Modern Two-Family
New
For Sale
$799,900
13 Belgrade Street, Revere, MA 02151
Updated two-unit residence with separate utilities, private laundry, basement family room, and six-car parking.
Property Size1,900 SF
Price / SF$421
Days on Market7
Property Features for 13 Belgrade Street
General Information
Standard status
Active
Size
1,900 SF
Total Parking Spaces
6
Property subtype
Multi-family
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Amenities
hardwood floors
granite counter tops
dishwasher
disposal
washer/dryer
Building Details
Year Built
1923
Buildings
1
Listing Agency:
Century 21 North East
(781) 844-9973
Listed By:
Phil Consolo
(617) 731-4644
Source:
Hammondre
Added: Aug 23
Changed: Aug 28
Last Checked: Aug 26 at 7:24AM
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 Century 21 North East
Investment Insights
Based on property information with market context.
This two-unit duplex contains approximately 1,900 square feet. The first-floor residence offers five rooms and three bedrooms, while the second-floor unit includes six rooms and three bedrooms. A basement family room provides additional interior space, and each apartment has its own washer and dryer. Both units are separately metered, with individual heating systems and 100-amp electrical panels.
Approximately 90% of the property was modernized about one year ago, including the windows, heating equipment, electrical systems, refrigerators, and other improvements. Interior features include hardwood flooring throughout, granite kitchen countertops, dishwashers, disposals, and refrigerators. The rubber roof is approximately 15 years old.
The property includes six-car parking, additional off-street parking along the front, and planned repaving for the driveway and paved areas around the house. It is located beside Revere High School and near Boston, shopping, and restaurants.
Approximately 90% of the property was modernized about one year ago, including the windows, heating equipment, electrical systems, refrigerators, and other improvements. Interior features include hardwood flooring throughout, granite kitchen countertops, dishwashers, disposals, and refrigerators. The rubber roof is approximately 15 years old.
The property includes six-car parking, additional off-street parking along the front, and planned repaving for the driveway and paved areas around the house. It is located beside Revere High School and near Boston, shopping, and restaurants.
Key Highlights
- Two residential units with three bedrooms in each apartment
- Approximately 1,900 square feet with a basement family room
- Separate utilities, heating systems, and 100‑amp electrical panels
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,197
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$723,940
$723.9K
Cap Rate 7%
$517,100
$517.1K
Cap Rate 9%
$402,189
$402.2K
Market Conditions
NOI Build-Up for 1,900 SF
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.
Gross rent
$54.7K $28.80/SF
− Vacancy
−$3.0K −$1.58/SF
EGI
$51.7K $27.22/SF
− OpEx
−$15.5K −$8.16/SF
NOI
$36.2K $19.05/SF
Area
Suffolk County, MA
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$723,940
Cap Rate 7%
$517,100
Cap Rate 9%
$402,189
Alternative Uses
Best Use
Multifamily LT 5
$517.1K
$452.5K – $603.3K
NOI $36,197 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$471.5K
$412.6K – $550.1K
NOI $33,005 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$1.12M
$984.2K – $1.31M
NOI $78,736 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,372
Businesses Nearby
Explore this area
Business Placement
Demographics for 02151, MA
62,252
Population
23,461
Households
2.7
Avg Household Size
38
Median Age
25%
College-Educated
83%
High-School Grad
5.7 sq mi
ZIP Area
10,921
Density / Sq Mi
$80,948
Median Household Income
$43,374
Median Earnings
$1,964
Median Rent
$566,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit residence with separate utilities, private laundry, basement family room, and six-car parking.
Where is this duplex located?
The property is located at 13 Belgrade Street Revere, 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 residential units with three bedrooms in each apartment; Approximately 1,900 square feet with a basement family room; Separate utilities, heating systems, and 100‑amp electrical panels
