20-22 Highgate St Boston — Photo 1 of 36
Recent Drop: $249,000
$2,400,000
Investment Analysis — 20-22 Highgate St
Boston, MA 02134 — Allston
Based on rent reported on the MLS listing, a 2-unit multi-family in 02134 carries $17,383/mo in gross rent — about a 5.61% cap rate and $134,561/yr in estimated NOI at the $2,400,000 list price. Adjust every assumption in the calculator below.
Beds
16
Baths
6
SqFt
5,010
Style
2 Family - 2 Units Side by Side
Built
1885
Rare value add and redevelopment opportunity in the heart of Allston. This side by side two family offers 16 bedrooms, 6 baths, 6 off street parking spaces, and a large basement with exceptional ceiling height on a 5,951 SF R2 lot. Both units are generating $17,383/month, or $208,596/year, in gross rental income. All utilities are tenant paid. The property offers significant income upside, with potential gross rental income of approximately $240,000/year. Ideal for investors seeking immediate cash flow while pursuing future value add or redevelopment opportunities. Positioned steps from BU, the Green Line, Barry’s Corner, Harvard’s Enterprise Research Campus, the $2B Allston Multimodal Project, and Harvard’s planned 358 acre expansion, placing the property in one of Boston’s most compelling long term investment corridors. Pro forma available upon request. Pro forma available upon request.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Property History
$2,400,000
Was $2,549,000
Sep 9, 2026
MLS® 73529505
$2,549,000
Was $2,649,000
Jul 6, 2026
MLS® 73529505
$2,649,000
Jun 3, 2026
MLS® 73529505
Listing Agent: Waypoint Realty Group
Listing Office: Coldwell Banker Realty - Boston
MLS® Number: 73529505
