Renovated Duplex with Separate
New
For Sale
$1,050,000
70 Haith St, Revere, MA 02151
Two-family property with updated interiors, private entrances, dedicated laundry, and an extended driveway for parking.
Property Size2,751 SF
Price / SF$381.68
Days on Market4
Property Features for 70 Haith St
General Information
Standard status
Active
Size
2,751 SF
Property subtype
2 Family - 2 Units Up/Down
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Building Size
2,751 SF
Year Built
1920
Year Renovated
2020
Buildings
1
Listing Agency:
IVerty Realty, LLC
Listed By:
Mela Dieujuste · License #452508574
(413) 786-0584
Source:
Iverty
Added: Sep 10
Changed: Sep 12
Last Checked: Sep 12 at 2:56PM
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 IVerty Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1920 and renovated in 2020, this duplex contains 2,751 square feet across two residential units. The larger residence spans two levels with three bedrooms, two full bathrooms, an open living arrangement, a family room, storage, and a primary suite with walk-in closet. Its updated bathroom includes both an oversized shower and soaking tub.
The second apartment provides one bedroom, one full bathroom, an open-concept layout, a private entrance, separate utilities, and dedicated laundry. The property is located at 70 Haith St in Revere, on a dead-end street with an extended driveway and convenient access to major highways. The configuration supports owner occupancy with a separate apartment, extended-family use, or rental operation.
The second apartment provides one bedroom, one full bathroom, an open-concept layout, a private entrance, separate utilities, and dedicated laundry. The property is located at 70 Haith St in Revere, on a dead-end street with an extended driveway and convenient access to major highways. The configuration supports owner occupancy with a separate apartment, extended-family use, or rental operation.
Key Highlights
- 2,751‑square‑foot duplex with two residential units
- Larger unit offers 3 bedrooms, 2 full bathrooms, and two levels
- Second unit includes 1 bedroom, 1 full bathroom, private entrance, and dedicated laundry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,410
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,048,200
$1.0M
Cap Rate 7%
$748,714
$748.7K
Cap Rate 9%
$582,333
$582.3K
Market Conditions
NOI Build-Up for 2,751 SF
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.
Gross rent
$79.2K $28.80/SF
− Vacancy
−$4.4K −$1.58/SF
EGI
$74.9K $27.22/SF
− OpEx
−$22.5K −$8.16/SF
NOI
$52.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,048,200
Cap Rate 7%
$748,714
Cap Rate 9%
$582,333
Alternative Uses
Best Use
Multifamily LT 5
$748.7K
$655.1K – $873.5K
NOI $52,410 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$682.7K
$597.4K – $796.5K
NOI $47,788 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,001 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
362
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-family property with updated interiors, private entrances, dedicated laundry, and an extended driveway for parking.
Where is this duplex located?
The property is located at 70 Haith St Revere, MA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 2,751‑square‑foot duplex with two residential units; Larger unit offers 3 bedrooms, 2 full bathrooms, and two levels; Second unit includes 1 bedroom, 1 full bathroom, private entrance, and dedicated laundry
