Two-Family Home with Basement
For Sale
$974,900
Pending
53 Sycamore, Everett, MA 02149
As-is duplex with spacious units, basement space, and access to shopping, dining, transit, and major routes.
Property Size3,789 SF
Days on Market131
Property Features for 53 Sycamore
General Information
Standard status
Pending
Size
3,789 SF
Property subtype
Multi Family Home
Zoning
DD
Taxes and HOA fees
Annual Taxes
$9,506
Building Details
Building Size
3,789 SF
Year Built
1925
Stories
3
Units
2
Listing Agency:
Century 21 North East
(617) 438-5355
Listed By:
Pratt Properties Team
(617) 438-5355
Source:
Aucoinryanrealty
Added: Apr 23
Changed: Aug 29
Last Checked: Aug 29 at 10:15PM
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.
Built in 1925, this two-family residence offers spacious living areas across both units and is being sold in its current as-is condition. The basement provides additional space for future planning, while the property has been taxed as a three-family residence for more than 20 years. The configuration may suit an owner-occupant, rental operator, or multi-generational household, subject to applicable approvals and requirements.
Located at 53 Sycamore in Everett, the property is near shopping, dining, public transportation, and major routes. The driveway currently includes steps that can be removed to restore a one-car driveway configuration.
Located at 53 Sycamore in Everett, the property is near shopping, dining, public transportation, and major routes. The driveway currently includes steps that can be removed to restore a one-car driveway configuration.
Key Highlights
- Duplex property at 53 Sycamore, Everett, MA 02149
- Built in 1925 with two spacious residential units
- Taxed as a three‑family residence for over 20 years
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$80,177
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,603,540
$1.6M
Cap Rate 7%
$1,145,386
$1.1M
Cap Rate 9%
$890,856
$890.9K
Market Conditions
NOI Build-Up for 3,789 SF
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.
Gross rent
$120.5K $31.80/SF
− Vacancy
−$6.0K −$1.57/SF
EGI
$114.5K $30.23/SF
− OpEx
−$34.4K −$9.07/SF
NOI
$80.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,603,540
Cap Rate 7%
$1,145,386
Cap Rate 9%
$890,856
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,334
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - As-is duplex with spacious units, basement space, and access to shopping, dining, transit, and major routes.
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: Duplex property at 53 Sycamore, Everett, MA 02149; Built in 1925 with two spacious residential units; Taxed as a three‑family residence for over 20 years
