Duplex Investment Package with Roof
New
For Sale
$3,100,000
213-215 Burrill St, Swampscott, MA 01907
Two-family dwelling plus a 7-unit building with a shared roof deck and in-unit laundry.
Days on Market4
Property Features for 213-215 Burrill St
General Information
Standard status
Active
Property subtype
Investment
Additional Details
Gross Income
$246,000
Multifamily Units
9
Amenities
in-unit laundry
central air conditioning
granite countertops
hardwood floors
shared roof deck
Building Details
Building Size
8,900 SF
Year Built
1895
Buildings
2
Listing Agency:
(617) 513-0316
Listed By:
Jose Rojas
(617) 513-0316
Source:
Elliman
Added: Jul 29
Changed: Jul 30
Last Checked: Aug 1 at 4:40AM
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 Jose Rojas
Investment Insights
Based on property information with market context.
213-215 Burrill St is being offered as a single investment package that combines a two-family dwelling with a separate 7-unit building. The 213 Burrill St property is configured as a two-family home with 7 bedrooms and 2 bathrooms. The 215 Burrill St building contains seven units, including two 3-bedroom units, four 2-bedroom units, and one 1-bedroom unit.
Across both buildings, units are equipped with in-unit laundry and central air conditioning, with granite countertops and hardwood floors. Residents also have access to a shared roof deck.
The property was built in 1895. BikeScore is 42 (somewhat bikeable), WalkScore is 65 (somewhat walkable), and TransitScore is 38 (some transit).
Across both buildings, units are equipped with in-unit laundry and central air conditioning, with granite countertops and hardwood floors. Residents also have access to a shared roof deck.
The property was built in 1895. BikeScore is 42 (somewhat bikeable), WalkScore is 65 (somewhat walkable), and TransitScore is 38 (some transit).
Key Highlights
- 213 Burrill St is a two‑family dwelling with 7 bedrooms and 2 bathrooms
- 215 Burrill St is a 7‑unit building with two 3‑bedroom, four 2‑bedroom, and one 1‑bedroom unit
- In‑unit laundry and central air conditioning in the units
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 | $224.3k | $25.20 |
| − Vacancy | −$10.1k | −$1.13 |
| EGI | $214.2k | $24.07 |
| − OpEx | −$64.3k | −$7.22 |
| NOI | $149.9k | $16.85 |
8,900 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.14M
$1.87M – $2.50M
NOI $149,931 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$1.93M
$1.69M – $2.26M
NOI $135,337 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$5.27M
$4.61M – $6.15M
NOI $368,814 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
823
Businesses Nearby
Explore this area
Business Placement
Demographics for 01907, MA
15,148
Population
6,666
Households
2.3
Avg Household Size
45
Median Age
62%
College-Educated
97%
High-School Grad
3.0 sq mi
ZIP Area
5,049
Density / Sq Mi
$127,714
Median Household Income
$70,837
Median Earnings
$2,206
Median Rent
$690,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family dwelling plus a 7-unit building with a shared roof deck and in-unit laundry.
Where is this duplex located?
The property is located at 213-215 Burrill St Swampscott, MA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 213 Burrill St is a two‑family dwelling with 7 bedrooms and 2 bathrooms; 215 Burrill St is a 7‑unit building with two 3‑bedroom, four 2‑bedroom, and one 1‑bedroom unit; In‑unit laundry and central air conditioning in the units
