Building Details

Year Built 1925

Listing Agency: Keller Williams Realty

Listed By: Wilson Group Show Phone

Source: Benoitrealestate

Added: Aug 4 Changed: Oct 11 Last Checked: Oct 14 at 11:29PM

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Investment Insights

Based on property information with market context.

Built in 1925, this 2,626-square-foot duplex contains two three-bedroom, one-bath residences. Each unit includes an eat-in kitchen and living room, while Unit 1 has hardwood flooring. A private front balcony serves Unit 2, and the property also includes a shared rear deck, basement storage, and a finished bonus room. One-car off-street parking is provided.

Unit 1 is vacant, while Unit 2 is occupied on a month-to-month tenancy. The property is being sold as-is. Chelsea Station is 1.1 miles away, and Encore Boston Harbor is 2.6 miles from the property. The proposed New England Revolution soccer stadium is also 2.6 miles away.

Key Highlights

• 2,626‑square‑foot duplex with two 3 bed/1 bath units
• Unit 1 is vacant; Unit 2 is rented month‑to‑month
• Unit 2 includes a private front balcony and shared rear deck

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$55,567

Cap Rate

6.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,111,340 $1.1M

Cap Rate 7%

$793,814 $793.8K

Cap Rate 9%

$617,411 $617.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,626 SF

Gross rent

$83.5K $31.80/SF

− Vacancy

−$4.1K −$1.57/SF

EGI

$79.4K $30.23/SF

− OpEx

−$23.8K −$9.07/SF

NOI

$55.6K $21.16/SF

Area

Middlesex County, MA

Vacancy

4.94%

Lease Rate

$31.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,111,340

Cap Rate 7%

$793,814

Cap Rate 9%

$617,411

Alternative Uses

Best Use

Multifamily LT 5

$793.8K

$694.6K – $926.1K (±1% cap)

NOI $55,567 @ 7.0% cap · market cap 6.95%

Second Best

Apartment 5plus

$746.4K

$653.1K – $870.8K (±1% cap)

NOI $52,249 @ 7.0% cap · market cap 6.54%

Theoretical Best

Office A

$1.55M

$1.36M – $1.81M (±1% cap)

NOI $108,821 @ 7.0% cap · market cap 13.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Skin Care Clinic Acupuncture Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,316

Businesses Nearby

Explore this area Business Placement

Demographics for 02149, MA

49,075

Population

18,541

Households

2.6

Avg Household Size

35

Median Age

23%

College-Educated

80%

High-School Grad

3.4 sq mi

ZIP Area

14,434

Density / Sq Mi

$79,658

Median Household Income

$40,836

Median Earnings

$1,988

Median Rent

$605,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two residential units offer separate living spaces, eat-in kitchens, basement storage, and off-street parking.

Where is this duplex located?

The property is located at 10 Fremont Avenue Everett, MA.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: 2,626‑square‑foot duplex with two 3 bed/1 bath units; Unit 1 is vacant; Unit 2 is rented month‑to‑month; Unit 2 includes a private front balcony and shared rear deck