Well-Maintained Two-Family
For Sale
$949,000
109 Cleveland Ave, Everett, MA 02149
Two-family home with separate utilities, updated electrical, vinyl siding, replacement windows, and a two-car garage.
Property Size3,292 SF
Price / SF$288.27
Days on Market98
Property Features for 109 Cleveland Ave
General Information
Standard status
Active
Size
3,292 SF
Property subtype
Multi-Family
Building Details
Year Built
1910
Listing Agency:
Pena Realty Corporation
Listed By:
Maria Pena
(617) 201-0030
Source:
Gooddeedsrealtypartners
Added: Jul 20
Changed: Oct 17
Last Checked: Oct 7 at 4:22PM
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 Pena Realty Corporation
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Well-maintained two-family duplex in the West Everett neighborhood. Unit 1 features 3 bedrooms, a tiled kitchen, a living room/dining room, and 1 full tiled bath, with hardwood floors throughout and gas heat. Unit 2 is a spacious two-leveled layout offering 5 bedrooms, 1 full bath, and hardwood floors throughout, with oil heat. The property also includes separate utilities, updated electrical service and panels, vinyl siding, replacement windows, a two-car garage, off-street driveway parking, and a sized backyard.
The home is described as conveniently located near public transportation, schools, shopping, restaurants, parks, and major highways, supporting flexible occupancy or rental use.
Both units have interior living space configured for separate household use, with the property’s separate utility setup intended to support day-to-day independence between tenants or generations.
The home is described as conveniently located near public transportation, schools, shopping, restaurants, parks, and major highways, supporting flexible occupancy or rental use.
Both units have interior living space configured for separate household use, with the property’s separate utility setup intended to support day-to-day independence between tenants or generations.
Key Highlights
- 1910‑built two‑family home in West Everett with 2 units and a 2‑car garage
- Unit 1: 3 bedrooms, tiled kitchen, living room/dining room, and 1 full tiled bath; gas heat
- Unit 2: two levels with 5 bedrooms, 1 full bath, and hardwood flooring throughout; oil heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,660
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,393,200
$1.4M
Cap Rate 7%
$995,143
$995.1K
Cap Rate 9%
$774,000
$774.0K
Market Conditions
NOI Build-Up for 3,292 SF
Gross rent
$104.7K $31.80/SF
− Vacancy
−$5.2K −$1.57/SF
EGI
$99.5K $30.23/SF
− OpEx
−$29.9K −$9.07/SF
NOI
$69.7K $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%
$1,393,200
Cap Rate 7%
$995,143
Cap Rate 9%
$774,000
Alternative Uses
Best Use
Multifamily LT 5
$995.1K
$870.8K – $1.16M
NOI $69,660 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$935.7K
$818.8K – $1.09M
NOI $65,500 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$1.95M
$1.71M – $2.27M
NOI $136,420 @ 7.0% cap · market cap 14.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,862
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family home with separate utilities, updated electrical, vinyl siding, replacement windows, and a two-car garage.
Where is this duplex located?
The property is located at 109 Cleveland Ave Everett, MA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 1910‑built two‑family home in West Everett with 2 units and a 2‑car garage; Unit 1: 3 bedrooms, tiled kitchen, living room/dining room, and 1 full tiled bath; gas heat; Unit 2: two levels with 5 bedrooms, 1 full bath, and hardwood flooring throughout; oil heat
