Two-Family Home with
New
For Sale
$857,757
54 Ensign St, Revere, MA 02151
Duplex with updated kitchen, central air, patio, backyard, and a salt-water above-ground pool.
Property Size1,868 SF
Price / SF$459.18
Days on Market4
Property Features for 54 Ensign St
General Information
Standard status
Active
Size
1,868 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Amenities
fireplace
central air conditioning
salt water above-ground pool
patio
backyard
solar panels
Building Details
Building Size
1,868 SF
Year Built
1960
Buildings
1
Listing Agency:
Lewis & Clark Realty
(781) 289-5757
Listed By:
Lynne Lewis
(617) 799-7667
Source:
Iverty
Added: Sep 7
Changed: Sep 9
Last Checked: Sep 10 at 6:07AM
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 Lewis & Clark Realty
Investment Insights
Based on property information with market context.
This 1,868-square-foot duplex, built in 1960, offers two distinct living areas. The main level includes two bedrooms, a primary suite with half bath, hardwood flooring, a spacious living room with corner fireplace, and central air conditioning rated at 24,000 BTU. The kitchen was installed approximately five years ago and opens through sliding doors to the patio and backyard. The lower level contains four rooms suitable for extended-family living or additional household space.
Exterior and major system updates include a salt-water above-ground pool, solar panels installed in 2025, a roof approximately seven years old, vinyl replacement windows from 1989, full insulation completed in 2011, and a Pella picture window added in 2006. The property is located at 54 Ensign St in West Revere, just off Malden Street.
Exterior and major system updates include a salt-water above-ground pool, solar panels installed in 2025, a roof approximately seven years old, vinyl replacement windows from 1989, full insulation completed in 2011, and a Pella picture window added in 2006. The property is located at 54 Ensign St in West Revere, just off Malden Street.
Key Highlights
- 1,868‑square‑foot duplex built in 1960
- Main level includes two bedrooms plus a primary suite with half bath
- 24,000 BTU central air conditioning serves the main level
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
$35,588
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
4.15%
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%
$711,760
$711.8K
Cap Rate 7%
$508,400
$508.4K
Cap Rate 9%
$395,422
$395.4K
Market Conditions
NOI Build-Up for 1,868 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
$53.8K $28.80/SF
− Vacancy
−$3.0K −$1.58/SF
EGI
$50.8K $27.22/SF
− OpEx
−$15.3K −$8.16/SF
NOI
$35.6K $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%
$711,760
Cap Rate 7%
$508,400
Cap Rate 9%
$395,422
Alternative Uses
Best Use
Multifamily LT 5
$508.4K
$444.9K – $593.1K
NOI $35,588 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$463.6K
$405.6K – $540.8K
NOI $32,449 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$1.11M
$967.6K – $1.29M
NOI $77,409 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,275
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with updated kitchen, central air, patio, backyard, and a salt-water above-ground pool.
Where is this duplex located?
The property is located at 54 Ensign St Revere, MA.
What is the asking price?
The asking price for this property is $857,757.
What are key features of this property?
This property features: 1,868‑square‑foot duplex built in 1960; Main level includes two bedrooms plus a primary suite with half bath; 24,000 BTU central air conditioning serves the main level
