Building Details

Building Size 2,492 SF

Year Built 1978

Listing Agency: Littlefield Real Estate, LLC

Listed By: Keith Littlefield · License #9510657 Show Phone

Source: Classifiedrealtygroup

Added: Sep 2 Changed: Oct 17 Last Checked: Oct 16 at 6:10AM

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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, LLC

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Investment Insights

Based on property information with market context.

This legal two-family home offers approximately 2,500 square feet of living space in a cul-de-sac setting. The owner's unit includes three bedrooms, two updated bathrooms, an updated kitchen with granite countertops, stainless steel appliances, and an oversized island. Hardwood floors, mini-split air conditioning, a fireplace, and a slider to the deck add to the main living areas. The lower level includes finished space with a second fireplace, bathroom, kitchenette, office, and living room.

The second unit has one bedroom, one bathroom, a newer kitchen and bathroom, and direct backyard access through a slider. Separate utilities and driveways support independent occupancy, while off-street parking accommodates the property. Additional features include gas heat, vinyl siding, solar panels, and a newer storage shed. Built in 1978.

Key Highlights

• Approximately 2,500 square feet of living space
• Owner's unit includes 3 bedrooms and 2 updated bathrooms
• Separate 1‑bedroom, 1‑bathroom unit with newer kitchen and bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$42,116

Cap Rate

4.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$842,320 $842.3K

Cap Rate 7%

$601,657 $601.7K

Cap Rate 9%

$467,956 $468.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,500 SF

Gross rent

$63.0K $25.20/SF

− Vacancy

−$2.8K −$1.13/SF

EGI

$60.2K $24.07/SF

− OpEx

−$18.0K −$7.22/SF

NOI

$42.1K $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%

$842,320

Cap Rate 7%

$601,657

Cap Rate 9%

$467,956

Alternative Uses

Best Use

Multifamily LT 5

$601.7K

$526.5K – $701.9K (±1% cap)

NOI $42,116 @ 7.0% cap · market cap 4.74%

Second Best

Apartment 5plus

$543.1K

$475.2K – $633.6K (±1% cap)

NOI $38,016 @ 7.0% cap · market cap 4.28%

Theoretical Best

Office A

$1.48M

$1.29M – $1.73M (±1% cap)

NOI $103,599 @ 7.0% cap · market cap 11.65%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office (Bike/Boat/Book/etc) Store Computer & Electronic Repair Daycare Center Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

173

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Legal two-family property with separate utilities, driveways, gas heat, solar panels, and off-street parking.

Where is this duplex located?

The property is located at 27 Carr Rd Saugus, MA.

What is the asking price?

The asking price for this property is $889,000.

What are key features of this property?

This property features: Approximately 2,500 square feet of living space; Owner's unit includes 3 bedrooms and 2 updated bathrooms; Separate 1‑bedroom, 1‑bathroom unit with newer kitchen and bathroom