Two-Family Home with
For Sale
$1,049,000
18 Blaney Street, Revere, MA 02151
Split-entry duplex with updated finishes, multiple bedroom arrangements, balcony access, and an oversized garage.
Property Size2,476 SF
Price / SF$423.67
Days on Market11
Property Features for 18 Blaney Street
General Information
Standard status
Active
Size
2,476 SF
Property subtype
Multi-family
Units
Unit Mix
3BR, 1BR/1BA
Multifamily Units
2
Amenities
balcony
fireplace
washer/dryer hookup
Building Details
Year Built
1981
Buildings
1
Construction
contemporary
Listing Agency:
Atlantic Realty Services
Listed By:
Maria DiPierro
(781) 933-7200
Source:
Jmulkerinrealty
Added: Aug 10
Changed: Aug 19
Last Checked: Aug 19 at 10:48AM
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 Atlantic Realty Services
Investment Insights
Based on property information with market context.
This 2,476-square-foot duplex at 18 Blaney Street in Revere, Massachusetts, was built in 1981 and offers two distinct residential units within a split-entry design. The primary residence includes a tiled kitchen and dining area with an island, cherry cabinetry, granite countertops, an open living room with cathedral ceilings, a main-level bedroom, a lower-level bedroom, and a large primary suite with private balcony access. The lower level also includes a second laundry hookup and an oversized garage.
The second unit provides a generously sized living room with fireplace, an eat-in kitchen, one bedroom, and one bathroom. Additional finish details in the property include quartz and granite bathroom surfaces, tiled floors and shower areas, Kohler fixtures, and multiple closets. Skyline views are noted from the home.
The second unit provides a generously sized living room with fireplace, an eat-in kitchen, one bedroom, and one bathroom. Additional finish details in the property include quartz and granite bathroom surfaces, tiled floors and shower areas, Kohler fixtures, and multiple closets. Skyline views are noted from the home.
Key Highlights
- 2,476 SF duplex at 18 Blaney Street, Revere, MA 02151
- Built in 1981 with two residential units
- Primary unit includes 3 bedrooms and a primary suite with balcony access
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
$47,171
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
4.50%
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%
$943,420
$943.4K
Cap Rate 7%
$673,871
$673.9K
Cap Rate 9%
$524,122
$524.1K
Market Conditions
NOI Build-Up for 2,476 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
$71.3K $28.80/SF
− Vacancy
−$3.9K −$1.58/SF
EGI
$67.4K $27.22/SF
− OpEx
−$20.2K −$8.16/SF
NOI
$47.2K $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%
$943,420
Cap Rate 7%
$673,871
Cap Rate 9%
$524,122
Alternative Uses
Best Use
Multifamily LT 5
$673.9K
$589.6K – $786.2K
NOI $47,171 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$614.4K
$537.6K – $716.9K
NOI $43,011 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,605 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,051
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 - Split-entry duplex with updated finishes, multiple bedroom arrangements, balcony access, and an oversized garage.
Where is this duplex located?
The property is located at 18 Blaney Street Revere, MA.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: 2,476 SF duplex at 18 Blaney Street, Revere, MA 02151; Built in 1981 with two residential units; Primary unit includes 3 bedrooms and a primary suite with balcony access
