Two-Unit Residential Income
24-26 Thompson Street Amesbury, MA 01913
24-26 Thompson Street, Amesbury, MA, 01913
$725,000
For Sale
$725,000
Two well-appointed units offer kitchens, multiple living and dining areas, and a shared outdoor space, plus basement storage.
Property Size2,012 SF
Price / SF$360.34
Days on Market42
Property Features for 24-26 Thompson Street
General Information
- Standard status
- Active
- Size
- 2,012 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1880
Listing agency
Lamacchia Realty, Inc.
(978) 387-5608
Listed by
Marc Ouellet · License #452001111
(978) 387-5608
Source
Alliancepartnersre
Added: Jun 10 Updated: Jul 20 at 6:13PM Checked: Jul 20 at 6:13PM
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 Lamacchia Realty, Inc.
Investment Insights
Based on property information with market context.
This two-unit residential income property features two distinct, well-appointed living spaces. The first unit includes a spacious kitchen and dining area opening to a side porch, along with a pantry closet, recessed lighting, and a full bath with a linen closet. Living and dining areas include bright recessed lighting, and the unit offers two bedrooms with ample closet storage.
The second unit begins with an entryway leading to a bright living room with recessed lighting. It includes a kitchen with hardwood flooring and a pantry, a dedicated dining room, two bedrooms with ample closet space, and a full bath with in-unit laundry.
Both units are complemented by a good-sized backyard, and the basement provides additional storage space.
The second unit begins with an entryway leading to a bright living room with recessed lighting. It includes a kitchen with hardwood flooring and a pantry, a dedicated dining room, two bedrooms with ample closet space, and a full bath with in-unit laundry.
Both units are complemented by a good-sized backyard, and the basement provides additional storage space.
Key Highlights
- Two‑unit multi‑family home built in 1880 with kitchens in both units
- Unit 1 features a spacious kitchen and dining area with side porch access, plus recessed lighting and a full bath with linen closet
- Unit 1 includes a living room and dining room, two bedrooms with closet storage, and a pantry closet
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.7k | $25.20 |
| − Vacancy | −$2.3k | −$1.13 |
| EGI | $48.4k | $24.07 |
| − OpEx | −$14.5k | −$7.22 |
| NOI | $33.9k | $16.85 |
2,012 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$484.2K
$423.7K – $564.9K
NOI $33,895 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$437.1K
$382.4K – $509.9K
NOI $30,595 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,377 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two well-appointed units offer kitchens, multiple living and dining areas, and a shared outdoor space, plus basement storage.
Where is this duplex located?
The property is located at 24-26 Thompson Street Amesbury, MA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two‑unit multi‑family home built in 1880 with kitchens in both units; Unit 1 features a spacious kitchen and dining area with side porch access, plus recessed lighting and a full bath with linen closet; Unit 1 includes a living room and dining room, two bedrooms with closet storage, and a pantry closet
