Duplex with Recreation
New
For Sale
$989,000
64 Pine St, Swampscott, MA 01907
Two-family home with a separate second-floor apartment and a finished lower-level recreation area.
Property Size1,760 SF
Days on Market1
Property Features for 64 Pine St
General Information
Standard status
Active
Size
1,760 SF
Total Parking Spaces
2
Property subtype
Multifamily
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,228
Amenities
first floor laundry
bonus lower level recreation area
private back yard
storage sheds
Building Details
Building Size
1,760 SF
Year Built
1920
Buildings
1
Listing Agency:
Stephen Cefalo Real Estate
Listed By:
Stephen Cefalo
(781) 789-5808
Source:
Classifiedrealtygroup
Added: Oct 16
Last Checked: Oct 16 at 2:22PM
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 Stephen Cefalo Real Estate
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Investment Insights
Based on property information with market context.
Built in 1920, this two-family home includes an eight-room main residence and a second-floor apartment. The interior features a modern kitchen, hardwood flooring, first-floor laundry, and an updated primary bathroom with a tile-and-glass shower. A 630-square-foot lower-level recreation area includes a bathroom and laundry facilities.
The property is located within walking distance of the Swampscott T station and less than one mile from the beach and boulevard walk. On-site parking accommodates two cars, with town-authorized winter parking for four additional cars. A private backyard and two large storage sheds provide additional outdoor space.
The property is located within walking distance of the Swampscott T station and less than one mile from the beach and boulevard walk. On-site parking accommodates two cars, with town-authorized winter parking for four additional cars. A private backyard and two large storage sheds provide additional outdoor space.
Key Highlights
- Two‑family property with a second‑floor apartment
- 630‑square‑foot lower‑level recreation area with bathroom and laundry
- Modern kitchen, hardwood floors, and updated primary bath with tile‑and‑glass shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,649
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$592,980
$593.0K
Cap Rate 7%
$423,557
$423.6K
Cap Rate 9%
$329,433
$329.4K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$44.4K $25.20/SF
− Vacancy
−$2.0K −$1.13/SF
EGI
$42.4K $24.07/SF
− OpEx
−$12.7K −$7.22/SF
NOI
$29.6K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$592,980
Cap Rate 7%
$423,557
Cap Rate 9%
$329,433
Alternative Uses
Best Use
Multifamily LT 5
$423.6K
$370.6K – $494.2K
NOI $29,649 @ 7.0% cap · market cap 3.00%
Second Best
Apartment 5plus
$382.3K
$334.5K – $446.1K
NOI $26,763 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$1.04M
$911.7K – $1.22M
NOI $72,934 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
939
Businesses Nearby
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Business Placement
Demographics for 01907, MA
15,148
Population
6,666
Households
2.3
Avg Household Size
45
Median Age
62%
College-Educated
97%
High-School Grad
3.0 sq mi
ZIP Area
5,049
Density / Sq Mi
$127,714
Median Household Income
$70,837
Median Earnings
$2,206
Median Rent
$690,800
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-family home with a separate second-floor apartment and a finished lower-level recreation area.
Where is this duplex located?
The property is located at 64 Pine St Swampscott, MA.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: Two‑family property with a second‑floor apartment; 630‑square‑foot lower‑level recreation area with bathroom and laundry; Modern kitchen, hardwood floors, and updated primary bath with tile‑and‑glass shower
