Two-Family Residential Income
40-42 Glendale Avenue Everett, MA 02149
40-42 Glendale Avenue, Everett, MA, 02149
$899,000
For Sale
$899,000
Well-maintained two-family with two 2-bedroom units, hardwood floors, and tile kitchens and baths.
Property Size2,066 SF
Price / SF$435.14
Days on Market124
Property Features for 40-42 Glendale Avenue
General Information
- Standard status
- Active
- Size
- 2,066 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Classified Realty Group
Listed by
Lynn Strazzere
(781) 545-3155
Source
Grandgables
Added: Mar 21 Updated: Jul 21 at 2:55PM Checked: Jul 22 at 7:28AM
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 residential income property offers two separate units, each with two bedrooms and one full bath. The home features hardwood flooring along with tile kitchens and bathrooms. The second-floor unit includes an open three-season porch, while the first-floor unit has an oversized deck overlooking the back yard and a bonus room in the basement.
Additional improvements include a brand new water tank and one brand new oil tank.
Located in Everett with convenient access to Route 1 north, Boston via I-93, public transportation, schools, and parks.
Additional improvements include a brand new water tank and one brand new oil tank.
Located in Everett with convenient access to Route 1 north, Boston via I-93, public transportation, schools, and parks.
Key Highlights
- Two‑family home built in 1900 with two 2‑bedroom units and one full bath per unit
- Hardwood flooring throughout, with tile kitchens and tile 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 4.86%
Second Best
Apartment 5plus
$587.2K
$513.8K – $685.1K
NOI $41,106 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,615 @ 7.0% cap · market cap 9.52%
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 two 2-bedroom units, hardwood floors, and tile kitchens and baths.
Where is this duplex located?
The property is located at 40-42 Glendale Avenue Everett, MA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two‑family home built in 1900 with two 2‑bedroom units and one full bath per unit; Hardwood flooring throughout, with tile kitchens and tile baths; Second‑floor unit includes an open 3‑season porch
