Fully Renovated Multifamily
16 Oakes Street Everett, MA 02149
16 Oakes Street, Everett, MA, 02149
$1,149,000
For Sale
$1,149,000
Turnkey multifamily with new roof, renovated kitchens and baths, stainless appliances, and a finished third floor.
Property Size2,808 SF
Lot Size0.11 Acres
Price / SF$409.19
Days on Market55
Property Features for 16 Oakes Street
General Information
- Standard status
- Active
- Size
- 2,808 SF
- Lot size
- 0.11 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1910
Listing agency
High Quality Real Estate LLC
(857) 373-9607
Listed by
Ranjan Thapa
Source
Allisonmazer
Added: May 28 Updated: Jul 20 at 10:09PM Checked: Jul 21 at 6:26AM
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 High Quality Real Estate LLC
Investment Insights
Based on property information with market context.
This fully renovated multi-family home has been updated top to bottom for a turnkey setup. Improvements include a whole new roof, brand-new flooring throughout, fully renovated kitchens and bathrooms, and all-new stainless steel appliances. The layout provides living space across two levels, plus a finished third floor with two additional rooms that can support flexible use or additional rental space.
The property sits on a 4,805 sq ft lot with off-street parking and a freshly paved driveway. It is located in Everett, within walking distance to Encore Boston Harbor Casino, and near the proposed New England Revolution stadium development. Additional convenience includes proximity to Assembly Row, shopping, dining, public transportation, and major highways, with Downtown Boston roughly 10–15 minutes away and Revere Beach less than 5 miles from the property.
The property sits on a 4,805 sq ft lot with off-street parking and a freshly paved driveway. It is located in Everett, within walking distance to Encore Boston Harbor Casino, and near the proposed New England Revolution stadium development. Additional convenience includes proximity to Assembly Row, shopping, dining, public transportation, and major highways, with Downtown Boston roughly 10–15 minutes away and Revere Beach less than 5 miles from the property.
Key Highlights
- Fully renovated multifamily home built in 1910 with 2,808 sq ft of living space across two levels
- Finished third floor adds two additional rooms for extended living or potential added rental space
- Whole new roof, brand‑new flooring throughout, and fully renovated kitchens and bathrooms
Local Financial Insights For Apartment 5plus
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 | $107.2k | $38.16 |
| − Vacancy | −$5.6k | −$1.98 |
| EGI | $101.6k | $36.18 |
| − OpEx | −$45.7k | −$16.28 |
| NOI | $55.9k | $19.90 |
2,808 SF · lease $38.16/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$798.1K
$698.4K – $931.2K
NOI $55,870 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,363 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
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FAQs
What type of property is this?
Multifamily property - Turnkey multifamily with new roof, renovated kitchens and baths, stainless appliances, and a finished third floor.
Where is this multifamily property located?
The property is located at 16 Oakes Street Everett, MA.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Fully renovated multifamily home built in 1910 with 2,808 sq ft of living space across two levels; Finished third floor adds two additional rooms for extended living or potential added rental space; Whole new roof, brand‑new flooring throughout, and fully renovated kitchens and bathrooms
