Two-Unit Residential Income
24 Collins Street Amesbury, MA 01913
24 Collins Street, Amesbury, MA, 01913
$650,000
For Sale
$650,000
Solid two-family property with two separate HVAC systems, laundry hookups on each floor, and off-street parking.
Property Size2,120 SF
Price / SF$306.60
Days on Market120
Property Features for 24 Collins Street
General Information
- Standard status
- Active
- Size
- 2,120 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1870
Listing agency
StartPoint Realty
(978) 422-3999
Listed by
Maureen Knowles · License #9030456
(978) 422-3999
Source
Compass
Added: Mar 25 Updated: Jul 21 at 8:06PM Checked: Jul 21 at 8:06PM
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 StartPoint Realty
Investment Insights
Based on property information with market context.
This solid two-family duplex offers two separate units with open-concept kitchen and living areas, an oversized primary bedroom, and an additional bedroom in each unit. The property is configured with two furnaces, two water tanks, two electric panels, and two gas meters. Laundry hookups are provided on each floor, supporting convenient in-unit laundry setup. Outside, the home includes a spacious fenced yard with a storage shed and four off-street parking spaces.
Located near Amesbury’s downtown and minutes from I-495 and I-95, the property provides commuter-friendly access. The duplex sits at 24 Collins Street in Amesbury, Massachusetts.
Located near Amesbury’s downtown and minutes from I-495 and I-95, the property provides commuter-friendly access. The duplex sits at 24 Collins Street in Amesbury, Massachusetts.
Key Highlights
- Solid 2‑family with open‑concept kitchen/living areas in both units
- Two separate HVAC systems, two water tanks, two electric panels, and two gas meters
- Laundry hookup on each floor
Local Financial Insights For Multifamily LT 5
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 | $53.4k | $25.20 |
| − Vacancy | −$2.4k | −$1.13 |
| EGI | $51.0k | $24.07 |
| − OpEx | −$15.3k | −$7.22 |
| NOI | $35.7k | $16.85 |
2,120 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$510.2K
$446.4K – $595.2K
NOI $35,714 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$460.5K
$403.0K – $537.3K
NOI $32,238 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$1.26M
$1.10M – $1.46M
NOI $87,852 @ 7.0% cap · market cap 13.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Solid two-family property with two separate HVAC systems, laundry hookups on each floor, and off-street parking.
Where is this duplex located?
The property is located at 24 Collins Street Amesbury, MA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Solid 2‑family with open‑concept kitchen/living areas in both units; Two separate HVAC systems, two water tanks, two electric panels, and two gas meters; Laundry hookup on each floor
