43-45 Shirley Street, Everett, MA 02149
Three-unit multifamily features studio, two-bedroom, and three-bedroom layouts with off-street parking and updated major systems.
- Added:
- May 21, 2026
- Days on Market:
- 50
- Last Refresh:
- Jun 21 at 2:13 am
Property Features for 43-45 Shirley Street
General Information
- Standard status
- Active
- Size
- 2,184 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1935
Listing office New Boston Real Estate Services,LLC
Listing date May 21, 2026
Source Miketoomeyrealestate
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 New Boston Real Estate Services,LLC
HighLights
- Three‑unit multifamily (built 1935) with studio in the lower level, 2‑bedroom on the first floor, and 3‑bedroom on the second floor
- Heating system replaced in 2020 and 200‑amp electric service in place
- Corner lot offers abundant off‑street parking
- Vacant property ready for the next owner
Overview
Set on a corner lot at 43–45 Shirley Street, the site includes off-street parking, which can be a practical benefit for both residents and owners. The corner-lot configuration is designed to support that parking convenience.
For tenants and buyers, the combination of unit types can support flexible occupancy strategies, from studio living to larger households needing additional bedrooms. With heating and electrical infrastructure addressed, new operators can focus on renting and day-to-day management, using the existing three-unit layout as the foundation for their leasing approach.
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 | $69.5k | $31.80 |
| − Vacancy | −$3.4k | −$1.57 |
| EGI | $66.0k | $30.23 |
| − OpEx | −$19.8k | −$9.07 |
| NOI | $46.2k | $21.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Everett
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.0435676
- Latitude
- 42.4111906
