Triplex with Six
For Sale
$1,050,000
Pending
24-26 Edith Ave, Everett, MA 02149
Built in 1900, this three-story triplex offers six bedrooms and three full bathrooms across refined living space.
Property Size4,283 SF
Lot Size0.12 Acres
Days on Market118
Property Features for 24-26 Edith Ave
General Information
Standard status
Pending
Size
4,283 SF
Lot size
0.12 Acres
Property subtype
3 Family
Building Details
Year Built
1900
Stories
3
Listing Agency:
ERA Millennium
(617) 389-1101
Listed By:
Pat Roberto · License #134262
(617) 784-7500
Source:
Lockandkeyre
Added: May 11
Changed: Sep 4
Last Checked: Sep 5 at 6:13AM
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 ERA Millennium
Investment Insights
Based on property information with market context.
This 1900-built triplex at 24–26 Edith Ave spans three stories and provides 4,283 square feet of living space. The layout includes six bedrooms distributed across the building and three full bathrooms for resident comfort and functionality. The property is situated on a 5,027-square-foot lot, offering outdoor space for future use or enjoyment.
First showings are scheduled for Saturday, May 16th and Sunday, May 17th from 11:30 AM to 1:00 PM.
First showings are scheduled for Saturday, May 16th and Sunday, May 17th from 11:30 AM to 1:00 PM.
Key Highlights
- Built in 1900: three‑story triplex with 4,283 sq ft of living space
- 6 bedrooms total, distributed across three stories for private accommodations
- 3 full bathrooms for resident comfort and functionality
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
$90,630
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
8.63%
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%
$1,812,600
$1.8M
Cap Rate 7%
$1,294,714
$1.3M
Cap Rate 9%
$1,007,000
$1.0M
Market Conditions
NOI Build-Up for 4,283 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
$136.2K $31.80/SF
− Vacancy
−$6.7K −$1.57/SF
EGI
$129.5K $30.23/SF
− OpEx
−$38.8K −$9.07/SF
NOI
$90.6K $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%
$1,812,600
Cap Rate 7%
$1,294,714
Cap Rate 9%
$1,007,000
Alternative Uses
Best Use
Multifamily LT 5
$1.29M
$1.13M – $1.51M
NOI $90,630 @ 7.0% cap · market cap 8.63%
Second Best
Apartment 5plus
$1.22M
$1.07M – $1.42M
NOI $85,217 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$2.54M
$2.22M – $2.96M
NOI $177,486 @ 7.0% cap · market cap 16.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,036
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Built in 1900, this three-story triplex offers six bedrooms and three full bathrooms across refined living space.
Where is this triplex located?
The property is located at 24-26 Edith Ave Everett, MA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Built in 1900: three‑story triplex with 4,283 sq ft of living space; 6 bedrooms total, distributed across three stories for private accommodations; 3 full bathrooms for resident comfort and functionality
