Two-Family Duplex with Primary
For Sale
$1,120,000
54-56 Alden, Revere, MA 02151
Remodeled bath, multiple living areas, and a spacious en-suite primary suite serve distinct residential needs.
Property Size3,020 SF
Days on Market9
Property Features for 54-56 Alden
General Information
Standard status
Active
Size
3,020 SF
Total Parking Spaces
2
Property subtype
Multifamily
Taxes and HOA fees
Annual Taxes
$6,871
Building Details
Building Size
3,020 SF
Year Built
1925
Listing Agency:
Access
(617) 825-8000
Listed By:
Dot Collection
Source:
Classifiedrealtygroup
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 20 at 4:41AM
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 Access
Investment Insights
Based on property information with market context.
This two-family property, built in 1925, includes a first unit with 2 bedrooms, a remodeled full bathroom, separate dining and living rooms, and a second residence arranged across two levels. The upper unit extends to the third floor, where an en-suite primary bedroom provides an additional private living area and oversized bathroom.
Located in Revere’s Point of Pines neighborhood, the property is near Point of Pines Beach, Logan Airport, Boston, major highways, shopping, dining, and public transportation. Its two-unit configuration supports either owner occupancy with rental income or continued use as a residential income property, as described in the listing information.
Located in Revere’s Point of Pines neighborhood, the property is near Point of Pines Beach, Logan Airport, Boston, major highways, shopping, dining, and public transportation. Its two-unit configuration supports either owner occupancy with rental income or continued use as a residential income property, as described in the listing information.
Key Highlights
- Two‑family property in Revere’s Point of Pines neighborhood
- Unit 1 offers 2 beds, a remodeled full bath, dining room, and living room
- Bi‑level second‑floor residence extends to a 3rd‑floor primary suite
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
$57,535
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
5.14%
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%
$1,150,700
$1.2M
Cap Rate 7%
$821,929
$821.9K
Cap Rate 9%
$639,278
$639.3K
Market Conditions
NOI Build-Up for 3,020 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
$87.0K $28.80/SF
− Vacancy
−$4.8K −$1.58/SF
EGI
$82.2K $27.22/SF
− OpEx
−$24.7K −$8.16/SF
NOI
$57.5K $19.05/SF
Area
Suffolk County, MA
Vacancy
5.50%
Lease Rate
$28.80 /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%
$1,150,700
Cap Rate 7%
$821,929
Cap Rate 9%
$639,278
Alternative Uses
Best Use
Multifamily LT 5
$821.9K
$719.2K – $958.9K
NOI $57,535 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$749.4K
$655.8K – $874.4K
NOI $52,461 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$1.79M
$1.56M – $2.09M
NOI $125,148 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Explore this area
Business Placement
Demographics for 02151, MA
62,252
Population
23,461
Households
2.7
Avg Household Size
38
Median Age
25%
College-Educated
83%
High-School Grad
5.7 sq mi
ZIP Area
10,921
Density / Sq Mi
$80,948
Median Household Income
$43,374
Median Earnings
$1,964
Median Rent
$566,200
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 - Remodeled bath, multiple living areas, and a spacious en-suite primary suite serve distinct residential needs.
Where is this duplex located?
The property is located at 54-56 Alden Revere, MA.
What is the asking price?
The asking price for this property is $1,120,000.
What are key features of this property?
This property features: Two‑family property in Revere’s Point of Pines neighborhood; Unit 1 offers 2 beds, a remodeled full bath, dining room, and living room; Bi‑level second‑floor residence extends to a 3rd‑floor primary suite
