Four-Unit Residential Income
8-10 School St Amesbury, MA 01913
8-10 School St, Amesbury, MA, 01913
$995,000
For Sale
$995,000
Four-unit building with vinyl siding, vinyl windows, and six off-street parking spaces plus basement storage.
Property Size3,740 SF
Price / SF$266.04
Days on Market36
Property Features for 8-10 School St
General Information
- Standard status
- Active
- Size
- 3,740 SF
- Property subtype
- 4 Family
Building Details
- Year Built
- 1870
Listing agency
Properties Unlimited
(978) 815-0941
Listed by
Robert Palmisano
(978) 815-0941
Source
Lockandkeyre
Added: Jun 16 Updated: Jul 20 at 8:13PM Checked: Jul 21 at 3:15AM
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 Properties Unlimited
Investment Insights
Based on property information with market context.
This four-unit residential income building in downtown Amesbury features vinyl siding and vinyl windows. The property includes six off-street parking spaces and offers significant basement storage that could support coin-operated laundry or individual storage areas for additional income. The third floor presents a potential opportunity for a fifth unit, though it requires complete rehabilitation.
The remarks note 7–25 Letter RE impacts from contamination associated with 6 School St and reference a vacant lot next to this property; see attachments for details.
At 100% occupancy, the gross rent is described as approximately $90,000+ in the provided materials.
The remarks note 7–25 Letter RE impacts from contamination associated with 6 School St and reference a vacant lot next to this property; see attachments for details.
At 100% occupancy, the gross rent is described as approximately $90,000+ in the provided materials.
Key Highlights
- 4‑unit downtown Amesbury building built in 1870
- Vinyl siding and vinyl windows
- 6‑car off‑street parking
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.2k | $25.20 |
| − Vacancy | −$4.2k | −$1.13 |
| EGI | $90.0k | $24.07 |
| − OpEx | −$27.0k | −$7.22 |
| NOI | $63.0k | $16.85 |
3,740 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$900.1K
$787.6K – $1.05M
NOI $63,005 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$812.5K
$710.9K – $947.9K
NOI $56,872 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $154,985 @ 7.0% cap · market cap 15.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Four-unit building with vinyl siding, vinyl windows, and six off-street parking spaces plus basement storage.
Where is this quadplex located?
The property is located at 8-10 School St Amesbury, MA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 4‑unit downtown Amesbury building built in 1870; Vinyl siding and vinyl windows; 6‑car off‑street parking
