Duplex with Two Detached
For Sale
$825,000
481 Humphrey, Swampscott, MA 01907
Two maintained residences on one parcel offer flexible living arrangements near the coast and downtown amenities.
Property Size2,471 SF
Days on Market190
Property Features for 481 Humphrey
General Information
Standard status
Active
Size
2,471 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,158
Building Details
Building Size
2,471 SF
Year Built
1798
Buildings
2
Listing Agency:
Marsh Properties, Inc.
Listed By:
Ellen Zumbado · License #9560446
(617) 716-0240
Source:
Donnellyandco
Added: Apr 10
Changed: Oct 13
Last Checked: Oct 15 at 6:27AM
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 Marsh Properties, Inc.
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Investment Insights
Based on property information with market context.
This duplex property comprises two single-family residences situated on one lot, with 2,471 square feet of property size and an 18th-century construction date of 1798. The homes feature wood and hardwood finishes, kitchens equipped with ranges, dishwashers, disposals, microwaves, and refrigerators, plus washer and dryer connections. Additional interior elements include porches, unfinished full basement space, walk-up and heated attic areas, open floorplans, and bathrooms with tub-and-shower or shower-stall configurations.
The property is located at 481 Humphrey Street in Swampscott, Massachusetts, within 0 to 1/10 mile to a public beach. Swampscott Harbor and Fisherman’s Beach are nearby, while downtown Swampscott provides access to shops, restaurants, and daily conveniences. Exterior construction includes frame and shingle materials, with level grounds and porch areas.
The property is located at 481 Humphrey Street in Swampscott, Massachusetts, within 0 to 1/10 mile to a public beach. Swampscott Harbor and Fisherman’s Beach are nearby, while downtown Swampscott provides access to shops, restaurants, and daily conveniences. Exterior construction includes frame and shingle materials, with level grounds and porch areas.
Key Highlights
- Two single‑family homes positioned on one lot
- 2,471 square feet of property size
- Located 0 to 1/10 Mile To Beach with public beach access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,627
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$832,540
$832.5K
Cap Rate 7%
$594,671
$594.7K
Cap Rate 9%
$462,522
$462.5K
Market Conditions
NOI Build-Up for 2,471 SF
Gross rent
$62.3K $25.20/SF
− Vacancy
−$2.8K −$1.13/SF
EGI
$59.5K $24.07/SF
− OpEx
−$17.8K −$7.22/SF
NOI
$41.6K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$832,540
Cap Rate 7%
$594,671
Cap Rate 9%
$462,522
Alternative Uses
Best Use
Multifamily LT 5
$594.7K
$520.3K – $693.8K
NOI $41,627 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$536.8K
$469.7K – $626.3K
NOI $37,575 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,398 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
362
Businesses Nearby
Explore this area
Business Placement
Demographics for 01907, MA
15,148
Population
6,666
Households
2.3
Avg Household Size
45
Median Age
62%
College-Educated
97%
High-School Grad
3.0 sq mi
ZIP Area
5,049
Density / Sq Mi
$127,714
Median Household Income
$70,837
Median Earnings
$2,206
Median Rent
$690,800
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
Frequently Asked Questions
What type of property is this?
Duplex - Two maintained residences on one parcel offer flexible living arrangements near the coast and downtown amenities.
Where is this duplex located?
The property is located at 481 Humphrey Swampscott, MA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Two single‑family homes positioned on one lot; 2,471 square feet of property size; Located 0 to 1/10 Mile To Beach with public beach access
