Building Details

Year Built 1998

Listing Agency: eXp Realty LLC - Corporate Office Show Phone

Listed By: Creatini Group Show Phone

Source: Exprealty

Added: Oct 1 Changed: Oct 17 Last Checked: Oct 16 at 12:02PM

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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 eXp Realty LLC - Corporate Office

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Investment Insights

Based on property information with market context.

Built in 1998, this side-by-side duplex contains two three-bedroom residences, each with two full bathrooms and a finished basement. One residence also has an additional basement bathroom. Interior features include hardwood flooring, granite countertops, and stainless steel appliances in one unit, with a spacious kitchen in the other. The property totals 3,640 square feet.

Separate yard areas give each residence outdoor space. Playgrounds and basketball courts are nearby.

Key Highlights

• Two side‑by‑side residences, each with 3 bedrooms and 2 full bathrooms
• Finished basement in each unit; one also has an additional basement bathroom
• 3,640‑square‑foot property built in 1998

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$61,320

Cap Rate

6.14%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,226,400 $1.2M

Cap Rate 7%

$876,000 $876.0K

Cap Rate 9%

$681,333 $681.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,640 SF

Gross rent

$91.7K $25.20/SF

− Vacancy

−$4.1K −$1.13/SF

EGI

$87.6K $24.07/SF

− OpEx

−$26.3K −$7.22/SF

NOI

$61.3K $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%

$1,226,400

Cap Rate 7%

$876,000

Cap Rate 9%

$681,333

Alternative Uses

Best Use

Multifamily LT 5

$876.0K

$766.5K – $1.02M (±1% cap)

NOI $61,320 @ 7.0% cap · market cap 6.14%

Second Best

Apartment 5plus

$790.7K

$691.9K – $922.5K (±1% cap)

NOI $55,351 @ 7.0% cap · market cap 5.54%

Theoretical Best

Office A

$2.15M

$1.89M – $2.51M (±1% cap)

NOI $150,841 @ 7.0% cap · market cap 15.10%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Pharmacy Dental Office Computer & Electronic Repair (Bike/Boat/Book/etc) Store Barber Shop Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

269

Businesses Nearby

Explore this area Business Placement

Demographics for 01906, MA

28,619

Population

11,259

Households

2.5

Avg Household Size

45

Median Age

31%

College-Educated

91%

High-School Grad

11.6 sq mi

ZIP Area

2,467

Density / Sq Mi

$100,819

Median Household Income

$52,189

Median Earnings

$1,982

Median Rent

$589,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two three-bedroom residences each have separate yard areas and finished basement space.

Where is this duplex located?

The property is located at 4 Seagirt Ave Saugus, MA.

What is the asking price?

The asking price for this property is $999,000.

What are key features of this property?

This property features: Two side‑by‑side residences, each with 3 bedrooms and 2 full bathrooms; Finished basement in each unit; one also has an additional basement bathroom; 3,640‑square‑foot property built in 1998