Three-Unit Residential Income
162 Vine Street Everett, MA 02149
162 Vine Street, Everett, MA, 02149
$1,500,000
For Sale
$1,500,000
Three separate units each offer 3 bedrooms and 1 bathroom, with semi-finished basement laundry and additional bath space.
Property Size3,360 SF
Lot Size0.20 Acres
Price / SF$446.43
Days on Market70
Property Features for 162 Vine Street
General Information
- Standard status
- Active
- Size
- 3,360 SF
- Lot size
- 0.20 Acres
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing agency
Berkshire Hathaway HomeServices Commonwealth Real Estate
(978) 505-7634
Listed by
Salvatore Brett Sillari
Source
Cjbarrett
Added: May 14 Updated: Jul 21 at 5:19PM Checked: Jul 21 at 5:19PM
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 Berkshire Hathaway HomeServices Commonwealth Real Estate
Investment Insights
Based on property information with market context.
This three-unit residential income property is set on an 8,625 SF lot and features a spacious backyard, on-site parking for up to 9 cars, and a 2-car garage with a new roof. Each unit provides 3 bedrooms and 1 bathroom, with hardwood floors and spacious kitchens. The basement is semi-finished and includes tiled floors, laundry, and a full bathroom.
The building also offers additional opportunities for expansion, including potential for an ADU, subject to review with the Everett building department.
Each unit’s layout includes multiple bedroom spaces and a functional kitchen, supported by the added basement improvements for everyday convenience.
The building also offers additional opportunities for expansion, including potential for an ADU, subject to review with the Everett building department.
Each unit’s layout includes multiple bedroom spaces and a functional kitchen, supported by the added basement improvements for everyday convenience.
Key Highlights
- 3‑family building on an 8,625 SF lot with a spacious backyard
- Each unit has 3 bedrooms and 1 bathroom, plus a bonus semi‑finished bathroom space in the basement
- Hardwood floors throughout in each unit, with nice‑sized bedrooms and spacious kitchens
Local Financial Insights For Multifamily LT 5
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 | $106.8k | $31.80 |
| − Vacancy | −$5.3k | −$1.57 |
| EGI | $101.6k | $30.23 |
| − OpEx | −$30.5k | −$9.07 |
| NOI | $71.1k | $21.16 |
3,360 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$888.7K – $1.18M
NOI $71,099 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$955.0K
$835.7K – $1.11M
NOI $66,853 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,238 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three separate units each offer 3 bedrooms and 1 bathroom, with semi-finished basement laundry and additional bath space.
Where is this triplex located?
The property is located at 162 Vine Street Everett, MA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 3‑family building on an 8,625 SF lot with a spacious backyard; Each unit has 3 bedrooms and 1 bathroom, plus a bonus semi‑finished bathroom space in the basement; Hardwood floors throughout in each unit, with nice‑sized bedrooms and spacious kitchens
