Two-Unit Duplex with
New
For Sale
$749,900
25 Home Street, Beverly, MA 01915
Each apartment has separate heating and hot water systems, with those utility costs paid by tenants.
Property Size1,848 SF
Price / SF$405.79
Days on Market7
Property Features for 25 Home Street
General Information
Standard status
Active
Size
1,848 SF
Total Parking Spaces
2
Property subtype
Multi-family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
coin-operated laundry
large backyard
garage for storage
Building Details
Year Built
1880
Listing Agency:
North Shore Realty Advisors
Listed By:
Sara Pouladian · License #9063629
(617) 910-6646
Source:
Inrealtyinc
Added: Oct 4
Changed: Oct 10
Last Checked: Oct 10 at 1:11AM
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 North Shore Realty Advisors
Investment Insights
Based on property information with market context.
This 1,848-square-foot duplex, built in 1880, contains two apartments, each with two bedrooms, one bathroom, an eat-in kitchen, and generously sized rooms. Separate heating and hot water systems serve the units, and tenants pay those utility costs. Coin-operated laundry is located in the basement. A backyard, tandem parking for two cars, and a garage used for storage round out the property’s features.
The property is in downtown Beverly, near restaurants, shops, and entertainment. Beverly Depot is minutes away and provides commuter rail access.
The property is in downtown Beverly, near restaurants, shops, and entertainment. Beverly Depot is minutes away and provides commuter rail access.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 1,848 square feet; built in 1880
- Separate heating and hot water systems, with utility costs paid by tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,132
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,640
$622.6K
Cap Rate 7%
$444,743
$444.7K
Cap Rate 9%
$345,911
$345.9K
Market Conditions
NOI Build-Up for 1,848 SF
Gross rent
$46.6K $25.20/SF
− Vacancy
−$2.1K −$1.13/SF
EGI
$44.5K $24.07/SF
− OpEx
−$13.3K −$7.22/SF
NOI
$31.1K $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%
$622,640
Cap Rate 7%
$444,743
Cap Rate 9%
$345,911
Alternative Uses
Best Use
Multifamily LT 5
$444.7K
$389.2K – $518.9K
NOI $31,132 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$401.4K
$351.3K – $468.4K
NOI $28,101 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$1.09M
$957.3K – $1.28M
NOI $76,581 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,423
Businesses Nearby
Explore this area
Business Placement
Demographics for 01915, MA
42,341
Population
17,318
Households
2.4
Avg Household Size
40
Median Age
51%
College-Educated
97%
High-School Grad
14.2 sq mi
ZIP Area
2,982
Density / Sq Mi
$102,347
Median Household Income
$57,989
Median Earnings
$1,684
Median Rent
$619,600
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Each apartment has separate heating and hot water systems, with those utility costs paid by tenants.
Where is this duplex located?
The property is located at 25 Home Street Beverly, MA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; 1,848 square feet; built in 1880; Separate heating and hot water systems, with utility costs paid by tenants
