Spacious Two-Family Near
For Sale
$699,900
Pending
71 Ambrose St, Revere, MA 02151
Traditional two-family property near Broadway and Wonderland T Station.
Property Size1,932 SF
Lot Size0.09 Acres
Days on Market267
Property Features for 71 Ambrose St
General Information
Standard status
Pending
Size
1,932 SF
Lot size
0.09 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$6,055
Building Details
Building Size
1,932 SF
Year Built
1900
Stories
3
Units
2
Listing Agency:
Broad Sound Real Estate, LLC
(978) 423-7782
Listed By:
Nicholas Daher
(978) 423-7782
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 15
Last Checked: Aug 21 at 8:21AM
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 Broad Sound Real Estate, LLC
Investment Insights
Based on property information with market context.
This traditional, spacious two-family property is located near Broadway and 1.1 miles from Wonderland T Station. It features separate heating, hot water, and electrical systems for each unit. The first-floor unit includes one bedroom, a living room, a formal dining room, and a 14x6 sunroom. The upstairs unit spans two levels and comprises seven rooms. Note that the listed square footage excludes the sunroom. Both units will be delivered vacant.
Key Highlights
- Two‑family property, ideal for owner‑occupancy or investment.
- Convenient location: close to Broadway and 1.1 miles from Wonderland T Station.
- Separate utilities: heat, hot water, and electrical for each unit.
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
$36,807
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
5.26%
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%
$736,140
$736.1K
Cap Rate 7%
$525,814
$525.8K
Cap Rate 9%
$408,967
$409.0K
Market Conditions
NOI Build-Up for 1,932 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
$55.6K $28.80/SF
− Vacancy
−$3.1K −$1.58/SF
EGI
$52.6K $27.22/SF
− OpEx
−$15.8K −$8.16/SF
NOI
$36.8K $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%
$736,140
Cap Rate 7%
$525,814
Cap Rate 9%
$408,967
Alternative Uses
Best Use
Multifamily LT 5
$525.8K
$460.1K – $613.5K
NOI $36,807 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$479.4K
$419.5K – $559.4K
NOI $33,561 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$1.14M
$1.00M – $1.33M
NOI $80,062 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,421
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Traditional two-family property near Broadway and Wonderland T Station.
Where is this duplex located?
The property is located at 71 Ambrose St Revere, MA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two‑family property, ideal for owner‑occupancy or investment.; Convenient location: close to Broadway and 1.1 miles from Wonderland T Station.; Separate utilities: heat, hot water, and electrical for each unit.
