Two-Family Residential Income
42 Genesee St Revere, MA 02151
42 Genesee St, Revere, MA, 02151
$824,974
Pending
For Sale
$824,974
Pending
Owner-occupied friendly duplex with separate heating systems, hardwood floors, basement storage, and long driveway off-street parking.
Property Size1,541 SF
Days on Market85
Property Features for 42 Genesee St
General Information
- Standard status
- Pending
- Size
- 1,541 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1930
Listing agency
United Brokers
(781) 629-2258
Listed by
Mission Impossible Team
(781) 629-2258
Source
Lockandkeyre
Added: Apr 28 Updated: Jul 21 at 5:15AM Checked: Jul 21 at 5:15AM
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 United Brokers
Investment Insights
Based on property information with market context.
This well-kept two-family duplex includes a 1-bed unit and a 2-bed unit, with practical layouts and hardwood floors throughout. Each unit is supported by separate heating systems, with abundant storage and a spacious basement adding additional functionality. The property is also described as having a long driveway for off-street parking.
Set on an oversized lot, the deed includes two lots, along with a separate street-facing lot that provides added outdoor space and may allow for future expansion or other uses, subject to buyer due diligence. The home has been owned and cared for by the same family since 1963.
With the option to optimize layouts, this duplex is positioned as a flexible offering for either an owner-occupant looking to offset housing costs or an investor pursuing value-add opportunities through interior configuration and rental growth.
Set on an oversized lot, the deed includes two lots, along with a separate street-facing lot that provides added outdoor space and may allow for future expansion or other uses, subject to buyer due diligence. The home has been owned and cared for by the same family since 1963.
With the option to optimize layouts, this duplex is positioned as a flexible offering for either an owner-occupant looking to offset housing costs or an investor pursuing value-add opportunities through interior configuration and rental growth.
Key Highlights
- 1930‑built 2‑family duplex with separate heating systems for each unit
- Unit mix: 1‑bed and 2‑bed units with hardwood floors and good natural light
- Spacious basement with abundant storage for additional room and storage needs
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 | $44.4k | $28.80 |
| − Vacancy | −$2.4k | −$1.58 |
| EGI | $41.9k | $27.22 |
| − OpEx | −$12.6k | −$8.16 |
| NOI | $29.4k | $19.05 |
1,541 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$419.4K
$367.0K – $489.3K
NOI $29,358 @ 7.0% cap · market cap 3.56%
Second Best
Apartment 5plus
$382.4K
$334.6K – $446.2K
NOI $26,769 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$912.3K
$798.2K – $1.06M
NOI $63,859 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Owner-occupied friendly duplex with separate heating systems, hardwood floors, basement storage, and long driveway off-street parking.
Where is this duplex located?
The property is located at 42 Genesee St Revere, MA.
What is the asking price?
The asking price for this property is $824,974.
What are key features of this property?
This property features: 1930‑built 2‑family duplex with separate heating systems for each unit; Unit mix: 1‑bed and 2‑bed units with hardwood floors and good natural light; Spacious basement with abundant storage for additional room and storage needs
