Movoto Real Estate
Sold on 01/27/2024

98 Shute, Everett, MA 02149

  • $848,856

    Last sold 01/27/2024 for $868K

  • 7

    bed

  • 2

    bath

  • 2,730

    Sqft ($318/Sqft)

Multi-family not for sale
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About 98 Shute

Property type Multi-family
Neighborhood
Year built 1929
HOA fee $0/month
Lot size 4,792 Sqft
Movoto estimate
Parking 2 garage spaces
Rental estimate
Property description
Introducing a meticulously well-maintained turnkey investment property, with great tenants already in place! Both units are under lease contracts through August 31, 2024 producing strong market rents of 2750, and 2850 respectively, for an annual total of $67,200. Good revenue coupled with very low operating costs make this property an absolute winner. Utilities are separately billed and paid by tenants. Ample square footage, parking for 5 vehicles, and a huge basement with separate laundry for each unit, add even more value to this offering. Multiple recent improvements include refinished hardwood floors and fresh paint in both units, a new garage roof and garage doors, new kitchen appliances and washer & dryer for unit 1, and new water heater for unit 1. Both units are de-leaded. Possible room for expansion in Unit 2's un-finished attic space.
Listed by
Listing Agent - Philip Murray
Listing Office - Compass
Source: MLS Property Information Network, Inc. mls logo
MLS#73193064 • last updated 2 years ago
Movoto checked MLS Property Information Network, Inc. for data 5 minutes ago
Overview
Levels/Style 3
MLS # 73193064
Type Residential Income
Status Closed
SubType 2 Family - 2 Units Up/Down
SqFt 2730
Lot Size (SqFt) 4792
Lot Size (Acres) 0.11
Annual Property Tax 8522
Year Built 1929
Interior
Total # of Bathrooms 2
# Full Baths 2
Total # of Bedrooms 7
Basement Full, Concrete, Unfinished
Total # of Rooms 13
Exterior
Foundation Stone
# Covered Spaces 2
Parking Desc Paved Drive, Off Street, Assigned, Stone/Gravel, Paved
# Parking Spaces 5
# Garage Spaces 2
Lot Desc Level
Amenities / Utilities
Sewer Public Sewer
Water Source Public
Location
County Middlesex
Community Features Public Transportation, Shopping, Park, Medical Facility, Highway Access, House Of Worship, Public School
Zoning DD
APN 000477322, 477322
Directions Broadway To Kenwood To Shute
Multifamily Details
Net Operating Income 67200
Total Actual Rent 5600
Financial Data Source Owner
Gross Income 67200
$848K
Range: $763K-$933K
Last 30 days 
Rental est.: $7,925/month
Gross rent multiplier: 8.9 - Good
  • Mar 2024
    mls logo MLS # 73193064
  • Mar 8, 2024 Sold
    $868,000 (+2.1%)
  • Jan 28, 2024 Active
  • Jan 15, 2024 Listed
    $849,900 (+63.8%)
  • Oct 2016
    mls logo MLS # 72078178
  • Oct 5, 2016 Listed
    $519,000
  • 98 Shute
    $868K
  • Glendale
    $595K -5% y/y
  • 02149
    $624K +7% y/y
  • Everett
    $619K -6% y/y
No chart available
Statistics calculated by Movoto

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2/10
Source: GreatSchools.org © 2026. All rights reserved.

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith in interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
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