Corner Lot Multifamily with
43-45 Shirley Street Everett, MA 02149
43-45 Shirley Street, Everett, MA, 02149
$899,900
For Sale
$899,900
Three-unit multifamily features studio, two-bedroom, and three-bedroom layouts with off-street parking and updated major systems.
Property Size2,184 SF
Price / SF$412.04
Days on Market57
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 Agency
New Boston Real Estate Services,LLC
Listed by
Matthew Quiceno
(508) 867-2800
Source
Miketoomeyrealestate
Added: May 21 Checked: Jul 15 at 10:28 pm
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
Investment Insights
Based on property information with market context.
This well-maintained multifamily property consists of three units arranged across multiple levels. The current unit mix includes a studio on the lower level, a spacious two-bedroom on the first floor, and a generous three-bedroom on the second floor. Major updates are already in place, including a heating system replacement in 2020 and 200-amp electric service. The property is currently vacant and ready for the next owner or operator to move forward with their preferred leasing plan.
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.
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.
Key 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
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 |
2,184 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$660.2K
$577.7K – $770.2K
NOI $46,214 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$620.8K
$543.2K – $724.2K
NOI $43,454 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,504 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit multifamily features studio, two-bedroom, and three-bedroom layouts with off-street parking and updated major systems.
Where is this triplex located?
The property is located at 43-45 Shirley Street Everett, MA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 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
