Two-Unit Duplex
31 Luke Everett, MA 02149
31 Luke, Everett, MA, 02149
$775,000
For Sale
$775,000
Spacious two-unit duplex in Everett, positioned across from a neighborhood park and near public transportation.
Property Size2,112 SF
Price / SF$366.95
Days on Market67
Property Features for 31 Luke
General Information
- Standard status
- Active
- Size
- 2,112 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
www.HomeZu.com
Listed by
Jason Saphire
(781) 233-1401
Source
Littlefieldre
Added: May 16 Updated: Jul 20 at 7:40PM Checked: Jul 21 at 7:04AM
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 www.HomeZu.com
Investment Insights
Based on property information with market context.
This two-unit duplex in Everett offers spacious living arrangements across a 2,112 square foot layout. The property is being sold as an opportunity that will require updates and improvements, making it a strong fit for buyers prepared to renovate and add value.
The duplex is located across from a neighborhood park and is just steps to public transportation, providing convenient commuter access with quick access to Boston.
Showings are scheduled to begin 5/23 and will be handled in small groups.
The duplex is located across from a neighborhood park and is just steps to public transportation, providing convenient commuter access with quick access to Boston.
Showings are scheduled to begin 5/23 and will be handled in small groups.
Key Highlights
- Two‑unit duplex in Everett with Year Built 1900
- Located across from a neighborhood park
- Near public transportation with quick access to Boston
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 | $67.2k | $31.80 |
| − Vacancy | −$3.3k | −$1.57 |
| EGI | $63.8k | $30.23 |
| − OpEx | −$19.2k | −$9.07 |
| NOI | $44.7k | $21.16 |
2,112 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$638.4K
$558.6K – $744.9K
NOI $44,691 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$600.3K
$525.3K – $700.4K
NOI $42,022 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,521 @ 7.0% cap · market cap 11.29%
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 - Spacious two-unit duplex in Everett, positioned across from a neighborhood park and near public transportation.
Where is this duplex located?
The property is located at 31 Luke Everett, MA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Two‑unit duplex in Everett with Year Built 1900; Located across from a neighborhood park; Near public transportation with quick access to Boston
