Renovated Three-Unit Multifamily
For Sale
$1,500,000
Pending
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 Market51
Property Features for 197 Vine St
General Information
Standard status
Pending
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: Oct 25
Last Checked: Oct 28 at 5:18AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$75,225
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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
