Duplex Investment Package with Roof
213-215 Burrill St, Swampscott, MA 01907
For Sale
$3,100,000
Two-family dwelling plus a 7-unit building with a shared roof deck and in-unit laundry.
Property Size1,895 SF
Price / SF$348.31
Days on Market106
Property Features for 213-215 Burrill St
General Information
Standard status
Size
Property subtype
Lease Term
Additional Details
Gross Income
Multifamily Units
Amenities
in-unit laundry
central air conditioning
granite countertops
hardwood floors
shared roof deck
Building Details
Building Size
Year Built
Buildings
Listing Agency:
William Raveis R.E. & Home Services
(781) 828-4550
Listed By:
Jose Rojas
(617) 513-0316
Source:
Iverty
Added: Jul 28
Changed: Nov 8
Last Checked: Nov 8 at 7:05AM
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 William Raveis R.E. & Home Services
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Investment Insights
Based on property information with market context.
213-215 Burrill St is being offered as a single investment package that combines a two-family dwelling with a separate 7-unit building. The 213 Burrill St property is configured as a two-family home with 7 bedrooms and 2 bathrooms. The 215 Burrill St building contains seven units, including two 3-bedroom units, four 2-bedroom units, and one 1-bedroom unit.
Across both buildings, units are equipped with in-unit laundry and central air conditioning, with granite countertops and hardwood floors. Residents also have access to a shared roof deck.
The property was built in 1895. BikeScore is 42 (somewhat bikeable), WalkScore is 65 (somewhat walkable), and TransitScore is 38 (some transit).
Across both buildings, units are equipped with in-unit laundry and central air conditioning, with granite countertops and hardwood floors. Residents also have access to a shared roof deck.
The property was built in 1895. BikeScore is 42 (somewhat bikeable), WalkScore is 65 (somewhat walkable), and TransitScore is 38 (some transit).
Key Highlights
- 213 Burrill St is a two‑family dwelling with 7 bedrooms and 2 bathrooms
- 215 Burrill St is a 7‑unit building with two 3‑bedroom, four 2‑bedroom, and one 1‑bedroom unit
- In‑unit laundry and central air conditioning in the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$149,931
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,998,620
$3.0M
Cap Rate 7%
$2,141,871
$2.1M
Cap Rate 9%
$1,665,900
$1.7M
Market Conditions
NOI Build-Up for 8,900 SF
Gross rent
$224.3K $25.20/SF
− Vacancy
−$10.1K −$1.13/SF
EGI
$214.2K $24.07/SF
− OpEx
−$64.3K −$7.22/SF
NOI
$149.9K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,998,620
Cap Rate 7%
$2,141,871
Cap Rate 9%
$1,665,900
Alternative Uses
Best Use
Multifamily LT 5
$2.14M
$1.87M – $2.50M
NOI $149,931 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$1.93M
$1.69M – $2.26M
NOI $135,337 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$5.27M
$4.61M – $6.15M
NOI $368,814 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
936
Businesses Nearby
Explore this area
Business Placement
Demographics for 01907, MA
15,148
Population
6,666
Households
2.3
Avg Household Size
45
Median Age
62%
College-Educated
97%
High-School Grad
3.0 sq mi
ZIP Area
5,049
Density / Sq Mi
$127,714
Median Household Income
$70,837
Median Earnings
$2,206
Median Rent
$690,800
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Essex County, MA
Properties on Market for Duplexes in Essex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family dwelling plus a 7-unit building with a shared roof deck and in-unit laundry.
Where is this duplex located?
The property is located at 213-215 Burrill St Swampscott, MA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 213 Burrill St is a two‑family dwelling with 7 bedrooms and 2 bathrooms; 215 Burrill St is a 7‑unit building with two 3‑bedroom, four 2‑bedroom, and one 1‑bedroom unit; In‑unit laundry and central air conditioning in the units
