Building Details

Year Built 1850

Listing Agency: J. Barrett & Company

Listed By: Felicia Trupiano · License #454006673 Show Phone

Source: Jbarrettrealty

Added: May 28 Changed: Oct 15 Last Checked: Oct 16 at 9:20AM

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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 J. Barrett & Company

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Investment Insights

Based on property information with market context.

Built in 1850, this 1,449-square-foot duplex contains two one-bedroom, one-bath residences. The first-floor unit includes hardwood flooring, a fireplaced living room, dining area, and kitchen, while the second residence has an open layout and private deck. Both units have in-unit laundry, with ocean and Boston skyline views adding a distinctive coastal setting.

The property is located at 74 Puritan Road in Swampscott, near beaches, downtown shops, restaurants, parks, and commuter rail service. Additional features include basement storage and a shared driveway. The home is also described as adaptable for single-family use or potential condo conversion.

Key Highlights

• Two one‑bedroom, one‑bath units within a 1,449‑square‑foot duplex
• Ocean and Boston skyline views
• In‑unit laundry in both residences

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,410

Cap Rate

3.06%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$488,200 $488.2K

Cap Rate 7%

$348,714 $348.7K

Cap Rate 9%

$271,222 $271.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,449 SF

Gross rent

$36.5K $25.20/SF

− Vacancy

−$1.6K −$1.13/SF

EGI

$34.9K $24.07/SF

− OpEx

−$10.5K −$7.22/SF

NOI

$24.4K $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%

$488,200

Cap Rate 7%

$348,714

Cap Rate 9%

$271,222

Alternative Uses

Best Use

Multifamily LT 5

$348.7K

$305.1K – $406.8K (±1% cap)

NOI $24,410 @ 7.0% cap · market cap 3.06%

Second Best

Apartment 5plus

$314.8K

$275.4K – $367.2K (±1% cap)

NOI $22,034 @ 7.0% cap · market cap 2.76%

Theoretical Best

Office A

$857.8K

$750.6K – $1.00M (±1% cap)

NOI $60,046 @ 7.0% cap · market cap 7.52%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Auto Parts Store Pharmacy Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

362

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two one-bedroom units offer in-unit laundry, wood floors, and shared basement storage.

Where is this duplex located?

The property is located at 74 Puritan Road Swampscott, MA.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: Two one‑bedroom, one‑bath units within a 1,449‑square‑foot duplex; Ocean and Boston skyline views; In‑unit laundry in both residences