Duplex with Finished Lower
For Sale
$1,399,900
33 Tedford Ave, Revere, MA 02151
Two distinct residential units combine substantial living areas with flexible space, private outdoor amenities, and ample vehicle accommodation.
Property Size3,805 SF
Days on Market9
Property Features for 33 Tedford Ave
General Information
Standard status
Active
Size
3,805 SF
Total Parking Spaces
10
Property subtype
Multifamily
Units
Unit Mix
1 x 4BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,903
Amenities
gas fireplace
jacuzzi tub
above-ground pool
granite countertops
double ovens
Building Details
Building Size
3,805 SF
Year Built
2004
Buildings
1
Listing Agency:
Century 21 Mario Real Estate
(617) 651-6120
Listed By:
Team Bedoya
Source:
Classifiedrealtygroup
Added: Aug 12
Changed: Aug 14
Last Checked: Aug 20 at 4:41AM
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 Century 21 Mario Real Estate
Investment Insights
Based on property information with market context.
This duplex at 33 Tedford Ave includes a four-bedroom primary residence with an open kitchen and dining arrangement, a living room with gas fireplace, and a primary suite with private bath. The main level also includes another full bathroom with a Jacuzzi tub. A finished lower level adds a full bathroom, laundry area, sitting room, game room, and an additional flexible room, with its own exterior access.
The second unit contains two bedrooms, a kitchen, and a full bathroom. Outdoor improvements include a private backyard and above-ground swimming pool. Vehicle accommodation consists of a 2-car garage and approximately five additional off-street parking spaces. Built in 2004, the property is located in Revere, Massachusetts.
The second unit contains two bedrooms, a kitchen, and a full bathroom. Outdoor improvements include a private backyard and above-ground swimming pool. Vehicle accommodation consists of a 2-car garage and approximately five additional off-street parking spaces. Built in 2004, the property is located in Revere, Massachusetts.
Key Highlights
- Four‑bedroom primary unit with private primary bath
- Separate unit includes 2 bedrooms, kitchen, and full bathroom
- Finished lower level with full bathroom, laundry, sitting room, and game room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,490
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,449,800
$1.4M
Cap Rate 7%
$1,035,571
$1.0M
Cap Rate 9%
$805,444
$805.4K
Market Conditions
NOI Build-Up for 3,805 SF
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.
Gross rent
$109.6K $28.80/SF
− Vacancy
−$6.0K −$1.58/SF
EGI
$103.6K $27.22/SF
− OpEx
−$31.1K −$8.16/SF
NOI
$72.5K $19.05/SF
Area
Suffolk County, MA
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,449,800
Cap Rate 7%
$1,035,571
Cap Rate 9%
$805,444
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$906.1K – $1.21M
NOI $72,490 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$944.2K
$826.2K – $1.10M
NOI $66,097 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,678 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
Explore this area
Business Placement
Demographics for 02151, MA
62,252
Population
23,461
Households
2.7
Avg Household Size
38
Median Age
25%
College-Educated
83%
High-School Grad
5.7 sq mi
ZIP Area
10,921
Density / Sq Mi
$80,948
Median Household Income
$43,374
Median Earnings
$1,964
Median Rent
$566,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residential units combine substantial living areas with flexible space, private outdoor amenities, and ample vehicle accommodation.
Where is this duplex located?
The property is located at 33 Tedford Ave Revere, MA.
What is the asking price?
The asking price for this property is $1,399,900.
What are key features of this property?
This property features: Four‑bedroom primary unit with private primary bath; Separate unit includes 2 bedrooms, kitchen, and full bathroom; Finished lower level with full bathroom, laundry, sitting room, and game room
