Duplex with Private
New
For Sale
$789,000
40 Plymouth St, Everett, MA 02149
Residential Income, Everett, MA
Property Size1,726 SF
Lot Size0.05 Acres
Price / SF$457.13
Days on Market4
Property Features for 40 Plymouth St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
DD
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 4
Parking
1
Directions
GPS
Standard status
Active
APN
M:00G0 B:0001 L:000139,481534
Size
1,726 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9128
Amenities
private deck
on-site laundry
Building Details
Year built
1900
Floors in Building
3
Number of units
2
Listing Agency:
Keller Williams Realty Signature Properties
Listed By:
Al Styles
(781) 924-5766
Added: Sep 30
Last Checked: Oct 3 at 3:06AM
MLS# 73584637
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1900, this 1,726-square-foot duplex contains two residences on a 0.0482-acre lot. The first-floor apartment has two bedrooms, a renovated full bath, newer kitchen cabinets, granite countertops, hardwood floors, and natural light. The second unit occupies the upper two floors and includes three bedrooms, one full bath, a granite-counter kitchen, hardwood floors, and a private deck. Its bathroom has updated vinyl flooring and a vanity. Each residence has its own washer and dryer in the basement, along with separate utilities and gas heat.
The first-floor unit is vacant, while the upper apartment is occupied by a tenant at will. Nearby destinations include Sacramone Park, the Northern Strand Community Trail, Night Shift Brewing, Encore Boston Harbor, and Gateway Center. Routes 1 and 16, I-93, and MBTA bus service connecting to the Orange Line provide access to the surrounding area.
The first-floor unit is vacant, while the upper apartment is occupied by a tenant at will. Nearby destinations include Sacramone Park, the Northern Strand Community Trail, Night Shift Brewing, Encore Boston Harbor, and Gateway Center. Routes 1 and 16, I-93, and MBTA bus service connecting to the Orange Line provide access to the surrounding area.
Key Highlights
- Two‑unit duplex with 1,726 Square Feet on a 0.0482‑acre lot
- First‑floor unit has 2 bedrooms and a renovated full bath
- Upper residence spans the second and third floors and includes 3 bedrooms and a private deck
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,523
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$730,460
$730.5K
Cap Rate 7%
$521,757
$521.8K
Cap Rate 9%
$405,811
$405.8K
Market Conditions
NOI Build-Up for 1,726 SF
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.
Gross rent
$54.9K $31.80/SF
− Vacancy
−$2.7K −$1.57/SF
EGI
$52.2K $30.23/SF
− OpEx
−$15.7K −$9.07/SF
NOI
$36.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$730,460
Cap Rate 7%
$521,757
Cap Rate 9%
$405,811
Alternative Uses
Best Use
Multifamily LT 5
$521.8K
$456.5K – $608.7K
NOI $36,523 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$490.6K
$429.3K – $572.4K
NOI $34,342 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.02M
$894.1K – $1.19M
NOI $71,525 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,425
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities and dedicated laundry serve both residences.
Where is this duplex located?
The property is located at 40 Plymouth St Everett, MA.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,726 Square Feet on a 0.0482‑acre lot; First‑floor unit has 2 bedrooms and a renovated full bath; Upper residence spans the second and third floors and includes 3 bedrooms and a private deck
