Duplex with Flexible
New
For Sale
$650,000
43 Dashwood St, Revere, MA 02151
Two-level duplex with adaptable bedroom configurations, private outdoor areas, parking, and proximity to the beach and transit.
Property Size1,960 SF
Price / SF$331.63
Days on Market6
Property Features for 43 Dashwood St
General Information
Standard status
Active
Size
1,960 SF
Property subtype
Multi-Family
Zoning
RB
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,493
Building Details
Building Size
1,960 SF
Year Built
1939
Stories
1
Listing Agency:
Keller Williams Realty Boston Northwest
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Sep 18
Changed: Sep 23
Last Checked: Sep 22 at 2:44PM
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 Keller Williams Realty Boston Northwest
Investment Insights
Based on property information with market context.
This 1,960-square-foot duplex, built in 1939, provides two residential levels with adaptable living arrangements. The first floor includes an open living and kitchen area, two bedrooms, two full bathrooms, and a primary bedroom with its own access to a patio. The upper level includes a private deck and French doors, with layouts that can function as either a two-bedroom, two-bathroom unit or a one-bedroom, one-bathroom unit paired with a separate studio-style area with one bedroom and one bathroom.
The property has vinyl siding, multiple replacement windows, natural gas heat, parking, and a crawl space with a vapor barrier that provides additional storage. It is located on a town-maintained dead-end street in Revere’s Oak Island neighborhood, near the beach, Wonderland Station and the Blue Line, shopping, and restaurants. The property is zoned RB.
The property has vinyl siding, multiple replacement windows, natural gas heat, parking, and a crawl space with a vapor barrier that provides additional storage. It is located on a town-maintained dead-end street in Revere’s Oak Island neighborhood, near the beach, Wonderland Station and the Blue Line, shopping, and restaurants. The property is zoned RB.
Key Highlights
- 1,960‑square‑foot duplex built in 1939
- First floor offers 2 bedrooms and 2 full bathrooms
- Upper level can accommodate 2 bedrooms and 2 bathrooms or a 1‑bedroom unit plus studio‑style space
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
$37,340
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
5.74%
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%
$746,800
$746.8K
Cap Rate 7%
$533,429
$533.4K
Cap Rate 9%
$414,889
$414.9K
Market Conditions
NOI Build-Up for 1,960 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
$56.4K $28.80/SF
− Vacancy
−$3.1K −$1.58/SF
EGI
$53.3K $27.22/SF
− OpEx
−$16.0K −$8.16/SF
NOI
$37.3K $19.05/SF
Area
Suffolk County, MA
Vacancy
5.50%
Lease Rate
$28.80 /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%
$746,800
Cap Rate 7%
$533,429
Cap Rate 9%
$414,889
Alternative Uses
Best Use
Multifamily LT 5
$533.4K
$466.8K – $622.3K
NOI $37,340 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$486.4K
$425.6K – $567.5K
NOI $34,048 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$1.16M
$1.02M – $1.35M
NOI $81,222 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
Explore this area
Business Placement
Demographics for 02151, MA
62,252
Population
23,461
Households
2.7
Avg Household Size
38
Median Age
25%
College-Educated
83%
High-School Grad
5.7 sq mi
ZIP Area
10,921
Density / Sq Mi
$80,948
Median Household Income
$43,374
Median Earnings
$1,964
Median Rent
$566,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level duplex with adaptable bedroom configurations, private outdoor areas, parking, and proximity to the beach and transit.
Where is this duplex located?
The property is located at 43 Dashwood St Revere, MA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1,960‑square‑foot duplex built in 1939; First floor offers 2 bedrooms and 2 full bathrooms; Upper level can accommodate 2 bedrooms and 2 bathrooms or a 1‑bedroom unit plus studio‑style space
