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    536 Broadway Everett, MA 02149

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    For Sale
    $5,980,000

    Freestanding, fully renovated 15-unit building near Boston.

    Lot size:
    0.18 Acres

    Property Features for 536 Broadway

    General Information

    Lot size
    0.18 Acres

    Building Details

    Year built
    1910

    Source: Gibson Sotheby's International Realty Agent Melody Golestani

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Multifamily Building in Everett

    This freestanding, 15-unit brick building was fully gut renovated in 2024. The all-electric property is fully stabilized, generating a gross annual income of $468,564. The unit mix includes 7 two-bedroom units, 6 one-bedroom units, 1 loft, and 1 studio, totaling 22 beds and 22 baths. Each unit is equipped with separate heating and air conditioning, hot water, and in-unit laundry. Modern finishes include stainless steel appliances, quartz countertops, LVT flooring, and porcelain-tiled showers with glass enclosures. The building features 800 amp electrical service, an energy-efficient TPO roof, an intercom system, security cameras, and high-speed internet access in each unit. Located in a vibrant area, the classical revival-style building offers convenient access to restaurants and shops. Free shuttles to the Market and Casino are available, and Boston and the airport are just minutes away. A bus stop and bike share are located next to the building. This turnkey property offers strong cash flow, high occupancy, low maintenance, and long-term value in a top Greater Boston submarket.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0533158
    Latitude
    42.4099198

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    FAQs

    What type of property is this?
    Apartment building - Freestanding, fully renovated 15-unit building near Boston.
    Where is this apartment building located?
    The property is located at 536 Broadway Everett, MA.
    What is the asking price?
    The asking price for this property is $5,980,000.
    What are key features of this property?
    This property features: - Fully renovated in 2024 with modern finishes including stainless steel appliances, quartz countertops, LVT flooring, and porcelain-tiled showers.; - Freestanding 15-unit brick building with a gross annual income of $468,564.; - Each unit has separate Heat/AC, H/W, and in-unit laundry.
    (617) 356-7799
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    536 Broadway Everett, MA 02149
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    Everett, MA 02149
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    536 Broadway Everett, MA 02149
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