Seven-Unit Residential Development
22-26 Elm Road Everett, MA 02149
22-26 Elm Road, Everett, MA, 02149
$1,099,000
For Sale
$1,099,000
Proposed seven one-bedroom units in an apartment development project with walkable access to local amenities.
Property Size4,000 SF
Price / SF$274.75
Days on Market53
Property Features for 22-26 Elm Road
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 2026
Listing agency
Colarusso Realty
Listed by
Alexander Colarusso
(508) 823-9400
Source
Ballowhutchinsonrealestate
Added: May 30 Updated: Jul 21 at 5:36PM Checked: Jul 21 at 5:36PM
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 Colarusso Realty
Investment Insights
Based on property information with market context.
This offering presents a seven-unit residential development opportunity, proposed as seven one-bedroom units within an apartment building development setting. The project is positioned for rental and resale demand, providing multiple ways to realize value based on the final ownership structure.
Located at 22-26 Elm Road in Everett, the site is described as steps from the Riverwalk and within walking distance to Encore Boston Harbor. The property also notes convenient access to Boston, major highways, public transportation, and surrounding area amenities, supporting strong day-to-day connectivity for future residents.
Located at 22-26 Elm Road in Everett, the site is described as steps from the Riverwalk and within walking distance to Encore Boston Harbor. The property also notes convenient access to Boston, major highways, public transportation, and surrounding area amenities, supporting strong day-to-day connectivity for future residents.
Key Highlights
- Year built: 2026 (proposed development)
- Proposed 7‑unit apartment project with seven 1‑bedroom units
- Walkable access to the Riverwalk and Encore Boston Harbor
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $152.6k | $38.16 |
| − Vacancy | −$7.9k | −$1.98 |
| EGI | $144.7k | $36.18 |
| − OpEx | −$65.1k | −$16.28 |
| NOI | $79.6k | $19.90 |
4,000 SF · lease $38.16/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.14M
$994.8K – $1.33M
NOI $79,586 @ 7.0% cap · market cap 7.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,759 @ 7.0% cap · market cap 15.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Proposed seven one-bedroom units in an apartment development project with walkable access to local amenities.
Where is this apartment building located?
The property is located at 22-26 Elm Road Everett, MA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Year built: 2026 (proposed development); Proposed 7‑unit apartment project with seven 1‑bedroom units; Walkable access to the Riverwalk and Encore Boston Harbor
