Two-Unit Duplex with Walk-Out
376 Ferry St, Everett, MA 02149
For Sale
$920,000
Vacant two-family residence with separate two- and four-bedroom layouts and central air conditioning infrastructure in place.
Property Size1,991 SF
Price / SF$462.08
Days on Market32
Property Features for 376 Ferry St
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Blueprint Brokers
(857) 204-7179
Listed By:
Robert Anderson
(781) 308-5391
Source:
Lockandkeyre
Added: Oct 7
Changed: Nov 7
Last Checked: Nov 7 at 5:12AM
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 Blueprint Brokers
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Investment Insights
Based on property information with market context.
Built in 1882, this duplex contains two units with a combined six bedrooms and three bathrooms. One apartment has two bedrooms; the other has four. The property is vacant and includes a walk-out basement. Central air conditioning infrastructure is installed, with finishing work remaining.
Located at 376 Ferry St in Everett, the property has public transportation and highway access toward downtown Boston. Shopping, dining, and public parks are described as nearby.
Located at 376 Ferry St in Everett, the property has public transportation and highway access toward downtown Boston. Shopping, dining, and public parks are described as nearby.
Key Highlights
- Two units with a combined 6 bedrooms and 3 bathrooms
- Unit layouts include 2 bedrooms and 4 bedrooms, respectively
- Walk‑out basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,130
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,600
$842.6K
Cap Rate 7%
$601,857
$601.9K
Cap Rate 9%
$468,111
$468.1K
Market Conditions
NOI Build-Up for 1,991 SF
Gross rent
$63.3K $31.80/SF
− Vacancy
−$3.1K −$1.57/SF
EGI
$60.2K $30.23/SF
− OpEx
−$18.1K −$9.07/SF
NOI
$42.1K $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%
$842,600
Cap Rate 7%
$601,857
Cap Rate 9%
$468,111
Alternative Uses
Best Use
Multifamily LT 5
$601.9K
$526.6K – $702.2K
NOI $42,130 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$565.9K
$495.2K – $660.2K
NOI $39,614 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,507 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,406
Businesses Nearby
Explore this area
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
$605,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Everett, MA
Properties on Market for Duplexes in Everett
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-family residence with separate two- and four-bedroom layouts and central air conditioning infrastructure in place.
Where is this duplex located?
The property is located at 376 Ferry St Everett, MA.
What is the asking price?
The asking price for this property is $920,000.
What are key features of this property?
This property features: Two units with a combined 6 bedrooms and 3 bathrooms; Unit layouts include 2 bedrooms and 4 bedrooms, respectively; Walk‑out basement
