Three-Family Multifamily
53 Sycamore Everett, MA 02149
53 Sycamore, Everett, MA, 02149
$974,900
For Sale
$974,900
Large multifamily property taxed as a three-family for over 20 years and offered for sale as-is.
Property Size3,789 SF
Price / SF$257.30
Days on Market136
Property Features for 53 Sycamore
General Information
- Standard status
- Active
- Size
- 3,789 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1925
Listing agency
Century 21 North East
Listed by
Pratt Properties Team
(617) 750-6378
Source
Benoitrealestate
Added: Mar 9 Updated: Jul 21 at 1:21AM Checked: Jul 21 at 7:06AM
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 Century 21 North East
Investment Insights
Based on property information with market context.
This large multifamily home has been taxed as a three-family for over 20 years and is being sold as-is. The property provides spacious living areas within the units, supporting flexible use for owner-occupants or investors. The basement offers additional opportunity for extra living space, including a potential ADU concept, subject to applicable requirements.
The home is conveniently located near shopping, dining, public transportation, and major routes.
The driveway has had steps added, and the current configuration can be adjusted to restore a one-car driveway. Potential buyers should review the property on-site and confirm plans and feasibility during their due diligence.
The home is conveniently located near shopping, dining, public transportation, and major routes.
The driveway has had steps added, and the current configuration can be adjusted to restore a one-car driveway. Potential buyers should review the property on-site and confirm plans and feasibility during their due diligence.
Key Highlights
- Year built: 1925
- Large two‑family home taxed as a 3‑family for over 20 years
- Basement offers potential for an ADU or additional living space
Local 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 | $120.5k | $31.80 |
| − Vacancy | −$6.0k | −$1.57 |
| EGI | $114.5k | $30.23 |
| − OpEx | −$34.4k | −$9.07 |
| NOI | $80.2k | $21.16 |
3,789 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.00M – $1.34M
NOI $80,177 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$1.08M
$942.4K – $1.26M
NOI $75,388 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$2.24M
$1.96M – $2.62M
NOI $157,015 @ 7.0% cap · market cap 16.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Large multifamily property taxed as a three-family for over 20 years and offered for sale as-is.
Where is this duplex located?
The property is located at 53 Sycamore Everett, MA.
What is the asking price?
The asking price for this property is $974,900.
What are key features of this property?
This property features: Year built: 1925; Large two‑family home taxed as a 3‑family for over 20 years; Basement offers potential for an ADU or additional living space
