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$1,150,000
Total Beds: 6 Total Baths: 3
Total Units: 3 SQFT: 3537
LOT size: 0.09 Acres
42 Pearl St
Everett, MA 02149
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Property Description

An outstanding opportunity for investors and owner-occupants alike! This well-maintained three-family offers approximately 3,537 sq ft of living space, excellent income potential, and a convenient location near the Malden line. With the second-floor apartment vacant, buyers can move right in while collecting rental income from two occupied units or lease all three as an investment. Each spacious apartment features 2+ bedrooms, one full bath, high ceilings, abundant natural light, a functional layout, and rear porch. Additional highlights include separate utilities and heating systems, laundry, and basement access. Recent improvements include fresh paint and carpeting in the common hallway and newly painted Unit 2. All three units have Letters of Full Compliance dated 2019 or 2020. A generous driveway accommodates approximately 4–5 vehicles and leads to a garage with potential for two-car parking with improvements. Ideally located just off Main Street, near neighborhood shops, restaurants, MBTA bus service connecting to the Orange Line, and convenient access to Route 93, downtown Boston, and Logan Airport. Approximately one mile from Encore Boston Harbor. Whether expanding your investment portfolio or seeking the financial benefits of owner-occupied multifamily living, 42 Pearl Street offers exceptional flexibility and opportunity!

Property Details

Building Information

  • Total Units: 3
  • Total Floors: 3
  • Total Bedrooms: 6
  • Total Full Baths: 3
  • Amenities: Public School, Public Transportation, Shopping
  • Basement Features: Full, Unfinished Basement, Walk Out

Financial

  • APOD Available: No
  • Expenses Source: Owner Provided
  • Gross Operating Income: 88800
  • Gross Expenses: 3554
  • Electric Expenses: 240
  • INSC: 3314
  • Net Operating Income: 85246

Utilities

  • Electric Info: Circuit Breakers, Underground
  • Utility Connections: for Gas Range
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: No
  • Floors: 2
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1900
  • Type: 3 Family
  • Construction Type: Aluminum, Frame
  • Foundation Info: Fieldstone
  • Roof Material: Rubber
  • Lead Paint: Certified Treated, Yes
  • Warranty: No

Other Information

  • MLS ID# 73589145
  • Last Updated: 10/10/26

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Map

Seller's Representative: The Margie and Jon Team, Gibson Sotheby's International Realty
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2026-10-10 03:30:00