Three-Unit Residential Income
46 Revere Street Everett, MA 02149
For Sale
$999,000
Freshly updated two-family with a finished third-floor bedroom and full bath, plus detached garage, off-street parking, and fenced yard.
Property Size2,800 SF
Price / SF$356.79
Days on Market8
Property Features for 46 Revere Street
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Multi-family
Building Details
Year Built
1925
Listing Agency:
Keller Williams Realty Signature Properties
Listed By:
Matthew Langlois
(978) 922-3683
Source:
Jbarrettrealty
Added: Jul 22
Changed: Jul 26
Last Checked: Jul 29 at 12:38AM
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 Signature Properties
Investment Insights
Based on property information with market context.
This freshly updated two-family residential income property offers flexible living and rental options, with both units delivered vacant. Recent improvements include brand-new kitchens with appliances, new flooring, updated bathrooms, recessed lighting, and fresh interior paint throughout. Additional building upgrades include a newer roof from 2020, as well as new boilers and water heaters from 2022.
The expansive third floor includes a spacious bedroom and a full bath, adding practical extra living space. Outside, the property offers a detached garage, off-street parking, and a fenced backyard.
The combination of updated interiors and functional outdoor space makes this a turnkey option for an owner-occupant or investor seeking immediate occupancy potential.
The expansive third floor includes a spacious bedroom and a full bath, adding practical extra living space. Outside, the property offers a detached garage, off-street parking, and a fenced backyard.
The combination of updated interiors and functional outdoor space makes this a turnkey option for an owner-occupant or investor seeking immediate occupancy potential.
Key Highlights
- Freshly updated two‑family with both units delivered vacant—set market rents or move in
- Brand‑new kitchens with appliances, updated baths, new flooring, recessed lighting, and freshly painted interiors
- Third floor adds a spacious bedroom with a full bath for extra living/versatility
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 | $89.0k | $31.80 |
| − Vacancy | −$4.4k | −$1.57 |
| EGI | $84.6k | $30.23 |
| − OpEx | −$25.4k | −$9.07 |
| NOI | $59.2k | $21.16 |
2,800 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$846.4K
$740.6K – $987.5K
NOI $59,249 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$795.9K
$696.4K – $928.5K
NOI $55,711 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $116,031 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Freshly updated two-family with a finished third-floor bedroom and full bath, plus detached garage, off-street parking, and fenced yard.
Where is this duplex located?
The property is located at 46 Revere Street Everett, MA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Freshly updated two‑family with both units delivered vacant—set market rents or move in; Brand‑new kitchens with appliances, updated baths, new flooring, recessed lighting, and freshly painted interiors; Third floor adds a spacious bedroom with a full bath for extra living/versatility
