Fully Renovated
16 Oakes Street Everett, MA 02149
For Sale
$1,099,000
Turnkey multi-family renovated with new roof, updated kitchens and baths, stainless-steel appliances, and off-street parking.
Property Size2,808 SF
Lot Size0.11 Acres
Price / SF$391.38
Days on Market59
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
Listed By:
Ranjan Thapa
(508) 823-9400
Source:
Ballowhutchinsonrealestate
Added: May 27
Changed: Jul 22
Last Checked: Jul 23 at 7:12AM
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 property is presented as turnkey and move-in ready, with a complete top-to-bottom refresh. Updates include a whole new roof, brand-new flooring throughout, fully renovated kitchens and bathrooms, and all-new stainless-steel appliances. The offering is positioned for flexible living arrangements, office space use, or expanded rental income.
Set on a 4,805 sq ft lot, the property provides outdoor space along with off-street parking and a freshly paved driveway. The address is located within walking distance to Encore Boston Harbor Casino, and near the proposed New England Revolution stadium development.
The home is also described as close to Assembly Row, shopping and dining, public transportation, and major highways, with an approximate 10–15 minute drive to Downtown Boston.
Set on a 4,805 sq ft lot, the property provides outdoor space along with off-street parking and a freshly paved driveway. The address is located within walking distance to Encore Boston Harbor Casino, and near the proposed New England Revolution stadium development.
The home is also described as close to Assembly Row, shopping and dining, public transportation, and major highways, with an approximate 10–15 minute drive to Downtown Boston.
Key Highlights
- Fully renovated multi‑family with year built 1910
- New roof, brand‑new flooring throughout, and all‑new stainless‑steel appliances
- Fully renovated kitchens and bathrooms with updated systems and finishes
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 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,363 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
FAQs
What type of property is this?
Multifamily property - Turnkey multi-family renovated with new roof, updated kitchens and baths, stainless-steel appliances, and off-street parking.
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 $1,099,000.
What are key features of this property?
This property features: Fully renovated multi‑family with year built 1910; New roof, brand‑new flooring throughout, and all‑new stainless‑steel appliances; Fully renovated kitchens and bathrooms with updated systems and finishes
