Two-Unit Duplex with
New
For Sale
$799,000
10 Fremont Ave, Everett, MA 02149
Residential Income, Everett, MA
Property Size2,626 SF
Lot Size0.11 Acres
Price / SF$304.27
Days on Market4
Property Features for 10 Fremont Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Unkown
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 3, Bedroom 2
Parking
1
Directions
Woodlawn to Fremont. Please use GPS
Standard status
Active
APN
485015
Size
2,626 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8473
Amenities
private front balcony
shared rear deck
basement storage
bonus finished room
hardwood floors
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams Realty
(617) 969-9000
Listed By:
Keller Williams
(617) 969-9000
Added: Aug 27
Changed: Aug 29
Last Checked: Aug 30 at 1:06AM
MLS# 73569016
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,626-square-foot duplex, built in 1925, contains two three-bedroom, one-bath residences. Both units offer eat-in kitchens and bright living areas, while the lower level provides additional storage and a finished bonus room. Hardwood flooring is installed throughout Unit 1, which is vacant and available for occupancy, renovation, or new tenancy. Unit 2 is leased month-to-month and includes a private front balcony; residents also have access to a shared rear deck. One off-street parking space is included, and the property is being sold as-is.
The home sits 2.6 miles from Encore Boston Harbor and the proposed New England Revolution soccer stadium, with Chelsea Station 1.1 miles away. Its Everett setting provides access to nearby commuter transportation and regional employment and entertainment destinations.
The home sits 2.6 miles from Encore Boston Harbor and the proposed New England Revolution soccer stadium, with Chelsea Station 1.1 miles away. Its Everett setting provides access to nearby commuter transportation and regional employment and entertainment destinations.
Key Highlights
- 2,626‑square‑foot duplex with two 3‑bedroom, 1‑bath units
- Unit 1 is vacant; Unit 2 is leased month‑to‑month
- Private front balcony and shared rear deck
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,567
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,111,340
$1.1M
Cap Rate 7%
$793,814
$793.8K
Cap Rate 9%
$617,411
$617.4K
Market Conditions
NOI Build-Up for 2,626 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $55,567 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$746.4K
$653.1K – $870.8K
NOI $52,249 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,821 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-story income property with separate residences, flexible occupancy, shared outdoor space, and off-street parking.
Where is this duplex located?
The property is located at 10 Fremont Ave 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‑bedroom, 1‑bath units; Unit 1 is vacant; Unit 2 is leased month‑to‑month; Private front balcony and shared rear deck
