Three-Story Duplex Under
For Sale
$995,000
80 Jones Road, Revere, MA 02151
A two-family property receiving new electrical, plumbing, heating systems, kitchens, baths, and insulation throughout.
Property Size2,000 SF
Price / SF$497.50
Days on Market209
Property Features for 80 Jones Road
General Information
Standard status
Active
Size
2,000 SF
Total Parking Spaces
4
Property subtype
Multi-family / 2 Family
Zoning
RB
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,997
Amenities
City/Town Sewer, Public, 200+ Amp Service
No
2.0
Screens
Full, Interior Access, Concrete Floor, Unfinished Basement
2
2.00
Fenced
Frame
Shingle
Corner Lot, Additional Land Avail., Level
Rain Gutters, Fenced Yard, Screens, Deck - Wood
Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Public)
Deck - Wood
Building Details
Year Built
1934
Stories
3
Listing Agency:
eRealty Advisors, Inc.
(617) 729-2618
Listed By:
Jeffrey Bowen · License #9068834
(617) 729-2618
Source:
Compass
Added: Feb 4
Changed: Aug 31
Last Checked: Aug 30 at 7:18AM
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 eRealty Advisors, Inc.
Investment Insights
Based on property information with market context.
This three-story duplex is being rebuilt from the studs with a comprehensive renovation planned throughout the 2,000-square-foot property. Scope includes new electrical, plumbing, heating systems, kitchens, baths, and insulation. A basement bonus or family room is also being finished, adding usable interior space to the two-family configuration.
The property occupies a level corner lot with fencing, rain gutters, screened areas, and a wood deck. Ocean views are noted, with the property located 1/10 to 3/10 mile from a public beach. Zoning is RB, and the structure dates to 1934. An approved separate ADU is also identified as an option for the owner to build and/or sell.
The property occupies a level corner lot with fencing, rain gutters, screened areas, and a wood deck. Ocean views are noted, with the property located 1/10 to 3/10 mile from a public beach. Zoning is RB, and the structure dates to 1934. An approved separate ADU is also identified as an option for the owner to build and/or sell.
Key Highlights
- 2,000 SF three‑story duplex with two‑family configuration
- Renovation includes new electrical, plumbing, heating systems, kitchens, baths, and insulation
- Property has been gutted to the studs
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,102
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$762,040
$762.0K
Cap Rate 7%
$544,314
$544.3K
Cap Rate 9%
$423,356
$423.4K
Market Conditions
NOI Build-Up for 2,000 SF
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.
Gross rent
$57.6K $28.80/SF
− Vacancy
−$3.2K −$1.58/SF
EGI
$54.4K $27.22/SF
− OpEx
−$16.3K −$8.16/SF
NOI
$38.1K $19.05/SF
Area
Suffolk County, MA
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$762,040
Cap Rate 7%
$544,314
Cap Rate 9%
$423,356
Alternative Uses
Best Use
Multifamily LT 5
$544.3K
$476.3K – $635.0K
NOI $38,102 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$496.3K
$434.3K – $579.0K
NOI $34,742 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,879 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
Explore this area
Business Placement
Demographics for 02151, MA
62,252
Population
23,461
Households
2.7
Avg Household Size
38
Median Age
25%
College-Educated
83%
High-School Grad
5.7 sq mi
ZIP Area
10,921
Density / Sq Mi
$80,948
Median Household Income
$43,374
Median Earnings
$1,964
Median Rent
$566,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - A two-family property receiving new electrical, plumbing, heating systems, kitchens, baths, and insulation throughout.
Where is this duplex located?
The property is located at 80 Jones Road Revere, 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: 2,000 SF three‑story duplex with two‑family configuration; Renovation includes new electrical, plumbing, heating systems, kitchens, baths, and insulation; Property has been gutted to the studs
