Two-Unit Duplex with
For Sale
$599,900
101 Oak Island St, Revere, MA 02151
Two residential units feature matching two-bedroom, one-bath layouts and separate living spaces.
Property Size1,756 SF
Price / SF$341.63
Days on Market81
Property Features for 101 Oak Island St
General Information
Standard status
Active
Size
1,756 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Zoning
NB
Net Operating Income
$25,800
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,346
Building Details
Building Size
1,756 SF
Year Built
1940
Buildings
1
Stories
2
Listing Agency:
REMAX Executive Realty
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jun 12
Changed: Aug 31
Last Checked: Aug 31 at 1:50PM
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 REMAX Executive Realty
Investment Insights
Based on property information with market context.
This 1,756-square-foot duplex, built in 1940, contains two residential units with matching two-bedroom, one-bath configurations. The first-floor residence is vacant, while the second-floor unit is occupied by a tenant-at-will. The property also includes a functional kitchen in the first-floor unit, a private driveway, and off-street parking for two vehicles.
Located at 101 Oak Island St in Revere, the property is within walking distance of Revere Beach and near MBTA bus transportation. The site includes a generously sized backyard for outdoor use. NB zoning is identified for the property.
Located at 101 Oak Island St in Revere, the property is within walking distance of Revere Beach and near MBTA bus transportation. The site includes a generously sized backyard for outdoor use. NB zoning is identified for the property.
Key Highlights
- Two‑unit duplex with 1,756 SF of building area
- Both units offer 2 bedrooms and 1 bathroom
- First‑floor unit is vacant; second‑floor unit is occupied by a tenant‑at‑will
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
$33,454
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
5.58%
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%
$669,080
$669.1K
Cap Rate 7%
$477,914
$477.9K
Cap Rate 9%
$371,711
$371.7K
Market Conditions
NOI Build-Up for 1,756 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
$50.6K $28.80/SF
− Vacancy
−$2.8K −$1.58/SF
EGI
$47.8K $27.22/SF
− OpEx
−$14.3K −$8.16/SF
NOI
$33.5K $19.05/SF
Area
Suffolk County, MA
Vacancy
5.50%
Lease Rate
$28.80 /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%
$669,080
Cap Rate 7%
$477,914
Cap Rate 9%
$371,711
Alternative Uses
Best Use
Multifamily LT 5
$477.9K
$418.2K – $557.6K
NOI $33,454 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$435.8K
$381.3K – $508.4K
NOI $30,504 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$1.04M
$909.6K – $1.21M
NOI $72,768 @ 7.0% cap · market cap 12.13%
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
242
Businesses Nearby
Explore this area
Business Placement
Demographics for 02151, MA
62,252
Population
23,461
Households
2.7
Avg Household Size
38
Median Age
25%
College-Educated
83%
High-School Grad
5.7 sq mi
ZIP Area
10,921
Density / Sq Mi
$80,948
Median Household Income
$43,374
Median Earnings
$1,964
Median Rent
$566,200
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 residential units feature matching two-bedroom, one-bath layouts and separate living spaces.
Where is this duplex located?
The property is located at 101 Oak Island St Revere, MA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,756 SF of building area; Both units offer 2 bedrooms and 1 bathroom; First‑floor unit is vacant; second‑floor unit is occupied by a tenant‑at‑will
