Two-Family Residential Income
4 Clark Street Swampscott, MA 01907
4 Clark Street, Swampscott, MA, 01907
$739,900
For Sale
$739,900
Well-maintained two-family home with two porches, two beds per unit, updated heating and hot water, and four-car parking.
Property Size2,000 SF
Price / SF$369.95
Days on Market35
Property Features for 4 Clark Street
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1930
Listing agency
Coldwell Banker Realty - Marblehead
Listed by
Paula Pickett
(617) 731-4644
Source
Hammondre
Added: Jun 18 Updated: Jul 22 at 9:59AM Checked: Jul 22 at 9:59AM
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 Coldwell Banker Realty - Marblehead
Investment Insights
Based on property information with market context.
This well-maintained two-family property features two bedrooms in each unit, with spacious living and dining rooms, full bathrooms, and private porches. Both units have hardwood floors, while the bedrooms are currently carpeted. Unit 1 offers an updated kitchen with shaker-style cabinetry, modern appliances, and fresh paint throughout, while Unit 2 retains an older-style kitchen with room for personalization.
The property also includes updated heating and hot water systems and offers ample basement storage. Off-street parking is available for four vehicles total, with two tandem spaces per unit.
Each unit has its own private porch, supported by practical interior layouts and substantial basement storage for day-to-day use and organization.
The property also includes updated heating and hot water systems and offers ample basement storage. Off-street parking is available for four vehicles total, with two tandem spaces per unit.
Each unit has its own private porch, supported by practical interior layouts and substantial basement storage for day-to-day use and organization.
Key Highlights
- Well‑maintained two‑family home built in 1930
- Each unit features 2 bedrooms, spacious living and dining rooms, full baths, and private porches
- Hardwood floors throughout, with bedrooms currently carpeted
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 | $50.4k | $25.20 |
| − Vacancy | −$2.3k | −$1.13 |
| EGI | $48.1k | $24.07 |
| − OpEx | −$14.4k | −$7.22 |
| NOI | $33.7k | $16.85 |
2,000 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$481.3K
$421.2K – $561.5K
NOI $33,692 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$434.5K
$380.2K – $506.9K
NOI $30,413 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,879 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with two porches, two beds per unit, updated heating and hot water, and four-car parking.
Where is this duplex located?
The property is located at 4 Clark Street Swampscott, MA.
What is the asking price?
The asking price for this property is $739,900.
What are key features of this property?
This property features: Well‑maintained two‑family home built in 1930; Each unit features 2 bedrooms, spacious living and dining rooms, full baths, and private porches; Hardwood floors throughout, with bedrooms currently carpeted
