Two-Family Residential Income
40-42 Glendale Ave Everett, MA 02149
40-42 Glendale Ave, Everett, MA, 02149
$839,999
For Sale
$839,999
Well-maintained two-family with 2 bedrooms per unit, hardwood floors, and tiled kitchens and baths.
Property Size2,066 SF
Price / SF$406.58
Days on Market119
Property Features for 40-42 Glendale Ave
General Information
- Standard status
- Active
- Size
- 2,066 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing agency
Classified Realty Group
(781) 771-4919
Listed by
Lynn Strazzere
Source
Hometown-team
Added: Mar 25 Updated: Jul 21 at 4:50AM Checked: Jul 21 at 4:50AM
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 Classified Realty Group
Investment Insights
Based on property information with market context.
This well-maintained two-family property offers two units, each with two bedrooms and one full bath. The home features hardwood flooring and tiled kitchens and baths. The first floor includes an oversize deck overlooking the back yard and a bonus room in the basement. The second floor unit includes an open three-season porch.
The property is located in Everett with convenient access to Route 1 north and Boston via I-93, as well as public transportation, schools, and parks.
Recent updates include a brand-new water tank and one brand-new oil tank.
The property is located in Everett with convenient access to Route 1 north and Boston via I-93, as well as public transportation, schools, and parks.
Recent updates include a brand-new water tank and one brand-new oil tank.
Key Highlights
- Well‑maintained two‑family built in 1900 with 2 bedrooms and 1 full bath per unit
- Hardwood flooring throughout and tiled kitchens and baths
- Second‑floor unit includes an open 3‑season porch
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 | $65.7k | $31.80 |
| − Vacancy | −$3.2k | −$1.57 |
| EGI | $62.5k | $30.23 |
| − OpEx | −$18.7k | −$9.07 |
| NOI | $43.7k | $21.16 |
2,066 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$624.5K
$546.5K – $728.6K
NOI $43,717 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$587.2K
$513.8K – $685.1K
NOI $41,106 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,615 @ 7.0% cap · market cap 10.19%
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 with 2 bedrooms per unit, hardwood floors, and tiled kitchens and baths.
Where is this duplex located?
The property is located at 40-42 Glendale Ave Everett, MA.
What is the asking price?
The asking price for this property is $839,999.
What are key features of this property?
This property features: Well‑maintained two‑family built in 1900 with 2 bedrooms and 1 full bath per unit; Hardwood flooring throughout and tiled kitchens and baths; Second‑floor unit includes an open 3‑season porch
