Four-Unit
New
For Sale
$1,199,900
441-445 Ferry St, Everett, MA 02149
Three-level multifamily building with a full basement and in-building laundry.
Property Size4,025 SF
Lot Size0.06 Acres
Price / SF$298.11
Days on Market2
Property Features for 441-445 Ferry St
General Information
Standard status
Active
Size
4,025 SF
Lot size
0.06 Acres
Property subtype
Multifamily
Additional Details
Public Transit
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$12,686
Amenities
in-building laundry
Building Details
Building Size
4,025 SF
Year Built
1900
Stories
3
Listing Agency:
Blue Ocean Realty, LLC
(857) 207-7579
Listed By:
Rose Hall
Source:
Classifiedrealtygroup
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 14 at 5:50AM
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 Blue Ocean Realty, LLC
Investment Insights
Based on property information with market context.
This 4,025 SF quadplex contains four residential units arranged across three levels, with a full basement adding functional support space. In-building laundry is located on the basement level. Constructed in 1900, the property occupies an over 2,614 SF lot and offers a compact multifamily configuration in Everett.
The property is near Broadway and provides access to the MBTA 104 bus serving Malden Center. Surrounding destinations identified for the property include Ferryway School, shopping, dining, Assembly Square, and Encore Boston Harbor. The address is 441-445 Ferry St, Everett, MA 02149.
The property is near Broadway and provides access to the MBTA 104 bus serving Malden Center. Surrounding destinations identified for the property include Ferryway School, shopping, dining, Assembly Square, and Encore Boston Harbor. The address is 441-445 Ferry St, Everett, MA 02149.
Key Highlights
- Four‑unit quadplex with approximately 4,025 SF
- Three levels plus a full basement
- Over 2,614 SF lot
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
$85,170
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
7.10%
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%
$1,703,400
$1.7M
Cap Rate 7%
$1,216,714
$1.2M
Cap Rate 9%
$946,333
$946.3K
Market Conditions
NOI Build-Up for 4,025 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
$128.0K $31.80/SF
− Vacancy
−$6.3K −$1.57/SF
EGI
$121.7K $30.23/SF
− OpEx
−$36.5K −$9.07/SF
NOI
$85.2K $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%
$1,703,400
Cap Rate 7%
$1,216,714
Cap Rate 9%
$946,333
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.06M – $1.42M
NOI $85,170 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$1.14M
$1.00M – $1.33M
NOI $80,084 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$2.38M
$2.08M – $2.78M
NOI $166,795 @ 7.0% cap · market cap 13.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,942
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Three-level multifamily building with a full basement and in-building laundry.
Where is this quadplex located?
The property is located at 441-445 Ferry St Everett, MA.
What is the asking price?
The asking price for this property is $1,199,900.
What are key features of this property?
This property features: Four‑unit quadplex with approximately 4,025 SF; Three levels plus a full basement; Over 2,614 SF lot
