Two-Unit Duplex with
For Sale
$999,000
1748 N Shore Rd, Revere, MA 02151
Two residential units feature bright layouts, in-building laundry, a fenced yard, and driveway parking.
Property Size2,728 SF
Price / SF$366.20
Days on Market146
Property Features for 1748 N Shore Rd
General Information
Standard status
Active
Size
2,728 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Zoning
RB
Net Operating Income
$79,200
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 4BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,926
Amenities
fenced yard
in-building laundry
driveway parking
Building Details
Building Size
2,728 SF
Year Built
1920
Buildings
1
Stories
3
Listing Agency:
The Collaborative Companies
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Apr 7
Changed: Aug 29
Last Checked: Aug 29 at 3:03PM
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 The Collaborative Companies
Investment Insights
Based on property information with market context.
This duplex at 1748 N. Shore Rd in Revere contains two residential units: one with three bedrooms and one bathroom, and another with four bedrooms and one bathroom. The building offers bright, open interiors, in-building laundry, a fenced-in yard, and driveway parking. Zoning is RB, and the property dates to 1920.
A second lot at 1746 N. Shore Rd provides the driveway and garage and measures 3071 sq ft. The property is located minutes from Revere Beach, public transit, shops, and restaurants. Together, the two lots support the property’s parking and garage improvements while the building provides a two-unit residential configuration.
A second lot at 1746 N. Shore Rd provides the driveway and garage and measures 3071 sq ft. The property is located minutes from Revere Beach, public transit, shops, and restaurants. Together, the two lots support the property’s parking and garage improvements while the building provides a two-unit residential configuration.
Key Highlights
- Two‑unit duplex with 3‑bedroom and 4‑bedroom layouts
- 2,728 property size with construction dating to 1920
- Separate 3071 sq ft lot at 1746 N. Shore Rd
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
$51,972
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
5.20%
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%
$1,039,440
$1.0M
Cap Rate 7%
$742,457
$742.5K
Cap Rate 9%
$577,467
$577.5K
Market Conditions
NOI Build-Up for 2,728 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
$78.6K $28.80/SF
− Vacancy
−$4.3K −$1.58/SF
EGI
$74.2K $27.22/SF
− OpEx
−$22.3K −$8.16/SF
NOI
$52.0K $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%
$1,039,440
Cap Rate 7%
$742,457
Cap Rate 9%
$577,467
Alternative Uses
Best Use
Multifamily LT 5
$742.5K
$649.7K – $866.2K
NOI $51,972 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$677.0K
$592.4K – $789.8K
NOI $47,389 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $113,048 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
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 feature bright layouts, in-building laundry, a fenced yard, and driveway parking.
Where is this duplex located?
The property is located at 1748 N Shore Rd Revere, MA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two‑unit duplex with 3‑bedroom and 4‑bedroom layouts; 2,728 property size with construction dating to 1920; Separate 3071 sq ft lot at 1746 N. Shore Rd
