Two-Unit Duplex with
37-39 Orchard Cir, Swampscott, MA 01907
For Sale
$950,000
Each residence includes in-unit laundry, hardwood floors, and three bedrooms.
Property Size1,920 SF
Price / SF$323.57
Days on Market15
Property Features for 37-39 Orchard Cir
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Lease Term
Additional Details
Multifamily Units
Amenities
hardwood floors
in-unit laundry
Building Details
Building Size
Year Built
Listing Agency:
The Proper Nest Real Estate
(781) 797-4020
Listed By:
Melissa Weinand
(781) 254-8669
Source:
Iverty
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 8 at 5:56AM
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 The Proper Nest Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,936-square-foot duplex, built in 1920, contains two similarly configured residences, each with three bedrooms, one full bathroom, hardwood flooring, and in-unit laundry. The first-floor apartment has been freshly painted; the upper unit includes wood kitchen cabinetry and a tiled bathroom. A newer roof and vinyl siding complement the property’s two-car garage.
The property is in Swampscott near an elementary school, local shops, restaurants, beaches, and transportation. Its two separate residences provide distinct living spaces within one building.
The property is in Swampscott near an elementary school, local shops, restaurants, beaches, and transportation. Its two separate residences provide distinct living spaces within one building.
Key Highlights
- Two residences, each with three bedrooms and one full bathroom
- 2,936 square feet; built in 1920
- Two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,460
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$989,200
$989.2K
Cap Rate 7%
$706,571
$706.6K
Cap Rate 9%
$549,556
$549.6K
Market Conditions
NOI Build-Up for 2,936 SF
Gross rent
$74.0K $25.20/SF
− Vacancy
−$3.3K −$1.13/SF
EGI
$70.7K $24.07/SF
− OpEx
−$21.2K −$7.22/SF
NOI
$49.5K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$989,200
Cap Rate 7%
$706,571
Cap Rate 9%
$549,556
Alternative Uses
Best Use
Multifamily LT 5
$706.6K
$618.3K – $824.3K
NOI $49,460 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$637.8K
$558.1K – $744.1K
NOI $44,646 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,667 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
Explore this area
Business Placement
Demographics for 01907, MA
15,148
Population
6,666
Households
2.3
Avg Household Size
45
Median Age
62%
College-Educated
97%
High-School Grad
3.0 sq mi
ZIP Area
5,049
Density / Sq Mi
$127,714
Median Household Income
$70,837
Median Earnings
$2,206
Median Rent
$690,800
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Essex County, MA
Properties on Market for Duplexes in Essex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes in-unit laundry, hardwood floors, and three bedrooms.
Where is this duplex located?
The property is located at 37-39 Orchard Cir Swampscott, MA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two residences, each with three bedrooms and one full bathroom; 2,936 square feet; built in 1920; Two‑car garage
