Two-Family Residential Income
50 Waitt Park Revere, MA 02151
For Sale
$519,999
Two-family property offered for sale and being sold AS IS, with showings limited to the scheduled open house.
Property Size1,540 SF
Price / SF$337.66
Days on Market8
Property Features for 50 Waitt Park
General Information
Standard status
Active
Size
1,540 SF
Property subtype
Multi-family
Building Details
Year Built
1920
Listing Agency:
Coldwell Banker Realty - Easton
Listed By:
Catherine Walsh
(617) 661-6600
Source:
Cambridgerealty
Added: Jul 22
Changed: Jul 27
Last Checked: Jul 28 at 10:53PM
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 Coldwell Banker Realty - Easton
Investment Insights
Based on property information with market context.
This two-family residential income property is being offered for sale in AS IS condition. The home presents a renovation opportunity for buyers seeking value-add improvements through a rehab or other contractor-driven approach.
Showings are available only during the advertised open house on Tuesday 7/28 from 12:00 PM to 1:00 PM. The property is described as being conveniently located near local amenities, transportation, and area attractions.
Interested buyers should plan accordingly for limited access to the property and consider suitable terms for an AS IS transaction.
Showings are available only during the advertised open house on Tuesday 7/28 from 12:00 PM to 1:00 PM. The property is described as being conveniently located near local amenities, transportation, and area attractions.
Interested buyers should plan accordingly for limited access to the property and consider suitable terms for an AS IS transaction.
Key Highlights
- Two‑family property built in 1920
- Offered for sale and sold AS IS
- Showings only available during the scheduled open house (Tuesday 7/28 from 12–1 pm)
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 | $44.4k | $28.80 |
| − Vacancy | −$2.4k | −$1.58 |
| EGI | $41.9k | $27.22 |
| − OpEx | −$12.6k | −$8.16 |
| NOI | $29.3k | $19.05 |
1,540 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$419.1K
$366.7K – $489.0K
NOI $29,339 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$382.2K
$334.4K – $445.9K
NOI $26,752 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$911.7K
$797.7K – $1.06M
NOI $63,817 @ 7.0% cap · market cap 12.27%
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 - Two-family property offered for sale and being sold AS IS, with showings limited to the scheduled open house.
Where is this duplex located?
The property is located at 50 Waitt Park Revere, MA.
What is the asking price?
The asking price for this property is $519,999.
What are key features of this property?
This property features: Two‑family property built in 1920; Offered for sale and sold AS IS; Showings only available during the scheduled open house (Tuesday 7/28 from 12–1 pm)
