Character Duplex with In-Law
For Sale
$889,900
Pending
17 Tufts Avenue, Everett, MA 02149
Residential Income, Everett, MA
Property Size3,202 SF
Lot Size0.11 Acres
Days on Market99
Property Features for 17 Tufts Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
DD
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 2
Parking
3
Fireplace
1
Elementary school
Sumner G. Whittier School
Middle school
Sumner G. Whittier School
High school
Everett High School
Directions
School Street or Winthrop Street to Tufts Avenue
Standard status
Pending
APN
M:E0 B:02 L:000073,480940
Size
3,202 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9332
Amenities
enclosed 3-season porch
patio
security system
marble fireplaces
summer kitchen
Building Details
Year built
1880
Floors in Building
4
Number of units
2
Listing Agency:
Keller Williams Realty-Merrimack
(978) 692-3280
Listed By:
Claire Ryan
(978) 692-3280
Added: May 19
Changed: Aug 20
Last Checked: Aug 25 at 8:06AM
MLS# 73521237
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,202-square-foot duplex, built in 1880, is arranged across four levels and includes a separate top-floor in-law suite. The property has been used as a spacious single-family residence and features refinished red oak hardwood floors, fresh interior paint throughout most areas, stained glass at the stairway landing, and two marble fireplaces. A walk-out lower level adds a summer kitchen, fireplace, patio access, and connection to the backyard. An enclosed three-season porch expands the usable living and entertaining areas. Additional property features include 33 vinyl-clad replacement windows installed in 2008 and a security system.
The home occupies a 0.1142-acre lot on Tufts Avenue in Everett, with access to public transportation, schools, shopping, and highways. The location is also near Encore, Boston Harbor, Assembly Row, and Station Landing. Zoning is DD.
The home occupies a 0.1142-acre lot on Tufts Avenue in Everett, with access to public transportation, schools, shopping, and highways. The location is also near Encore, Boston Harbor, Assembly Row, and Station Landing. Zoning is DD.
Key Highlights
- 3,202 square feet arranged across four levels
- Two‑family layout with a separate top‑floor in‑law suite
- 0.1142‑acre lot in Everett, MA
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,755
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,355,100
$1.4M
Cap Rate 7%
$967,929
$967.9K
Cap Rate 9%
$752,833
$752.8K
Market Conditions
NOI Build-Up for 3,202 SF
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.
Gross rent
$101.8K $31.80/SF
− Vacancy
−$5.0K −$1.57/SF
EGI
$96.8K $30.23/SF
− OpEx
−$29.0K −$9.07/SF
NOI
$67.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,355,100
Cap Rate 7%
$967,929
Cap Rate 9%
$752,833
Alternative Uses
Best Use
Multifamily LT 5
$967.9K
$846.9K – $1.13M
NOI $67,755 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$910.1K
$796.4K – $1.06M
NOI $63,709 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,690 @ 7.0% cap · market cap 14.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,870
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Four levels include hardwood floors, marble fireplaces, and a walk-out lower level with a summer kitchen.
Where is this duplex located?
The property is located at 17 Tufts Avenue Everett, MA.
What is the asking price?
The asking price for this property is $889,900.
What are key features of this property?
This property features: 3,202 square feet arranged across four levels; Two‑family layout with a separate top‑floor in‑law suite; 0.1142‑acre lot in Everett, MA
