Two-Family Residential Income
13-15 Heath Street Everett, MA 02149
New
For Sale
$799,900
Two-unit duplex with refinished hardwood on the first floor, an eat-in kitchen, and additional storage in a basement.
Property Size1,938 SF
Price / SF$412.75
Days on Market6
Property Features for 13-15 Heath Street
General Information
- Standard status
- Active
- Size
- 1,938 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1890
Listing Agency:
RE/MAX Harmony
Listed By:
Team Ladner
(781) 645-0505
Source:
Yourhomeforsale
Added: Jul 21
Changed: Jul 25
Last Checked: Jul 25 at 9:48AM
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 RE/MAX Harmony
Investment Insights
Based on property information with market context.
This two-family duplex offers two separate units with practical everyday layouts. The first-floor unit includes one bedroom and one bathroom, refinished hardwood floors, high ceilings, a bright living room, an eat-in kitchen, and a laundry hookup. The second unit features two bedrooms and one bathroom, with an open-concept living/dining/kitchen area and a full bath plus laundry on the main floor, along with two bedrooms upstairs. A basement with ample storage supports the overall functionality. Outside, there is a driveway with plenty of parking, a storage shed, and a yard/patio.
The property is located in a Village Neighborhood close to Assembly Row/Boston and near the Northern Strand Community Trail. It is also described as within walking distance of Sacramone Park/Splash Pad and Nightshift Brewery events, with convenient access to Route 1/16, I-93, and MBTA bus routes for connections to the Orange Line.
Both units will be delivered vacant at closing, providing flexibility for an owner-occupant or rental setup.
The property is located in a Village Neighborhood close to Assembly Row/Boston and near the Northern Strand Community Trail. It is also described as within walking distance of Sacramone Park/Splash Pad and Nightshift Brewery events, with convenient access to Route 1/16, I-93, and MBTA bus routes for connections to the Orange Line.
Both units will be delivered vacant at closing, providing flexibility for an owner-occupant or rental setup.
Key Highlights
- Two‑unit duplex built in 1890 with a 1‑bed/1‑bath first‑floor unit and a 2‑bed/1‑bath second unit
- First‑floor unit features refinished hardwood, high ceilings, a bright living room, and an eat‑in kitchen plus laundry hookup
- Second unit offers an open‑concept living/dining/kitchen area, a full bath/laundry on the main floor, and two bedrooms upstairs
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 | $61.6k | $31.80 |
| − Vacancy | −$3.0k | −$1.57 |
| EGI | $58.6k | $30.23 |
| − OpEx | −$17.6k | −$9.07 |
| NOI | $41.0k | $21.16 |
1,938 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$585.8K
$512.6K – $683.5K
NOI $41,009 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$550.9K
$482.0K – $642.7K
NOI $38,560 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,310 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit duplex with refinished hardwood on the first floor, an eat-in kitchen, and additional storage in a basement.
Where is this duplex located?
The property is located at 13-15 Heath Street Everett, MA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1890 with a 1‑bed/1‑bath first‑floor unit and a 2‑bed/1‑bath second unit; First‑floor unit features refinished hardwood, high ceilings, a bright living room, and an eat‑in kitchen plus laundry hookup; Second unit offers an open‑concept living/dining/kitchen area, a full bath/laundry on the main floor, and two bedrooms upstairs
