214
Building Details
Building Size
1,566 SF
Year Built
1890
Listing Agency:
Joyce Lebedew Real Estate
Listed By:
Joyce Lebedew · License #9048309
(617) 594-1449
Source:
Madelyngarciarealestate
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 24 at 11:43PM
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 Joyce Lebedew Real Estate
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Investment Insights
Based on property information with market context.
This 1,566-square-foot duplex dates to 1890 and contains 8 rooms, 4 bedrooms, and 2 bathrooms. Each level has a front living area, a second living or dining room, and an eat-in kitchen with rear-facing windows. Hardwood floors, traditional woodwork, an original staircase, and a tiled entry retain period details. The property has most recently been used as a single-family home. A full basement provides storage, and a fenced patio sits outside.
The home is in Boston’s City Point area, near Castle Island, Pleasure Bay, M Street Beach, Marine Park, and East Broadway shops and restaurants.
The home is in Boston’s City Point area, near Castle Island, Pleasure Bay, M Street Beach, Marine Park, and East Broadway shops and restaurants.
Key Highlights
- Duplex with 8 rooms, 4 bedrooms, and 2 bathrooms
- 1,566 square feet; built in 1890
- Two levels, each with living areas and an eat‑in kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,572
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$791,440
$791.4K
Cap Rate 7%
$565,314
$565.3K
Cap Rate 9%
$439,689
$439.7K
Market Conditions
NOI Build-Up for 1,566 SF
Gross rent
$59.2K $37.80/SF
− Vacancy
−$2.7K −$1.70/SF
EGI
$56.5K $36.10/SF
− OpEx
−$17.0K −$10.83/SF
NOI
$39.6K $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%
$791,440
Cap Rate 7%
$565,314
Cap Rate 9%
$439,689
Alternative Uses
Best Use
Multifamily LT 5
$565.3K
$494.7K – $659.5K
NOI $39,572 @ 7.0% cap · market cap 3.60%
Second Best
Apartment 5plus
$525.6K
$459.9K – $613.2K
NOI $36,789 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,083 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,087
Businesses Nearby
Explore this area
Business Placement
Demographics for 02127, MA
37,939
Population
19,495
Households
1.9
Avg Household Size
31
Median Age
69%
College-Educated
95%
High-School Grad
2.1 sq mi
ZIP Area
18,066
Density / Sq Mi
$156,373
Median Household Income
$85,444
Median Earnings
$2,435
Median Rent
$858,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two levels offer separate living areas, eat-in kitchens, and a fenced outdoor space.
Where is this duplex located?
The property is located at 801-1/2 E 3rd St Boston, MA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Duplex with 8 rooms, 4 bedrooms, and 2 bathrooms; 1,566 square feet; built in 1890; Two levels, each with living areas and an eat‑in kitchen
