Two-Family with Additional
6-8 & 9 Richs Court Amesbury, MA 01913
6-8 & 9 Richs Court, Amesbury, MA, 01913
$799,000
For Sale
$799,000
Two-family residence with a renovated unit and an added partially paved lot across the court for parking possibilities.
Property Size3,165 SF
Price / SF$252.45
Days on Market13
Property Features for 6-8 & 9 Richs Court
General Information
- Standard status
- Active
- Size
- 3,165 SF
- Property subtype
- 2 Family - 2 Units Side by Side
Building Details
- Year Built
- 1850
Listing agency
Keller Williams Realty Evolution
(978) 480-8571
Listed by
Christian Smith
(978) 480-8571
Source
Lockandkeyre
Added: Jul 9 Updated: Jul 20 at 6:05PM Checked: Jul 21 at 3:24AM
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 Keller Williams Realty Evolution
Investment Insights
Based on property information with market context.
This two-family property is offered with an additional parcel at 9 Richs Court. The home includes a renovated side intended for owner occupancy, with the second unit providing rental income to offset the mortgage.
The combined parcels are set at the end of a quiet dead-end court in downtown Amesbury, near Market Square. A bonus lot across the court is partially paved and can be used for extra parking. The seller notes potential for an oversized garage with an ADU above, with buildability and permitted uses to be verified by the buyer.
Convenience is a key element of the offering, with proximity to downtown dining, shops, and the Riverwalk, and minutes to I-495 and I-95.
The combined parcels are set at the end of a quiet dead-end court in downtown Amesbury, near Market Square. A bonus lot across the court is partially paved and can be used for extra parking. The seller notes potential for an oversized garage with an ADU above, with buildability and permitted uses to be verified by the buyer.
Convenience is a key element of the offering, with proximity to downtown dining, shops, and the Riverwalk, and minutes to I-495 and I-95.
Key Highlights
- Two‑family residence built in 1850 with a renovated unit
- Includes an additional parcel at 9 Richs Court, offered together with the main property
- Bonus lot across the court is partially paved for additional parking
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 | $79.8k | $25.20 |
| − Vacancy | −$3.6k | −$1.13 |
| EGI | $76.2k | $24.07 |
| − OpEx | −$22.9k | −$7.22 |
| NOI | $53.3k | $16.85 |
3,165 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$761.7K
$666.5K – $888.6K
NOI $53,318 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$687.5K
$601.6K – $802.1K
NOI $48,128 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$1.87M
$1.64M – $2.19M
NOI $131,157 @ 7.0% cap · market cap 16.42%
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 - Two-family residence with a renovated unit and an added partially paved lot across the court for parking possibilities.
Where is this duplex located?
The property is located at 6-8 & 9 Richs Court Amesbury, MA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑family residence built in 1850 with a renovated unit; Includes an additional parcel at 9 Richs Court, offered together with the main property; Bonus lot across the court is partially paved for additional parking
