Two-Family Residential Income
988 Morton St Boston, MA 02126
988 Morton St, Boston, MA, 02126
$849,000
For Sale
$849,000
Two-family residence with off-street parking for four cars, vinyl siding (2017), and basement living space not recognized by the tax assessor.
Property Size2,988 SF
Price / SF$284.14
Days on Market91
Property Features for 988 Morton St
General Information
- Standard status
- Active
- Size
- 2,988 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1920
Listing agency
Bostonia Properties
(617) 418-9882
Listed by
Kate Duggan
(617) 418-9882
Source
Alliancepartnersre
Added: Apr 23 Updated: Jul 21 at 8:07AM Checked: Jul 21 at 8:07AM
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 Bostonia Properties
Investment Insights
Based on property information with market context.
This two-family residential income property offers a straightforward layout with large rooms for both units. Vinyl siding was installed in 2017, and the home is heated with gas forced air. Ductwork is already in place, providing a straightforward path to add central air conditioning. Additional living space is located in the basement and is not recognized by the tax assessor.
The property includes off-street parking for four cars and rear exterior porches for units 1 and 2. It also provides easy access to public transportation and Route 93, supporting convenient everyday commuting.
Overall, the building is designed for low-maintenance ownership while maintaining flexible living space across the units and an added basement area.
The property includes off-street parking for four cars and rear exterior porches for units 1 and 2. It also provides easy access to public transportation and Route 93, supporting convenient everyday commuting.
Overall, the building is designed for low-maintenance ownership while maintaining flexible living space across the units and an added basement area.
Key Highlights
- Two‑family residence built in 1920 in Dorchester Lower Mills
- Vinyl siding installed in 2017 for low‑maintenance exterior
- Gas forced‑air heat with ductwork in place (room to add central air)
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 | $112.9k | $37.80 |
| − Vacancy | −$5.1k | −$1.70 |
| EGI | $107.9k | $36.10 |
| − OpEx | −$32.4k | −$10.83 |
| NOI | $75.5k | $25.27 |
2,988 SF · lease $37.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$943.8K – $1.26M
NOI $75,505 @ 7.0% cap · market cap 8.89%
Second Best
Apartment 5plus
$1.00M
$877.4K – $1.17M
NOI $70,194 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,619 @ 7.0% cap · market cap 18.45%
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 residence with off-street parking for four cars, vinyl siding (2017), and basement living space not recognized by the tax assessor.
Where is this duplex located?
The property is located at 988 Morton 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: Two‑family residence built in 1920 in Dorchester Lower Mills; Vinyl siding installed in 2017 for low‑maintenance exterior; Gas forced‑air heat with ductwork in place (room to add central air)
