Two-Family Duplex with Tandem
10 Highland Terrace Marblehead, MA 01945
For Sale
$790,000
Pending
Well-maintained two-unit duplex with two bedrooms per unit, eat-in kitchens, hardwood floors, and a fenced patio.
Property Size2,010 SF
Days on Market25
Property Features for 10 Highland Terrace
General Information
- Standard status
- Pending
- Size
- 2,010 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1930
Listing Agency:
RE/MAX Beacon
(617) 610-3212
Listed By:
Emily Gaffney
(617) 610-3212
Source:
Lockandkeyre
Added: Jun 30
Changed: Jul 23
Last Checked: Jul 23 at 1:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Beacon
Investment Insights
Based on property information with market context.
This well-maintained two-family duplex offers two units, each featuring two bedrooms, a spacious eat-in kitchen, hardwood floors, and stainless steel appliances. The property includes a fenced backyard patio with decorative pavers and a garden area. Additional exterior improvements noted include newer windows, doors, and a newer roof, along with tandem parking for up to four cars.
The property is conveniently located near shopping, restaurants, and public transportation.
Each unit is designed for comfortable everyday living with the same functional layout elements throughout, including two-bedroom configurations and eat-in kitchen space. The outdoor patio and garden area provide an added residential amenity, while tandem parking supports off-street vehicle storage for residents.
The property is conveniently located near shopping, restaurants, and public transportation.
Each unit is designed for comfortable everyday living with the same functional layout elements throughout, including two-bedroom configurations and eat-in kitchen space. The outdoor patio and garden area provide an added residential amenity, while tandem parking supports off-street vehicle storage for residents.
Key Highlights
- Well‑maintained two‑family duplex built in 1930 with 2 bedrooms per unit
- Each unit features an eat‑in kitchen, hardwood floors, and stainless steel appliances
- Fenced backyard patio with decorative pavers and a garden area
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.7k | $25.20 |
| − Vacancy | −$2.3k | −$1.13 |
| EGI | $48.4k | $24.07 |
| − OpEx | −$14.5k | −$7.22 |
| NOI | $33.9k | $16.85 |
2,010 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$483.7K
$423.3K – $564.4K
NOI $33,861 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$436.6K
$382.1K – $509.4K
NOI $30,565 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,294 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained two-unit duplex with two bedrooms per unit, eat-in kitchens, hardwood floors, and a fenced patio.
Where is this duplex located?
The property is located at 10 Highland Terrace Marblehead, MA.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Well‑maintained two‑family duplex built in 1930 with 2 bedrooms per unit; Each unit features an eat‑in kitchen, hardwood floors, and stainless steel appliances; Fenced backyard patio with decorative pavers and a garden area
