Multifamily Property with Private
For Sale
$838,900
136 Main Street, Everett, MA 02149
Two-story layout includes four bedrooms, three full bathrooms, a fireplace, garage, and dedicated outdoor space.
Property Size2,490 SF
Price / SF$336.91
Days on Market11
Property Features for 136 Main Street
General Information
Standard status
Active
Size
2,490 SF
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Year Built
1880
Stories
2
Listing Agency:
ERA Millennium
Listed By:
Pat Roberto
(508) 867-2800
Source:
Miketoomeyrealestate
Added: Aug 2
Changed: Aug 11
Last Checked: Aug 12 at 4:01AM
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 ERA Millennium
Investment Insights
Based on property information with market context.
Built in 1880, this 2,490-square-foot multifamily property offers a two-story configuration with four bedrooms and three full bathrooms. Interior features include a living room with a fireplace, while the exterior provides a private yard. A one-car garage adds practical storage and parking capacity.
The property is located at 136 Main Street in Everett, with access to Route 16, Route 99, and Route 1. Bus service is nearby, and the Orange Line and Encore Boston are also within the surrounding transportation and entertainment network.
The property is located at 136 Main Street in Everett, with access to Route 16, Route 99, and Route 1. Bus service is nearby, and the Orange Line and Encore Boston are also within the surrounding transportation and entertainment network.
Key Highlights
- 2,490‑square‑foot multifamily property built in 1880
- Four bedrooms and three full bathrooms across two stories
- Living room with a classic fireplace
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
$49,543
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
5.91%
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%
$990,860
$990.9K
Cap Rate 7%
$707,757
$707.8K
Cap Rate 9%
$550,478
$550.5K
Market Conditions
NOI Build-Up for 2,490 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
$95.0K $38.16/SF
− Vacancy
−$4.9K −$1.98/SF
EGI
$90.1K $36.18/SF
− OpEx
−$40.5K −$16.28/SF
NOI
$49.5K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
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%
$990,860
Cap Rate 7%
$707,757
Cap Rate 9%
$550,478
Alternative Uses
Best Use
Apartment 5plus
$707.8K
$619.3K – $825.7K
NOI $49,543 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,185 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,636
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?
Multifamily property - Two-story layout includes four bedrooms, three full bathrooms, a fireplace, garage, and dedicated outdoor space.
Where is this multifamily property located?
The property is located at 136 Main Street Everett, MA.
What is the asking price?
The asking price for this property is $838,900.
What are key features of this property?
This property features: 2,490‑square‑foot multifamily property built in 1880; Four bedrooms and three full bathrooms across two stories; Living room with a classic fireplace
