Two-Family Duplex Income
28 Vernal Street Everett, MA 02149
28 Vernal Street, Everett, MA, 02149
$899,000
For Sale
$899,000
Duplex with 2 bedrooms on the first level and 4 bedrooms across the second and third levels.
Property Size2,334 SF
Price / SF$385.18
Days on Market114
Property Features for 28 Vernal Street
General Information
- Standard status
- Active
- Size
- 2,334 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1902
Listing agency
Mango Realty, Inc.
(617) 590-9143
Listed by
Norma Capuano Parziale · License #24440
Source
Arborviewrealtyinc
Added: Apr 1 Updated: Jul 23 at 3:52AM Checked: Jul 23 at 3:52AM
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 duplex is a standard 2-unit residence configured with 2 bedrooms on the first level. The second and third levels provide four additional bedrooms, for a total of six bedrooms across the building. The home includes upgrades to the heating and electric systems, replacement windows, and vinyl siding.
Outside, the property offers a driveway and yard. It is described as close to transportation, which can support convenient access for tenants and guests.
The layout and recent exterior and mechanical upgrades make this a straightforward option for buyers seeking a residential income property with a clear multi-level bedroom distribution and manageable on-site amenities.
Outside, the property offers a driveway and yard. It is described as close to transportation, which can support convenient access for tenants and guests.
The layout and recent exterior and mechanical upgrades make this a straightforward option for buyers seeking a residential income property with a clear multi-level bedroom distribution and manageable on-site amenities.
Key Highlights
- Two‑family duplex built in 1902
- Layout: 2 bedrooms on the first level and 4 bedrooms across the second and third levels
- 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 5.49%
Second Best
Apartment 5plus
$663.4K
$580.5K – $774.0K
NOI $46,439 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,720 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with 2 bedrooms on the first level and 4 bedrooms across the second and third levels.
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 $899,000.
What are key features of this property?
This property features: Two‑family duplex built in 1902; Layout: 2 bedrooms on the first level and 4 bedrooms across the second and third levels; Upgraded heat and electric
