Two-Unit Residential Income
8 Ballard Street Saugus, MA 01906
8 Ballard Street, Saugus, MA, 01906
$899,900
For Sale
$899,900
Move-in-ready duplex on a corner lot with two separate units, screened porch, and a detached 2-car garage with loft.
Property Size2,302 SF
Price / SF$390.92
Days on Market55
Property Features for 8 Ballard Street
General Information
- Standard status
- Active
- Size
- 2,302 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1890
Listing agency
Lamacchia Realty, Inc.
(978) 210-6060
Listed by
Rosalee DiScipio
(978) 210-6060
Source
Lockandkeyre
Added: May 28 Updated: Jul 21 at 3:23AM Checked: Jul 21 at 3:23AM
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 Lamacchia Realty, Inc.
Investment Insights
Based on property information with market context.
This beautifully maintained two-family home is offered with true move-in-ready condition and two separate units. Each unit operates with separate utilities. The first-floor unit provides single-level living along with dedicated basement space. The second-floor unit includes two levels of living space and additional flexible upper-level room that can serve multiple uses. The home also features a welcoming screened porch and a spacious yard.
The property sits on a corner lot and includes a detached 2-car garage with an oversized loft space above, which can support a variety of creative, work, or storage needs. A 6-car driveway and fresh paint are noted among the improvements.
With separate utilities, multi-level flexibility in the upper unit, and supplemental garage loft space, the configuration is well suited for both owner-occupants and income-focused buyers seeking a turnkey setup.
The property sits on a corner lot and includes a detached 2-car garage with an oversized loft space above, which can support a variety of creative, work, or storage needs. A 6-car driveway and fresh paint are noted among the improvements.
With separate utilities, multi-level flexibility in the upper unit, and supplemental garage loft space, the configuration is well suited for both owner-occupants and income-focused buyers seeking a turnkey setup.
Key Highlights
- 2‑family home built in 1890 with two separate units and separate utilities
- Corner lot with a spacious yard and screened porch
- Detached 2‑car garage with oversized loft space above
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 | $58.0k | $25.20 |
| − Vacancy | −$2.6k | −$1.13 |
| EGI | $55.4k | $24.07 |
| − OpEx | −$16.6k | −$7.22 |
| NOI | $38.8k | $16.85 |
2,302 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$554.0K
$484.8K – $646.3K
NOI $38,780 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$500.1K
$437.6K – $583.4K
NOI $35,005 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,394 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Move-in-ready duplex on a corner lot with two separate units, screened porch, and a detached 2-car garage with loft.
Where is this duplex located?
The property is located at 8 Ballard Street Saugus, MA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 2‑family home built in 1890 with two separate units and separate utilities; Corner lot with a spacious yard and screened porch; Detached 2‑car garage with oversized loft space above
