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Investment Highlights

  • Corner lot
  • Near Harvard Business School and Boston University
  • Public Transit
  • Updated units with newer windows
  • Easy highway access
  • Potential to expand in existing envelope

Executive Summary

Rare opportunity to acquire a substantial two-family property in the rapidly evolving Lower Allston market. Currently generating $11,000/month in gross rental income, this approximately 4,384 SF property features a total of 10 bedrooms and 4 bathrooms, offering strong cash flow potential with possible condo conversion or future expansion opportunities to add additional living area and bathrooms. The property features updated kitchens and baths, hardwood floors, replacement windows, and spacious layouts across both units. Conveniently positioned near Harvard Business School, Boston University, and numerous other colleges and employers, with easy access to I-90, Storrow Drive, multiple bus routes, and both the Green and Red Lines. Ongoing expansion along Western Ave, including major life science and mixed-use developments, continues to transform the surrounding area. Fenced yard, basement for storage or potential expansion and coin-op laundry in the basement that produces extra income.

Financial Summary (Actual - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,750,000
Price Per Unit $875,000
Sale Type Investment
Cap Rate 5.25%
No. Units 2
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Low-Rise
Building Size 4,384 SF
Average Occupancy 100%
No. Stories 3
Year Built 1900
Zoning R2

Amenities

Unit Amenities

  • Dishwasher
  • Disposal
  • Microwave
  • Storage Space
  • Washer/Dryer
  • Tile Floors
  • Kitchen
  • Granite Countertops
  • Hardwood Floors
  • Refrigerator
  • Stainless Steel Appliances
  • Range
  • Walk-In Closets
  • Basement
  • Mud Room
  • Pantry
  • Large Bedrooms

Site Amenities

  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
10+4 2 - -
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
70/100
  • Listing ID: 40446664

  • Date on Market: 5/7/2026

  • Last Updated:

  • Address: 10 Royal St, Boston, MA 02134

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