Two-Unit Duplex
New
For Sale
$799,000
16 Carter St, Everett, MA 02149
DD-zoned property with four bedrooms, two full bathrooms, and access to local amenities.
Property Size2,324 SF
Lot Size0.09 Acres
Price / SF$343.80
Days on Market3
Property Features for 16 Carter St
General Information
Standard status
Active
Size
2,324 SF
Total Parking Spaces
3
Lot size
0.09 Acres
Property subtype
Multi Family Home
Zoning
DD
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,621
Building Details
Building Size
2,324 SF
Year Built
1900
Stories
2
Units
2
Listing Agency:
Mango Realty, Inc.
(617) 877-4553
Listed By:
Assunta Palomba
(617) 877-4553
Source:
Startpoint
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 14 at 1:33PM
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 Mango Realty, Inc.
Investment Insights
Based on property information with market context.
This two-unit duplex at 16 Carter St in Everett provides approximately 2,324 square feet of living space, with 4 bedrooms and 2 full bathrooms. The property sits on an approximately 3,900-square-foot lot and was built in 1900. DD zoning is also identified for the property.
The location places the home near restaurants, cafés, parks, schools, and everyday amenities. It also offers access to surrounding communities and Boston-area destinations.
The two-unit configuration supports several ownership approaches identified for the property, including owner occupancy with rental income, multigenerational living, or use as a multifamily investment asset.
The location places the home near restaurants, cafés, parks, schools, and everyday amenities. It also offers access to surrounding communities and Boston-area destinations.
The two-unit configuration supports several ownership approaches identified for the property, including owner occupancy with rental income, multigenerational living, or use as a multifamily investment asset.
Key Highlights
- Two‑unit duplex at 16 Carter St, Everett, MA 02149
- Approximately 2,324 square feet of living space
- 4 bedrooms and 2 full bathrooms
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
$49,177
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
6.15%
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%
$983,540
$983.5K
Cap Rate 7%
$702,529
$702.5K
Cap Rate 9%
$546,411
$546.4K
Market Conditions
NOI Build-Up for 2,324 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
$73.9K $31.80/SF
− Vacancy
−$3.7K −$1.57/SF
EGI
$70.3K $30.23/SF
− OpEx
−$21.1K −$9.07/SF
NOI
$49.2K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /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%
$983,540
Cap Rate 7%
$702,529
Cap Rate 9%
$546,411
Alternative Uses
Best Use
Multifamily LT 5
$702.5K
$614.7K – $819.6K
NOI $49,177 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$660.6K
$578.0K – $770.7K
NOI $46,240 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$1.38M
$1.20M – $1.61M
NOI $96,306 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,602
Businesses Nearby
Explore this area
Business Placement
Demographics for 02149, MA
49,075
Population
18,541
Households
2.6
Avg Household Size
35
Median Age
23%
College-Educated
80%
High-School Grad
3.4 sq mi
ZIP Area
14,434
Density / Sq Mi
$79,658
Median Household Income
$40,836
Median Earnings
$1,988
Median Rent
$605,200
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 - DD-zoned property with four bedrooms, two full bathrooms, and access to local amenities.
Where is this duplex located?
The property is located at 16 Carter St Everett, MA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑unit duplex at 16 Carter St, Everett, MA 02149; Approximately 2,324 square feet of living space; 4 bedrooms and 2 full bathrooms
