Duplex with Detached
New
For Sale
$1,049,000
109 Bucknam St, Everett, MA 02149
Updated two-family property with flexible interior space, basement volume, and a detached garage.
Property Size3,396 SF
Price / SF$308.53
Days on Market2
Property Features for 109 Bucknam St
General Information
Standard status
Active
Size
3,396 SF
Total Parking Spaces
4
Property subtype
Multifamily
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,483
Building Details
Building Size
3,396 SF
Year Built
1905
Listing Agency:
Colarusso Realty
(617) 960-7731
Listed By:
Alexander Colarusso
Source:
Classifiedrealtygroup
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 14 at 7:20AM
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 Colarusso Realty
Investment Insights
Based on property information with market context.
This Everett, Massachusetts duplex was built in 1905 and offers approximately 3,400 sq ft of finished space across a two-family layout. The interior includes generously sized rooms, a flexible configuration, and updates throughout. Additional unfinished space provides room for customization, subject to applicable requirements.
The basement features 8–9-foot ceilings and adds substantial usable volume for storage, recreation, or other future applications. A detached garage contributes separate utility and versatility. The property has remained with the same family for over 60 years.
The basement features 8–9-foot ceilings and adds substantial usable volume for storage, recreation, or other future applications. A detached garage contributes separate utility and versatility. The property has remained with the same family for over 60 years.
Key Highlights
- Duplex property with approximately 3,400 sq ft of finished space
- Two‑family layout with generously sized rooms and flexible configuration
- Basement includes 8–9‑foot ceilings
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
$71,945
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
6.86%
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%
$1,438,900
$1.4M
Cap Rate 7%
$1,027,786
$1.0M
Cap Rate 9%
$799,389
$799.4K
Market Conditions
NOI Build-Up for 3,400 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
$108.1K $31.80/SF
− Vacancy
−$5.3K −$1.57/SF
EGI
$102.8K $30.23/SF
− OpEx
−$30.8K −$9.07/SF
NOI
$71.9K $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%
$1,438,900
Cap Rate 7%
$1,027,786
Cap Rate 9%
$799,389
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$899.3K – $1.20M
NOI $71,945 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$966.4K
$845.6K – $1.13M
NOI $67,649 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$2.01M
$1.76M – $2.35M
NOI $140,895 @ 7.0% cap · market cap 13.43%
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
1,632
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 - Updated two-family property with flexible interior space, basement volume, and a detached garage.
Where is this duplex located?
The property is located at 109 Bucknam St Everett, MA.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Duplex property with approximately 3,400 sq ft of finished space; Two‑family layout with generously sized rooms and flexible configuration; Basement includes 8–9‑foot ceilings
