Split-Level Duplex with Enclosed
For Sale
$859,900
Pending
92 Newman St, Revere, MA 02151
Two-family residence with separate living areas, kitchens, sunroom, enclosed yard, and walk-out utility space.
Property Size2,510 SF
Days on Market50
Property Features for 92 Newman St
General Information
Standard status
Pending
Size
2,510 SF
Property subtype
Multi Family
Additional Details
Asking Price
$859,900
Public Transit
Yes
Multifamily Units
2
Amenities
fireplace
sunroom
enclosed yard
Building Details
Building Size
2,510 SF
Year Built
1969
Listing Agency:
Neil Real Estate
(781) 289-4999
Listed By:
Craig Neil
(617) 733-0000
Source:
Iverty
Added: Aug 19
Changed: Oct 6
Last Checked: Oct 5 at 7:35PM
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 Neil Real Estate
Investment Insights
Based on property information with market context.
This split-level duplex includes 12 rooms, five bedrooms, and two full tile baths across two connected living levels. The main floor features a foyer, fireplace-equipped living room, hardwood flooring, full kitchen with dining area, private sunroom, and three bedrooms with closets. A lower-level arrangement adds a family room, second kitchen and living area, bedroom, full bath, and walk-out utility room. Washer and dryer are included, and the exterior combines custom brick and wood construction.
The property also offers an enclosed yard and two driveways at 92 Newman St in Revere. Built in 1969, the residence provides distinct spaces for the two-family configuration along with flexible lower-level functionality.
The property also offers an enclosed yard and two driveways at 92 Newman St in Revere. Built in 1969, the residence provides distinct spaces for the two-family configuration along with flexible lower-level functionality.
Key Highlights
- Two‑family layout with 12 rooms, 5 bedrooms, and 2 full tile baths
- Main level includes fireplace living room, hardwood floors, kitchen, dining area, and sunroom
- Lower level has a second kitchen‑living area, bedroom, family room, and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,819
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$956,380
$956.4K
Cap Rate 7%
$683,129
$683.1K
Cap Rate 9%
$531,322
$531.3K
Market Conditions
NOI Build-Up for 2,510 SF
Gross rent
$72.3K $28.80/SF
− Vacancy
−$4.0K −$1.58/SF
EGI
$68.3K $27.22/SF
− OpEx
−$20.5K −$8.16/SF
NOI
$47.8K $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%
$956,380
Cap Rate 7%
$683,129
Cap Rate 9%
$531,322
Alternative Uses
Best Use
Multifamily LT 5
$683.1K
$597.7K – $797.0K
NOI $47,819 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$622.9K
$545.0K – $726.7K
NOI $43,602 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$1.49M
$1.30M – $1.73M
NOI $104,014 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
829
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with separate living areas, kitchens, sunroom, enclosed yard, and walk-out utility space.
Where is this duplex located?
The property is located at 92 Newman St Revere, MA.
What is the asking price?
The asking price for this property is $859,900.
What are key features of this property?
This property features: Two‑family layout with 12 rooms, 5 bedrooms, and 2 full tile baths; Main level includes fireplace living room, hardwood floors, kitchen, dining area, and sunroom; Lower level has a second kitchen‑living area, bedroom, family room, and full bath
