Two-Unit Residential Income
8 Ballard Street, Saugus, MA 01906
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 Market164
Property Features for 8 Ballard Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Net Operating Income
Additional Details
Business Included
Utilities to Site
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
No
Tile, Carpet, Concrete, Hardwood, Stone/Ceramic Tile
1
Yes
Insulated Doors
2.0
Insulated Windows, Screens
Gas Dryer Hookup, Washer Hookup
Interior Access, Bulkhead, Concrete Floor, Unfinished Basement
Wood Burning
Ceiling Fan(s), Walk-In Closet(s), Bathroom With Tub & Shower, Smart Thermostat, Walk-Up Attic, Heated Attic, Remodeled, Living Room, Kitchen, Laundry Room
2
2.00
Conventional (2x4-2x6)
Shingle, Rubber
Corner Lot
Shed(s)
Balcony, Rain Gutters, Screens, Porch, Porch - Enclosed, Patio
Porch, Enclosed, Patio
Building Details
Year Built
Tenancy
Listing Agency:
Lamacchia Realty, Inc.
Listed By:
Rosalee DiScipio · License #9517782
(978) 993-3600
Source:
Compass
Added: May 28
Changed: Nov 7
Last Checked: Oct 28 at 8:56AM
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.
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,780
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$775,600
$775.6K
Cap Rate 7%
$554,000
$554.0K
Cap Rate 9%
$430,889
$430.9K
Market Conditions
NOI Build-Up for 2,302 SF
Gross rent
$58.0K $25.20/SF
− Vacancy
−$2.6K −$1.13/SF
EGI
$55.4K $24.07/SF
− OpEx
−$16.6K −$7.22/SF
NOI
$38.8K $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%
$775,600
Cap Rate 7%
$554,000
Cap Rate 9%
$430,889
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 authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Explore this area
Business Placement
Demographics for 01906, MA
28,619
Population
11,259
Households
2.5
Avg Household Size
45
Median Age
31%
College-Educated
91%
High-School Grad
11.6 sq mi
ZIP Area
2,467
Density / Sq Mi
$100,819
Median Household Income
$52,189
Median Earnings
$1,982
Median Rent
$589,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Essex County, MA
Properties on Market for Duplexes in Essex County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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
