Building Details

Building Size 2,700 SF

Year Built 1912

Stories 2

Units 2

Listing Agency: Keller Williams Realty Evolution

Listed By: Alvarenga & Son's Team Show Phone

Source: Elliman

Added: Jul 16 Changed: Oct 11 Last Checked: Oct 16 at 10:22AM

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Investment Insights

Based on property information with market context.

This two-family duplex, built in 1912, offers updated interiors across both units, including hardwood flooring, updated bathrooms, newer windows, stainless steel appliances, and gas heat. The first floor has central AC, while enclosed rear porches and generous entrance closets serve the residence. A ground-level bonus room includes cabinets, sink, and refrigerator, with direct access to the backyard. All appliances remain, and the property will be delivered vacant.

The property combines two lots under one deed: the house occupies a 3649 sf lot and the second lot contains 4077 sf, for a total of 7726 sf. The expansive yard is fenced. The address is convenient to major routes and Logan Airport, with a Walk Score of 87, Transit Score of 56, and Bike Score of 48.

Key Highlights

• Two‑family duplex on two lots under one deed
• House lot measures 3649 sf; additional lot measures 4077 sf
• Total property area is 7726 sf with an expansive fenced yard

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,438

Cap Rate

6.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,028,760 $1.0M

Cap Rate 7%

$734,829 $734.8K

Cap Rate 9%

$571,533 $571.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,700 SF

Gross rent

$77.8K $28.80/SF

− Vacancy

−$4.3K −$1.58/SF

EGI

$73.5K $27.22/SF

− OpEx

−$22.0K −$8.16/SF

NOI

$51.4K $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 Rate 5%

$1,028,760

Cap Rate 7%

$734,829

Cap Rate 9%

$571,533

Alternative Uses

Best Use

Multifamily LT 5

$734.8K

$643.0K – $857.3K (±1% cap)

NOI $51,438 @ 7.0% cap · market cap 6.44%

Second Best

Apartment 5plus

$670.0K

$586.3K – $781.7K (±1% cap)

NOI $46,902 @ 7.0% cap · market cap 5.87%

Theoretical Best

Office A

$1.60M

$1.40M – $1.86M (±1% cap)

NOI $111,887 @ 7.0% cap · market cap 14.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Restaurant Skin Care Clinic Gym & Fitness Center Cafe & Coffee Shop

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

Yes

Fenced yard

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

606

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two lots on one deed provide a fenced yard and additional property area for this vacant duplex.

Where is this duplex located?

The property is located at 89 Dale St Revere, MA.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: Two‑family duplex on two lots under one deed; House lot measures 3649 sf; additional lot measures 4077 sf; Total property area is 7726 sf with an expansive fenced yard