Three-Story Duplex with
For Sale
$799,000
159 Jefferson Avenue, Everett, MA 02149
Two separately entered units feature spacious kitchens, a front porch, and flexible residential layouts.
Property Size2,175 SF
Price / SF$367.36
Days on Market101
Property Features for 159 Jefferson Avenue
General Information
Standard status
Active
Size
2,175 SF
Total Parking Spaces
7
Property subtype
Multi-Family
Zoning
DD
Taxes and HOA fees
Annual Taxes
$7,864
Building Details
Building Size
2,175 SF
Year Built
1900
Stories
3
Listing Agency:
J.M.I. Investment Properties
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: May 22
Changed: Aug 29
Last Checked: Aug 29 at 2:39PM
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 J.M.I. Investment Properties
Investment Insights
Based on property information with market context.
This 2,175-square-foot duplex, built in 1900, is arranged across three stories with five bedrooms and two full bathrooms. The first-floor residence includes four rooms, two bedrooms, one bathroom, and a private front entrance. A separate second-floor townhouse-style unit provides six rooms, three bedrooms, one bathroom, and its own private entrance. Both units include spacious kitchens with substantial cabinetry and counter space.
A two-car garage adds practical storage and parking, while the front porch provides outdoor space. The property is identified as DD zoning and is located at 159 Jefferson Avenue in Everett, Massachusetts.
A two-car garage adds practical storage and parking, while the front porch provides outdoor space. The property is identified as DD zoning and is located at 159 Jefferson Avenue in Everett, Massachusetts.
Key Highlights
- 2,175‑square‑foot duplex arranged across three stories
- First‑floor unit has 2 bedrooms, 1 bathroom, 4 rooms, and a private entrance
- Second‑floor townhouse‑style unit has 3 bedrooms, 1 bathroom, 6 rooms, and a private entrance
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
$46,024
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
5.76%
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%
$920,480
$920.5K
Cap Rate 7%
$657,486
$657.5K
Cap Rate 9%
$511,378
$511.4K
Market Conditions
NOI Build-Up for 2,175 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
$69.2K $31.80/SF
− Vacancy
−$3.4K −$1.57/SF
EGI
$65.7K $30.23/SF
− OpEx
−$19.7K −$9.07/SF
NOI
$46.0K $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%
$920,480
Cap Rate 7%
$657,486
Cap Rate 9%
$511,378
Alternative Uses
Best Use
Multifamily LT 5
$657.5K
$575.3K – $767.1K
NOI $46,024 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$618.2K
$540.9K – $721.3K
NOI $43,275 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,131 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,159
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 - Two separately entered units feature spacious kitchens, a front porch, and flexible residential layouts.
Where is this duplex located?
The property is located at 159 Jefferson Avenue 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: 2,175‑square‑foot duplex arranged across three stories; First‑floor unit has 2 bedrooms, 1 bathroom, 4 rooms, and a private entrance; Second‑floor townhouse‑style unit has 3 bedrooms, 1 bathroom, 6 rooms, and a private entrance
