Three-Unit Multifamily with Heated
New
For Sale
$1,150,000
25 Venice Avenue, Saugus, MA 01906
A four-bedroom, two-story residence is complemented by two one-bedroom apartments and outdoor recreation amenities.
Property Size4,133 SF
Price / SF$278.25
Days on Market4
Property Features for 25 Venice Avenue
General Information
Standard status
Active
Size
4,133 SF
Property subtype
Multi-family
Lease Term
[]
Units
Unit Mix
1 x 4BR/2BA, 2 x 1BR/1BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Amenities
pool
deck
central air conditioning
garage
sunroom
half bathroom
Building Details
Year Built
1963
Buildings
1
Listing Agency:
Littlefield Real Estate
Listed By:
Keith Littlefield · License #9510657
(781) 389-0791
Source:
Littlefieldre
Added: Oct 18
Changed: Oct 21
Last Checked: Oct 21 at 2:19AM
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 Littlefield Real Estate
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Investment Insights
Based on property information with market context.
This legal three-family property combines a two-story, four-bedroom, two-bathroom main residence with two additional apartments, each configured with one bedroom and one bathroom. The main unit has an open living and dining area, two heating zones, and central air conditioning. A deck overlooks the heated in-ground pool, and pool users can access a half bathroom from outside. The property also includes a two-car garage with an attached sunroom, vinyl siding, a newer roof, and driveways on both sides of the house. It was built in 1963.
Located at 25 Venice Avenue in Saugus, the property has highway access and is near shopping and entertainment. Boston is a 15-minute drive away.
Located at 25 Venice Avenue in Saugus, the property has highway access and is near shopping and entertainment. Boston is a 15-minute drive away.
Key Highlights
- Legal three‑family property with one four‑bedroom unit and two one‑bedroom apartments
- Main residence has 4 bedrooms, 2 bathrooms, and spans two floors
- Heated in‑ground pool with deck and an exterior‑access half bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,625
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,392,500
$1.4M
Cap Rate 7%
$994,643
$994.6K
Cap Rate 9%
$773,611
$773.6K
Market Conditions
NOI Build-Up for 4,133 SF
Gross rent
$104.2K $25.20/SF
− Vacancy
−$4.7K −$1.13/SF
EGI
$99.5K $24.07/SF
− OpEx
−$29.8K −$7.22/SF
NOI
$69.6K $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%
$1,392,500
Cap Rate 7%
$994,643
Cap Rate 9%
$773,611
Alternative Uses
Best Use
Multifamily LT 5
$994.6K
$870.3K – $1.16M
NOI $69,625 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$897.8K
$785.6K – $1.05M
NOI $62,848 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$2.45M
$2.14M – $2.85M
NOI $171,270 @ 7.0% cap · market cap 14.89%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
Explore this area
Business Placement
Demographics for 01906, MA
28,619
Population
11,259
Households
2.5
Avg Household Size
45
Median Age
31%
College-Educated
91%
High-School Grad
11.6 sq mi
ZIP Area
2,467
Density / Sq Mi
$100,819
Median Household Income
$52,189
Median Earnings
$1,982
Median Rent
$589,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A four-bedroom, two-story residence is complemented by two one-bedroom apartments and outdoor recreation amenities.
Where is this triplex located?
The property is located at 25 Venice Avenue Saugus, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Legal three‑family property with one four‑bedroom unit and two one‑bedroom apartments; Main residence has 4 bedrooms, 2 bathrooms, and spans two floors; Heated in‑ground pool with deck and an exterior‑access half bathroom
