Four-Family Income
761 Broadway Everett, MA 02149
New
For Sale
$1,299,000
Well-maintained four-family multifamily features 7 bedrooms, 4 full bathrooms, and a full basement near major transit and amenities.
Property Size3,275 SF
Price / SF$396.64
Days on Market3
Property Features for 761 Broadway
General Information
- Standard status
- Active
- Size
- 3,275 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1920
Listing Agency:
(781) 956-3125
Listed By:
Patricia Agnello
(781) 956-3125
Source:
Elliman
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 26 at 4:16AM
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 Patricia Agnello
Investment Insights
Based on property information with market context.
This well-maintained four-family property is an income-producing multifamily offering a total of 7 bedrooms and 4 full bathrooms. The building includes approximately 3,275 square feet of living space and features a full basement.
Located on Broadway in Everett, the property provides convenient access to public transportation and everyday amenities including shopping, restaurants, schools, and parks. The surrounding area includes major highway access and is described as commuter-friendly, with proximity to Downtown Boston as well as Encore Boston Harbor and Gateway Center.
Additional location metrics provided indicate a walk score of 93 and bike score of 64, with a transit score of 61.
Located on Broadway in Everett, the property provides convenient access to public transportation and everyday amenities including shopping, restaurants, schools, and parks. The surrounding area includes major highway access and is described as commuter-friendly, with proximity to Downtown Boston as well as Encore Boston Harbor and Gateway Center.
Additional location metrics provided indicate a walk score of 93 and bike score of 64, with a transit score of 61.
Key Highlights
- Well‑maintained four‑family multifamily built in 1920
- Approx. 3,275 SF of living space with 7 bedrooms and 4 full bathrooms
- Full basement included
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 | $104.1k | $31.80 |
| − Vacancy | −$5.1k | −$1.57 |
| EGI | $99.0k | $30.23 |
| − OpEx | −$29.7k | −$9.07 |
| NOI | $69.3k | $21.16 |
3,275 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$990.0K
$866.3K – $1.16M
NOI $69,300 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$930.9K
$814.5K – $1.09M
NOI $65,161 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,715 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Well-maintained four-family multifamily features 7 bedrooms, 4 full bathrooms, and a full basement near major transit and amenities.
Where is this quadplex located?
The property is located at 761 Broadway Everett, MA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Well‑maintained four‑family multifamily built in 1920; Approx. 3,275 SF of living space with 7 bedrooms and 4 full bathrooms; Full basement included
