Two-Family Home with
New
For Sale
$799,900
92 Elsie St, Everett, MA 02149
Duplex with two-bedroom units, enclosed porches, hardwood floors, and a private outdoor area on a dead-end street.
Property Size2,349 SF
Days on Market3
Property Features for 92 Elsie St
General Information
Standard status
Active
Size
2,349 SF
Property subtype
Investment
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$10,335
Amenities
enclosed porch
central vacuum
decorative fireplace
workshop space
attached garage
hardwood floors
large windows
expansive yard
Building Details
Building Size
2,349 SF
Year Built
1950
Stories
2
Units
2
Listing Agency:
All Things Real Estate, Inc.
Listed By:
Christopher Buono
(781) 820-9722
Source:
Elliman
Added: Sep 11
Last Checked: Sep 12 at 7:27AM
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 All Things Real Estate, Inc.
Investment Insights
Based on property information with market context.
Built in 1950, this duplex includes two residential units, each with two bedrooms, a generous living area, a kitchen or dining area, and an enclosed porch. Hardwood flooring and large windows appear in both units. The owner's unit adds a decorative fireplace, central vacuum, and an unfinished basement with workshop space, while the upper unit includes in-unit laundry.
An attached garage and substantial yard provide additional utility and outdoor space for gardening, recreation, or entertaining. The property sits at the end of a quiet dead-end street in Everett. WalkScore is 74, BikeScore is 61, and TransitScore is 49.
An attached garage and substantial yard provide additional utility and outdoor space for gardening, recreation, or entertaining. The property sits at the end of a quiet dead-end street in Everett. WalkScore is 74, BikeScore is 61, and TransitScore is 49.
Key Highlights
- Two residential units, each with 2 bedrooms
- Attached garage and unfinished basement with workshop space
- Enclosed porches provide additional usable area for both units
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
$49,706
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
6.21%
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%
$994,120
$994.1K
Cap Rate 7%
$710,086
$710.1K
Cap Rate 9%
$552,289
$552.3K
Market Conditions
NOI Build-Up for 2,349 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
$74.7K $31.80/SF
− Vacancy
−$3.7K −$1.57/SF
EGI
$71.0K $30.23/SF
− OpEx
−$21.3K −$9.07/SF
NOI
$49.7K $21.16/SF
Area
Middlesex County, MA
Vacancy
4.94%
Lease Rate
$31.80 /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%
$994,120
Cap Rate 7%
$710,086
Cap Rate 9%
$552,289
Alternative Uses
Best Use
Multifamily LT 5
$710.1K
$621.3K – $828.4K
NOI $49,706 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$667.7K
$584.2K – $779.0K
NOI $46,737 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,342 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,316
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
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two-bedroom units, enclosed porches, hardwood floors, and a private outdoor area on a dead-end street.
Where is this duplex located?
The property is located at 92 Elsie St Everett, MA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Two residential units, each with 2 bedrooms; Attached garage and unfinished basement with workshop space; Enclosed porches provide additional usable area for both units
