Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Four-Unit Multifamily Property For Sale Title is generated by Realmo AI

    56 Mansfield Street, Everett, MA 02149

    View on Map
    Claim this Listing
    For Sale
    $1,299,000

    Four-unit multifamily property with separate utilities and off-street parking.

    Type:Multi-family / 4 Family
    Property size:
    3,920 SF
    Price / SF:
    $331/SF
    Added:
    Apr 6, 2026
    Days on Market:
    58
    Last Refresh:
    Apr 7 at 8:38 pm

    Property Features for 56 Mansfield Street

    General Information

    Standard status
    Active
    Size
    3,920 SF
    Property subtype
    Multi-family / 4 Family

    Building Details

    Year Built
    1921

    We can help!

    Listing Contact
    Farrar Realty Group

    Listing agent Farrar Realty Group

    Listing office Atlantic Coast Homes,Inc

    Listing date Apr 6, 2026

    Source Compass

    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 Atlantic Coast Homes,Inc

    HighLights

    • Four‑family home offering income potential.
    • Separate utilities for each unit.
    • Two 3‑bedroom multi‑level units.
    • Desirable location: walkable, close to amenities (restaurants, shops, hospitals, parks, schools, public transportation).
    • Ample off‑street parking.
    • Three separate porches and small yard space.

    Overview

    This four-unit multifamily property features two one-bedroom single-level units and two three-bedroom multi-level units. The property benefits from separate utilities for each unit and ample off-street parking. Three porches and a small yard provide space for outdoor activities. The location offers walkability and close proximity to restaurants, shops, hospitals, parks, schools, public transportation, and major routes.

    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 $124.7k $31.80
    − Vacancy −$6.2k −$1.57
    EGI $118.5k $30.23
    − OpEx −$35.5k −$9.07
    NOI $82.9k $21.16
    3,920 SF · lease $31.80/SF/yr · vacancy 4.94% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $1.18M
    $1.04M – $1.38M (±1% cap)
    NOI $82,949 @ 7.0% cap · market cap 6.39%
    Second Best
    Apartment 5plus
    $1.11M
    $974.9K – $1.30M (±1% cap)
    NOI $77,995 @ 7.0% cap · market cap 6.00%
    Theoretical Best
    Office A
    $2.32M
    $2.03M – $2.71M (±1% cap)
    NOI $162,444 @ 7.0% cap · market cap 12.51%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Everett
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.052114
    Latitude
    42.4079544

    Nearby Similar for Sale

    • $989,000
      3,565 SF

      Three-Family Property in Everett, MA

      Three-unit property in Everett with strong cash flow potential.
      15 Marie Ave, Everett, MA 02149
      View Details
    • $799,900
      1,608 SF

      Spacious Two-Family Home in Everett

      Two-family home with 5 bedrooms, 2 baths, patio, and garage.
      59 Woodville St, Everett, MA 02149
      View Details
    • $820,000
      1,836 SF

      Renovated Two-Family Home

      Newly renovated two-family home with modern amenities and desirable location.
      148 Florence St, Everett, MA 02149
      View Details
    • $625,000
      1,596 SF

      Commercial Building in Growing City

      1,596 sq ft commercial building with development potential.
      100 Summer St, Everett, MA 02149
      View Details
    • $885,000
      2,843 SF

      Spacious Multifamily Residence in Everett

      Two-story multifamily home with six bedrooms and two garages.
      105 Summer St, Everett, MA 02149
      View Details
    • $885,000
      2,843 SF

      Spacious Multi-Family Residence

      Two-story multi-family residence with six bedrooms and two bathrooms.
      105 Summer St, Everett, MA 02149
      View Details
    • $885,000
      2,843 SF

      Spacious Multifamily Residence in Everett

      Two-story multifamily home with six bedrooms and two garages.
      105 Summer Street, Everett, MA 02149
      View Details
    • $1,100,000
      3,202 SF

      Versatile Two-Family Home

      Lovingly maintained two-family home with character and spacious layout.
      17 Tufts Avenue, Everett, MA 02149
      View Details
    • $849,000
      1,836 SF

      Renovated Two-Family Home

      Renovated two-family home with modern amenities and desirable location.
      148 Florence St, Everett, MA 02149
      View Details
    • Contact for pricing
      39,584 SF

      Refrigerated Warehouse and Distribution Center

      39,584 SF refrigerated warehouse and distribution center for sale.
      155 Market Street, Everett, Massachusetts 02149
      View Details
    • $799,986

      Spacious Two-Family Home in Everett

      Versatile two-family home with Boston skyline views and prime location.
      65 Harvard St, Everett, MA 02149
      View Details
    • $60,000

      Renovated Salon in Downtown Everett

      Established salon with high ceilings and lamina flooring for sale.
      617 Broadway, Everett, MA 02149
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit multifamily property with separate utilities and off-street parking.
    Where is this quadplex located?
    The property is located at 56 Mansfield Street Everett, MA.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: Four‑family home offering income potential.; Separate utilities for each unit.; Two 3‑bedroom multi‑level units.
    (978) 777-4444
    We can help!
    Listing Contact
    Farrar Realty Group
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    56 Mansfield Street, Everett, MA 02149
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!