Antique Duplex with Fenced
6 Spring St Amesbury, MA 01913
New
For Sale
$599,000
Antique duplex with walk-up attic, wide pine floors, and two fenced private back yards.
Property Size2,241 SF
Price / SF$267.29
Days on Market7
Property Features for 6 Spring St
General Information
Standard status
Active
Size
2,241 SF
Property subtype
2 Family - 2 Units Side by Side
Building Details
Year Built
1770
Listing Agency:
Lamacchia Realty, Inc.
(978) 609-3970
Listed By:
Cathy Toomey · License #452000038
(978) 609-3970
Source:
Lockandkeyre
Added: Jul 23
Changed: Jul 26
Last Checked: Jul 29 at 5:40AM
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 Lamacchia Realty, Inc.
Investment Insights
Based on property information with market context.
This antique duplex offers a flexible residential income configuration with wide pine floors throughout most rooms, along with some hardwood. A walk-up attic provides additional storage and could support future expansion. The left-side bathroom has been gutted and needs replacement, though plumbing is in place. The property also features a walk-up attic and a fenced back yard split into two private back yards.
Located less than a mile from downtown Amesbury, the home is close to local shops and restaurants and convenient to commuting routes.
Exterior improvements include roofing, siding, and fencing that are approximately 12 years old, with low-maintenance vinyl siding.
Located less than a mile from downtown Amesbury, the home is close to local shops and restaurants and convenient to commuting routes.
Exterior improvements include roofing, siding, and fencing that are approximately 12 years old, with low-maintenance vinyl siding.
Key Highlights
- Antique duplex built in 1770 with wide pine floors throughout most rooms (some hardwood as well).
- Walk‑up attic offers storage space and potential for future expansion.
- Bathroom on left side is gutted with plumbing already in place; needs replacement.
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 | $56.5k | $25.20 |
| − Vacancy | −$2.5k | −$1.13 |
| EGI | $53.9k | $24.07 |
| − OpEx | −$16.2k | −$7.22 |
| NOI | $37.8k | $16.85 |
2,241 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$539.3K
$471.9K – $629.2K
NOI $37,752 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$486.8K
$426.0K – $568.0K
NOI $34,078 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,866 @ 7.0% cap · market cap 15.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Antique duplex with walk-up attic, wide pine floors, and two fenced private back yards.
Where is this duplex located?
The property is located at 6 Spring St Amesbury, MA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Antique duplex built in 1770 with wide pine floors throughout most rooms (some hardwood as well).; Walk‑up attic offers storage space and potential for future expansion.; Bathroom on left side is gutted with plumbing already in place; needs replacement.
