Renovated Three-Unit Multifamily
New
For Sale
$1,500,000
197 Vine St, Everett, MA 02149
Updated residences offer central air, in-unit laundry, outdoor space, and modern kitchens and baths.
Property Size3,555 SF
Days on Market5
Property Features for 197 Vine St
General Information
Standard status
Active
Size
3,555 SF
Total Parking Spaces
3
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Sprinkler System
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$14,348
Amenities
central air conditioning
in-unit laundry
outdoor space
common yard
Building Details
Building Size
3,555 SF
Year Built
1913
Year Renovated
2022
Listing Agency:
Rise Signature Homes
Listed By:
The Pezzano Group
(617) 913-2730
Source:
Classifiedrealtygroup
Added: Sep 9
Changed: Sep 10
Last Checked: Sep 13 at 5:41AM
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 Rise Signature Homes
Investment Insights
Based on property information with market context.
Built in 1913, 197 Vine St is a three-unit multifamily property with residences renovated in 2022. The renovation introduced modern finishes and open floor plans, while updating major building systems and utilities. All three units include central air conditioning, in-unit laundry, outdoor space, and updated kitchens and bathrooms. The building is fully sprinklered throughout.
The property provides three off-street parking spaces and a common yard. Its location offers access to Routes 1 and 16, with Encore Boston Harbor approximately two miles away. The combination of updated residential interiors, refreshed infrastructure, and practical on-site amenities supports continued use as an income-producing triplex.
The property provides three off-street parking spaces and a common yard. Its location offers access to Routes 1 and 16, with Encore Boston Harbor approximately two miles away. The combination of updated residential interiors, refreshed infrastructure, and practical on-site amenities supports continued use as an income-producing triplex.
Key Highlights
- Three residential units renovated in 2022
- Major systems and utilities updated during renovation
- Central air conditioning and in‑unit laundry in each residence
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
$75,225
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
5.02%
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%
$1,504,500
$1.5M
Cap Rate 7%
$1,074,643
$1.1M
Cap Rate 9%
$835,833
$835.8K
Market Conditions
NOI Build-Up for 3,555 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
$113.0K $31.80/SF
− Vacancy
−$5.6K −$1.57/SF
EGI
$107.5K $30.23/SF
− OpEx
−$32.2K −$9.07/SF
NOI
$75.2K $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%
$1,504,500
Cap Rate 7%
$1,074,643
Cap Rate 9%
$835,833
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$940.3K – $1.25M
NOI $75,225 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$1.01M
$884.2K – $1.18M
NOI $70,732 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$2.10M
$1.84M – $2.46M
NOI $147,318 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,809
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Updated residences offer central air, in-unit laundry, outdoor space, and modern kitchens and baths.
Where is this triplex located?
The property is located at 197 Vine St Everett, MA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Three residential units renovated in 2022; Major systems and utilities updated during renovation; Central air conditioning and in‑unit laundry in each residence
