Three-Unit Residential Income
For Sale
$1,020,000
46 Revere Street, Everett, MA 02149
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$364.29
Days on Market80
Property Features for 46 Revere Street
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1925
Tenancy
Multi
Listing Agency:
Keller Williams Realty Signature Properties
Listed By:
Matthew Langlois
(781) 924-5766
Source:
Jbarrettrealty
Added: Jul 23
Changed: Oct 8
Last Checked: Oct 10 at 1:54AM
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
Estimated NOI and Cap Rate
NOI / Yr
$59,249
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,184,980
$1.2M
Cap Rate 7%
$846,414
$846.4K
Cap Rate 9%
$658,322
$658.3K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$89.0K $31.80/SF
− Vacancy
−$4.4K −$1.57/SF
EGI
$84.6K $30.23/SF
− OpEx
−$25.4K −$9.07/SF
NOI
$59.2K $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 Rate 5%
$1,184,980
Cap Rate 7%
$846,414
Cap Rate 9%
$658,322
Alternative Uses
Best Use
Multifamily LT 5
$846.4K
$740.6K – $987.5K
NOI $59,249 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$795.9K
$696.4K – $928.5K
NOI $55,711 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $116,031 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,870
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 $1,020,000.
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
