Fully Renovated Multifamily
16 Oakes Street Everett, MA 02149
16 Oakes Street, Everett, MA, 02149
$1,190,000
For Sale
$1,190,000
Turnkey, fully renovated multifamily home with two levels, a finished third floor, updated kitchens, bathrooms, and off-street parking.
Property Size2,808 SF
Lot Size0.11 Acres
Price / SF$423.79
Days on Market49
Property Features for 16 Oakes Street
General Information
- Standard status
- Active
- Size
- 2,808 SF
- Lot size
- 0.11 Acres
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1910
Listing agency
High Quality Real Estate LLC
(857) 373-9607
Listed by
Ranjan Thapa
(857) 373-9607
Source
Threehillsres
Added: Jun 3 Updated: Jul 20 at 9:51PM Checked: Jul 20 at 9:51PM
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 multifamily home is presented turnkey, with major updates completed top to bottom. The property features living space across two levels, plus a finished third floor that includes two additional rooms for flexible use. Renovations include a new roof, brand-new flooring throughout, fully renovated kitchens and bathrooms, and all-new stainless steel appliances.
Set on a 4,805 sq ft lot, the home provides outdoor space along with off-street parking and a freshly paved driveway. The location offers easy access to everyday amenities and regional destinations, with proximity to Encore Boston Harbor Casino and the Assembly Row area. It is also described as near public transportation and major highways, with Downtown Boston reachable in about 10–15 minutes and the Revere Beach area listed as less than 5 miles away.
The current improvements and finished layout make the property well-suited for a variety of residential configurations where updated systems and finishes are a priority.
Set on a 4,805 sq ft lot, the home provides outdoor space along with off-street parking and a freshly paved driveway. The location offers easy access to everyday amenities and regional destinations, with proximity to Encore Boston Harbor Casino and the Assembly Row area. It is also described as near public transportation and major highways, with Downtown Boston reachable in about 10–15 minutes and the Revere Beach area listed as less than 5 miles away.
The current improvements and finished layout make the property well-suited for a variety of residential configurations where updated systems and finishes are a priority.
Key Highlights
- Fully renovated multi‑family home in Everett, MA with 2,808 SF of living space across two levels plus a finished third floor
- Finished third floor adds two additional rooms for flexible living or potential rental/office use
- Renovations include a new roof, brand‑new flooring, fully renovated kitchens and bathrooms, and all‑new stainless steel appliances
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 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,363 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Multifamily property - Turnkey, fully renovated multifamily home with two levels, a finished third floor, updated kitchens, bathrooms, 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 $1,190,000.
What are key features of this property?
This property features: Fully renovated multi‑family home in Everett, MA with 2,808 SF of living space across two levels plus a finished third floor; Finished third floor adds two additional rooms for flexible living or potential rental/office use; Renovations include a new roof, brand‑new flooring, fully renovated kitchens and bathrooms, and all‑new stainless steel appliances
