This work proposes a non-islanded cogeneration energy management center (EMC) that can be used to displace grid-level natural gas turbine systems and natural gas combustion systems for heat. The design of the proposed EMC included a weighted multi-objective optimization aimed at minimizing: i) natural gas consumption; ii) capital costs; iii) utility costs; and iv) unmet thermal demand. The decision variables consisted of the existence and capacity of the equipment comprising the EMC, including: i) a natural gas boiler; ii) an internal combustion engine that generates heat and electricity; and iii) a hot water thermal storage system. Four resulting candidates EMC designs were then compared with the status-quo (SQ) in an eco-technoeconomic analysis; The SQ draws electricity from the grid and heating for dwellings come from natural gas boilers. Emissions at grid level change which alternative is favored. The findings showed that, for a system that serves 4–5 dense urban city blocks over a 20-year lifetime, the SQ system had cumulative levelized costs of 9.6 million USD for the final consumer, while the levelized costs of the EMC designs ranged from 12.9 to 15.1 million USD. In terms of emissions, the SQ emitted 959 tonnes of CO2eq per year, while the EMC system produced around 500 tonnes of CO2eq per year depending on the year, yielding a CCA varying between 364 and 653 USD/tonneCO2eq