Two-Family Residential Income
28 Vernal Street Everett, MA 02149
28 Vernal Street, Everett, MA, 02149
$949,900
For Sale
$949,900
Two-family home with 2 bedrooms on the first level and 4 on the upper levels, with upgraded heat and electric.
Property Size2,334 SF
Price / SF$406.98
Days on Market112
Property Features for 28 Vernal Street
General Information
- Standard status
- Active
- Size
- 2,334 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1902
Listing agency
Mango Realty, Inc.
(781) 558-1027
Listed by
Norma Capuano Parziale · License #24440
(781) 558-1027
Source
Compass
Added: Apr 1 Updated: Jul 20 at 4:38PM Checked: Jul 21 at 6:49AM
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 Mango Realty, Inc.
Investment Insights
Based on property information with market context.
This two-family residential income property is a standard two-unit house with a unit layout of 2 bedrooms on the first level. The second and third levels include 4 bedrooms total, providing additional space across the upper floors. Updates include upgraded heating and electrical systems, replacement windows, and vinyl siding. Outside, the property includes a driveway and yard.
Located at 28 Vernal Street in Everett, MA, the home is described as being close to transportation, supporting convenient access for residents and visitors.
Overall, the configuration offers a clear split between the first level and upper levels, alongside key building improvements such as heating/electrical upgrades and window replacement.
Located at 28 Vernal Street in Everett, MA, the home is described as being close to transportation, supporting convenient access for residents and visitors.
Overall, the configuration offers a clear split between the first level and upper levels, alongside key building improvements such as heating/electrical upgrades and window replacement.
Key Highlights
- Two‑family home with 2 bedrooms on the first level and 4 bedrooms across the second and third levels
- 3 full bathrooms and full basement
- Upgraded heat and electric
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 | $74.2k | $31.80 |
| − Vacancy | −$3.7k | −$1.57 |
| EGI | $70.6k | $30.23 |
| − OpEx | −$21.2k | −$9.07 |
| NOI | $49.4k | $21.16 |
2,334 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$705.5K
$617.4K – $823.1K
NOI $49,388 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$663.4K
$580.5K – $774.0K
NOI $46,439 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,720 @ 7.0% cap · market cap 10.18%
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 - Two-family home with 2 bedrooms on the first level and 4 on the upper levels, with upgraded heat and electric.
Where is this duplex located?
The property is located at 28 Vernal Street Everett, MA.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Two‑family home with 2 bedrooms on the first level and 4 bedrooms across the second and third levels; 3 full bathrooms and full basement; Upgraded heat and electric
