2-Unit Duplex with Updated
For Sale
$899,900
11 Harvard St, Everett, MA 02149
A vacant owner’s residence and a leased three-bedroom apartment provide separate living and rental configurations.
Property Size1,911 SF
Price / SF$470.91
Days on Market12
Property Features for 11 Harvard St
General Information
Standard status
Active
Size
1,911 SF
Total Parking Spaces
6
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,088
Amenities
in-unit laundry
Building Details
Year Renovated
2020
Buildings
1
Listing Agency:
Mayflower Realty Group
Listed By:
James Gattuso
(978) 604-2491
Source:
Exprealty
Added: Oct 6
Changed: Oct 16
Last Checked: Oct 16 at 2:19PM
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 Mayflower Realty Group
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Investment Insights
Based on property information with market context.
This 1,911-SF duplex contains two three-bedroom residences. The owner’s unit is vacant and arranged over two levels, with an open living and dining area, second-floor bedrooms, in-unit laundry, and a custom shower. The other apartment is occupied by a long-term tenant.
A comprehensive renovation in 2020 included new insulation, windows, decks, siding, roofing, electrical, plumbing, and HVAC systems. The work was completed with permits, and the property has been de-leaded. Six off-street parking spaces serve the building. The property is at 11 Harvard St in Everett, near public transportation and Route 16.
A comprehensive renovation in 2020 included new insulation, windows, decks, siding, roofing, electrical, plumbing, and HVAC systems. The work was completed with permits, and the property has been de-leaded. Six off-street parking spaces serve the building. The property is at 11 Harvard St in Everett, near public transportation and Route 16.
Key Highlights
- Two three‑bedroom residences, including a vacant owner’s unit and a tenant‑occupied apartment
- 1,911 SF duplex
- Renovated in 2020 with new insulation, windows, decks, siding, and roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,437
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,740
$808.7K
Cap Rate 7%
$577,671
$577.7K
Cap Rate 9%
$449,300
$449.3K
Market Conditions
NOI Build-Up for 1,911 SF
Gross rent
$60.8K $31.80/SF
− Vacancy
−$3.0K −$1.57/SF
EGI
$57.8K $30.23/SF
− OpEx
−$17.3K −$9.07/SF
NOI
$40.4K $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%
$808,740
Cap Rate 7%
$577,671
Cap Rate 9%
$449,300
Alternative Uses
Best Use
Multifamily LT 5
$577.7K
$505.5K – $674.0K
NOI $40,437 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$543.2K
$475.3K – $633.7K
NOI $38,022 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$1.13M
$989.9K – $1.32M
NOI $79,191 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,426
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A vacant owner’s residence and a leased three-bedroom apartment provide separate living and rental configurations.
Where is this duplex located?
The property is located at 11 Harvard St Everett, MA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Two three‑bedroom residences, including a vacant owner’s unit and a tenant‑occupied apartment; 1,911 SF duplex; Renovated in 2020 with new insulation, windows, decks, siding, and roof
