Two-Unit Duplex with Off-Street
New
For Sale
$789,000
33 Luke Rd, Everett, MA 02149
The first-floor residence is vacant, while both units include separate living and dining rooms and eat-in kitchens.
Property Size2,112 SF
Price / SF$373.58
Days on Market5
Property Features for 33 Luke Rd
General Information
Standard status
Active
Size
2,112 SF
Total Parking Spaces
3
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
laundry in basement
Building Details
Building Size
2,112 SF
Year Built
1900
Buildings
1
Listing Agency:
REMAX Andrew Realty Services
(781) 395-7676
Listed By:
Guy Contaldi
(617) 201-0247
Source:
Iverty
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 14 at 11:05PM
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 REMAX Andrew Realty Services
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Investment Insights
Based on property information with market context.
This 2,112-square-foot duplex in Everett contains two residences, each with separate living and dining rooms, an eat-in kitchen, and two bedrooms. Hardwood flooring is present in select areas, and each unit has an enclosed rear deck. The first-floor unit is vacant. Laundry is located in the basement, and the driveway provides off-street parking for up to three cars.
The property is across the street from a neighborhood park and within walking distance of public transportation. Shopping, restaurants, and everyday amenities are also nearby.
The property is across the street from a neighborhood park and within walking distance of public transportation. Shopping, restaurants, and everyday amenities are also nearby.
Key Highlights
- Two‑unit property with 2,112 square feet of building area
- First‑floor unit is vacant
- Both residences have separate living and dining rooms, eat‑in kitchens, and two bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,691
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$893,820
$893.8K
Cap Rate 7%
$638,443
$638.4K
Cap Rate 9%
$496,567
$496.6K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$67.2K $31.80/SF
− Vacancy
−$3.3K −$1.57/SF
EGI
$63.8K $30.23/SF
− OpEx
−$19.2K −$9.07/SF
NOI
$44.7K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$893,820
Cap Rate 7%
$638,443
Cap Rate 9%
$496,567
Alternative Uses
Best Use
Multifamily LT 5
$638.4K
$558.6K – $744.9K
NOI $44,691 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$600.3K
$525.3K – $700.4K
NOI $42,022 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,521 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,552
Businesses Nearby
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Business Placement
Demographics for 02149, MA
49,075
Population
18,541
Households
2.6
Avg Household Size
35
Median Age
23%
College-Educated
80%
High-School Grad
3.4 sq mi
ZIP Area
14,434
Density / Sq Mi
$79,658
Median Household Income
$40,836
Median Earnings
$1,988
Median Rent
$605,200
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?
Duplex - The first-floor residence is vacant, while both units include separate living and dining rooms and eat-in kitchens.
Where is this duplex located?
The property is located at 33 Luke Rd Everett, MA.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Two‑unit property with 2,112 square feet of building area; First‑floor unit is vacant; Both residences have separate living and dining rooms, eat‑in kitchens, and two bedrooms
