Building Details

Building Size 3,328 SF

Year Built 1920

Buildings 1

Listing Agency: REMAX Andrew Realty Services

Listed By: Guy Contaldi Show Phone

Source: Classifiedrealtygroup

Added: Sep 29 Changed: Oct 7 Last Checked: Oct 11 at 3:41AM

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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 REMAX Andrew Realty Services

Investment Insights

Based on property information with market context.

Built in 1920, this two-family home has distinct layouts across its units. The first includes two bedrooms, hardwood floors, a living area, and a front porch. The second spans two levels, with a main-floor bedroom and full bath, an eat-in kitchen, living room, and rear porch; three more bedrooms occupy the upper level. An oversized garage and driveway parking for up to four cars are also on site.

The property is on a side street just off Broadway, with public transportation, MBTA connections, shopping, supermarkets, restaurants, and Encore Boston Harbor nearby. Its WalkScore is 86 (Very Walkable), BikeScore is 67 (Bikeable), and TransitScore is 56 (Good Transit).

Key Highlights

• Two‑family home built in 1920
• First unit has 2 bedrooms, hardwood floors, a living area, and front porch
• Second unit spans two levels and has 4 bedrooms, an eat‑in kitchen, and a rear porch

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$70,422

Cap Rate

7.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,408,440 $1.4M

Cap Rate 7%

$1,006,029 $1.0M

Cap Rate 9%

$782,467 $782.5K

Market Conditions

NOI Build-Up for 3,328 SF

Gross rent

$105.8K $31.80/SF

− Vacancy

−$5.2K −$1.57/SF

EGI

$100.6K $30.23/SF

− OpEx

−$30.2K −$9.07/SF

NOI

$70.4K $21.16/SF

Area

Middlesex County, MA

Vacancy

4.94%

Lease Rate

$31.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,408,440

Cap Rate 7%

$1,006,029

Cap Rate 9%

$782,467

Alternative Uses

Best Use

Multifamily LT 5

$1.01M

$880.3K – $1.17M (±1% cap)

NOI $70,422 @ 7.0% cap · market cap 7.83%

Second Best

Apartment 5plus

$945.9K

$827.7K – $1.10M (±1% cap)

NOI $66,216 @ 7.0% cap · market cap 7.37%

Theoretical Best

Office A

$1.97M

$1.72M – $2.30M (±1% cap)

NOI $137,911 @ 7.0% cap · market cap 15.34%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Acupuncture Tech Support Center Accounting Firm

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

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

1,334

Businesses Nearby

Explore this area Business Placement

Demographics for 02149, MA

49,075

Population

18,541

Households

2.6

Avg Household Size

35

Median Age

23%

College-Educated

80%

High-School Grad

3.4 sq mi

ZIP Area

14,434

Density / Sq Mi

$79,658

Median Household Income

$40,836

Median Earnings

$1,988

Median Rent

$605,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Duplex - Two-family residence offers off-street parking and a two-level upper unit.

Where is this duplex located?

The property is located at 8-A Wilbur St Everett, MA.

What is the asking price?

The asking price for this property is $899,000.

What are key features of this property?

This property features: Two‑family home built in 1920; First unit has 2 bedrooms, hardwood floors, a living area, and front porch; Second unit spans two levels and has 4 bedrooms, an eat‑in kitchen, and a rear porch