Three-Unit Residential Income
For Sale
$1,099,000
Pending
162 Vine Street, Everett, MA 02149
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
Days on Market160
Property Features for 162 Vine Street
General Information
Standard status
Pending
Size
3,360 SF
Total Parking Spaces
11
Lot size
0.20 Acres
Property subtype
Multi Family
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$11,259
Amenities
spacious backyard
hardwood floors
laundry
bonus semi finished bathroom
Building Details
Building Size
3,360 SF
Year Built
1900
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Commonwealth Real Estate
Listed By:
Salvatore Brett Sillari
(978) 505-7634
Source:
Downtownbostonrealty
Added: May 14
Changed: Oct 13
Last Checked: Oct 19 at 5:43PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,099
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,421,980
$1.4M
Cap Rate 7%
$1,015,700
$1.0M
Cap Rate 9%
$789,989
$790.0K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$106.8K $31.80/SF
− Vacancy
−$5.3K −$1.57/SF
EGI
$101.6K $30.23/SF
− OpEx
−$30.5K −$9.07/SF
NOI
$71.1K $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 Rate 5%
$1,421,980
Cap Rate 7%
$1,015,700
Cap Rate 9%
$789,989
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$888.7K – $1.18M
NOI $71,099 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$955.0K
$835.7K – $1.11M
NOI $66,853 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,238 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,942
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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 $1,099,000.
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
