Six-Bedroom Duplex with Private
New
For Sale
$829,000
1738-1740 North Shore Road, Revere, MA 02151
Two residential units offer three bedrooms per floor and spacious eat-in kitchens.
Property Size2,318 SF
Price / SF$357.64
Days on Market6
Property Features for 1738-1740 North Shore Road
General Information
Standard status
Active
Size
2,318 SF
Property subtype
Multi-family
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1920
Listing Agency:
Denkar Realty Group
Listed By:
Michael Kwan · License #9513113
(617) 792-7871
Source:
Stevebremis
Added: Sep 8
Changed: Sep 13
Last Checked: Sep 12 at 10:42AM
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 Denkar Realty Group
Investment Insights
Based on property information with market context.
Located at 1738-1740 North Shore Rd in Revere, this two-unit residence contains 2,318 square feet and was built in 1920. Each unit has three bedrooms and an eat-in kitchen. The upper-level layout includes an additional front room that can serve as an office or possible fourth bedroom, along with a rear bedroom and adjoining walk-in room.
The property is outside the flood zone and includes a private driveway plus street parking. Revere Beach, the train station, a hospital, and a Target shopping center are all within walking distance or a short walk. A full basement provides storage and may offer future finishing potential. The property is zoned RB.
The property is outside the flood zone and includes a private driveway plus street parking. Revere Beach, the train station, a hospital, and a Target shopping center are all within walking distance or a short walk. A full basement provides storage and may offer future finishing potential. The property is zoned RB.
Key Highlights
- 2,318‑square‑foot duplex with two residential units
- Three bedrooms on each floor, with eat‑in kitchens
- Upper level includes an extra front room and rear bedroom with walk‑in room
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
$44,161
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
5.33%
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%
$883,220
$883.2K
Cap Rate 7%
$630,871
$630.9K
Cap Rate 9%
$490,678
$490.7K
Market Conditions
NOI Build-Up for 2,318 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
$66.8K $28.80/SF
− Vacancy
−$3.7K −$1.58/SF
EGI
$63.1K $27.22/SF
− OpEx
−$18.9K −$8.16/SF
NOI
$44.2K $19.05/SF
Area
Suffolk County, MA
Vacancy
5.50%
Lease Rate
$28.80 /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%
$883,220
Cap Rate 7%
$630,871
Cap Rate 9%
$490,678
Alternative Uses
Best Use
Multifamily LT 5
$630.9K
$552.0K – $736.0K
NOI $44,161 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$575.2K
$503.3K – $671.1K
NOI $40,266 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,057 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
755
Businesses Nearby
Explore this area
Business Placement
Demographics for 02151, MA
62,252
Population
23,461
Households
2.7
Avg Household Size
38
Median Age
25%
College-Educated
83%
High-School Grad
5.7 sq mi
ZIP Area
10,921
Density / Sq Mi
$80,948
Median Household Income
$43,374
Median Earnings
$1,964
Median Rent
$566,200
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 - Two residential units offer three bedrooms per floor and spacious eat-in kitchens.
Where is this duplex located?
The property is located at 1738-1740 North Shore Road Revere, MA.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: 2,318‑square‑foot duplex with two residential units; Three bedrooms on each floor, with eat‑in kitchens; Upper level includes an extra front room and rear bedroom with walk‑in room
