Duplex with In-Ground
New
For Sale
$899,900
64 Sprague Street, Revere, MA 02151
Two separate living spaces include an owner’s residence and a lower-level apartment, each with its own laundry area.
Property Size2,693 SF
Price / SF$334.16
Days on Market5
Property Features for 64 Sprague Street
General Information
Standard status
Active
Size
2,693 SF
Property subtype
Multi-family
Amenities
inground pool
attached beverage cabana
separate shed
Building Details
Year Built
1930
Tenancy
Multi
Listing Agency:
Century 21 North East
Listed By:
Pratt Properties Team
(781) 286-8900
Source:
Sredboston
Added: Oct 4
Changed: Oct 7
Last Checked: Oct 7 at 12:39PM
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 Century 21 North East
Investment Insights
Based on property information with market context.
Built in 1930, this 2,693-square-foot duplex pairs an owner’s residence with a lower-level apartment. The owner’s unit has a first-floor bedroom and full bath, an eat-in kitchen, a living room with fireplace, a den or home office, and a laundry closet. Three additional bedrooms and another full bath are on the upper level, along with a deck off the principal bedroom. The apartment has one to two bedrooms, quality finishes, and a separate laundry area.
Outdoor features include an in-ground pool, an attached beverage cabana, and a separate shed. The property is located at 64 Sprague Street in Revere, Massachusetts.
Outdoor features include an in-ground pool, an attached beverage cabana, and a separate shed. The property is located at 64 Sprague Street in Revere, Massachusetts.
Key Highlights
- 2,693‑square‑foot duplex built in 1930
- Owner’s residence with four bedrooms, two full baths, and a second‑floor deck
- Lower‑level apartment with 1‑2 bedrooms and its own laundry area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,305
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,026,100
$1.0M
Cap Rate 7%
$732,929
$732.9K
Cap Rate 9%
$570,056
$570.1K
Market Conditions
NOI Build-Up for 2,693 SF
Gross rent
$77.6K $28.80/SF
− Vacancy
−$4.3K −$1.58/SF
EGI
$73.3K $27.22/SF
− OpEx
−$22.0K −$8.16/SF
NOI
$51.3K $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 Rate 5%
$1,026,100
Cap Rate 7%
$732,929
Cap Rate 9%
$570,056
Alternative Uses
Best Use
Multifamily LT 5
$732.9K
$641.3K – $855.1K
NOI $51,305 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$668.3K
$584.8K – $779.7K
NOI $46,781 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,597 @ 7.0% cap · market cap 12.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,386
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 - Two separate living spaces include an owner’s residence and a lower-level apartment, each with its own laundry area.
Where is this duplex located?
The property is located at 64 Sprague Street Revere, MA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 2,693‑square‑foot duplex built in 1930; Owner’s residence with four bedrooms, two full baths, and a second‑floor deck; Lower‑level apartment with 1‑2 bedrooms and its own laundry area
