Multifamily Property Requiring
New
For Sale
$1,000,000
86 Francis, Everett, MA 02149
The property is being sold as-is and requires updates, offering a renovation project for a buyer.
Property Size3,441 SF
Days on Market3
Property Features for 86 Francis
General Information
Standard status
Active
Size
3,441 SF
Total Parking Spaces
4
Property subtype
Multifamily
Property Condition
Severity
Repairs Needed
Evidence
will require updates and renovation
Site & Location
Highway Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,896
Building Details
Building Size
3,441 SF
Year Built
1910
Listing Agency:
Real Broker MA, LLC
Listed By:
Tia Gilbert
(781) 475-6988
Source:
Classifiedrealtygroup
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:06AM
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 Real Broker MA, LLC
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Investment Insights
Based on property information with market context.
At 86 Francis in Everett, this multifamily property has 7 bedrooms and 4 bathrooms. Built in 1910, it is offered in as-is condition and requires updates and renovation.
Key Highlights
- 7 bedrooms and 4 bathrooms
- Built in 1910
- Being sold as‑is; updates and renovation are required
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,464
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,369,280
$1.4M
Cap Rate 7%
$978,057
$978.1K
Cap Rate 9%
$760,711
$760.7K
Market Conditions
NOI Build-Up for 3,441 SF
Gross rent
$131.3K $38.16/SF
− Vacancy
−$6.8K −$1.98/SF
EGI
$124.5K $36.18/SF
− OpEx
−$56.0K −$16.28/SF
NOI
$68.5K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,369,280
Cap Rate 7%
$978,057
Cap Rate 9%
$760,711
Alternative Uses
Best Use
Apartment 5plus
$978.1K
$855.8K – $1.14M
NOI $68,464 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,594 @ 7.0% cap · market cap 14.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,444
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property is being sold as-is and requires updates, offering a renovation project for a buyer.
Where is this multifamily property located?
The property is located at 86 Francis Everett, MA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 7 bedrooms and 4 bathrooms; Built in 1910; Being sold as‑is; updates and renovation are required
