Two-Family Residential Income
98 Clare Avenue Boston, MA 02136
98 Clare Avenue, Boston, MA, 02136
$929,000
For Sale
$929,000
Two-family property with off-street parking, full basement, and a massive unfinished attic offering expansion or storage potential.
Property Size2,900 SF
Price / SF$320.34
Days on Market101
Property Features for 98 Clare Avenue
General Information
- Standard status
- Active
- Size
- 2,900 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1956
Listing agency
Real Broker MA,LLC
(617) 549-8542
Listed by
The Charles King Group
Source
Milburyre
Added: Apr 12 Updated: Jul 21 at 2:55PM Checked: Jul 21 at 2:55PM
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 Real Broker MA,LLC
Investment Insights
Based on property information with market context.
This two-family residential income property includes two units with flexible layouts. The design allows for the potential for three bedrooms in each unit, and the upper unit could be configured as a four-bedroom arrangement.
The property also features off-street parking, a full basement with impressive ceiling height, and a large unfinished attic that could support future expansion or additional storage. Located in Boston’s Hyde Park neighborhood at 98 Clare Avenue, the building is well suited for owner-occupancy with rental income or for an investor seeking a value-add multi-family opportunity.
With a full basement and an unfinished attic in place, the existing improvements provide practical space for added functionality and continued development of the property’s interior layout.
The property also features off-street parking, a full basement with impressive ceiling height, and a large unfinished attic that could support future expansion or additional storage. Located in Boston’s Hyde Park neighborhood at 98 Clare Avenue, the building is well suited for owner-occupancy with rental income or for an investor seeking a value-add multi-family opportunity.
With a full basement and an unfinished attic in place, the existing improvements provide practical space for added functionality and continued development of the property’s interior layout.
Key Highlights
- Two‑family property built in 1956 in Boston’s Hyde Park neighborhood
- Each unit has flexible layout potential for 3 bedrooms, with the upper unit potentially configured as a 4‑bedroom
- Off‑street parking included
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 | $109.6k | $37.80 |
| − Vacancy | −$4.9k | −$1.70 |
| EGI | $104.7k | $36.10 |
| − OpEx | −$31.4k | −$10.83 |
| NOI | $73.3k | $25.27 |
2,900 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$916.0K – $1.22M
NOI $73,281 @ 7.0% cap · market cap 7.89%
Second Best
Apartment 5plus
$973.2K
$851.6K – $1.14M
NOI $68,127 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $152,006 @ 7.0% cap · market cap 16.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family property with off-street parking, full basement, and a massive unfinished attic offering expansion or storage potential.
Where is this duplex located?
The property is located at 98 Clare Avenue Boston, MA.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: Two‑family property built in 1956 in Boston’s Hyde Park neighborhood; Each unit has flexible layout potential for 3 bedrooms, with the upper unit potentially configured as a 4‑bedroom; Off‑street parking included
