42 Pearl St, Everett MA 02149

Everett, MA 02149
$1,150,000
Est. $7,178/month
Estimate assumptions

20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.

Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.

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6
Beds
3
Baths
3,537
Sq Ft
$325
Price/Sq Ft
0.09
Acres
1900
Year Built
2
Garage Spaces
10 hours 18 minutes
Time on Market
For Sale Listed Oct 9, 2026 • MLS# 73589145 Copied! • Updated Oct 10, 2026

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About this home

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!

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Property History

Property Timeline

🏠
Listed for Sale
Oct 9, 2026
$1,150,000
Original listing
Agent: The Margie and Jon Team Office: Gibson Sotheby's International Realty

Tax History

Year Taxes Assessment
2026 $13,956 $983,200

Financial Details

Annual Property Tax
$13,956
Tax Year 2026
Assessed Value
$983,200

Facts & Features

2 Car Garage

Home Facts

Type Residential Income
Style 3 Family
Year Built 1900
Living Area 3,537 sq ft
Lot Size 0.09 acres
Stories 3
Bedrooms 6
Full Baths 3
Total Rooms 15

Investment Metrics

Units 3
Unit 1 Rent $2,500/mo · Y
Unit 2 Rent $2,650/mo · N
Unit 3 Rent $2,250/mo · Y
Total Monthly Rent $7,400/mo
Gross Income $88,800
Net Operating Income $85,246
Operating Expenses $3,554
Electric Expense $240
Insurance Expense $3,314
Cap Rate 7.41%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement Full, Walk-out Access, Unfinished
Laundry None
Features None
Construction Frame
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch Enclosed
Garage Spaces 2
Has Garage Yes
Features Tandem
Total Spaces 7
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $13,956
Assessed Value $983,200
Fee Includes None
Amenities None
Optional Fee Includes None
Down Payment Resource Eligible
Lead Paint Yes, Certified Treated
Seller Disclosures Letter Of Full Compliance Attached (2019, 2020). Currently Heated By Oil, But Cooking Is Already Gas. Interior Photos Are Of Unit 2 Only (previously Rented For $2, 650) But Units 1 And 3 Are In Similar Condition.
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Middlesex
Total market time (incl. prior listings) 1 days

Property Overview

Property Type
3 Family
Listing Type
For Sale
Year Built
1900
Bedrooms
6
Full Bathrooms
3
Living Area
3,537 sq ft
Total Rooms
15
Stories
3
Levels
3

Floor Layout

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement: Full, Walk-Out Access, Unfinished
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials: Frame
Roof: Rubber
Foundation: Stone
Stories: 3

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Enclosed
Fencing:
Other Structures: Shed(s)
Lot Features: Level, Other
Road Surface:

Parking & Garage

Garage Spaces: 2
Total Parking Spaces: 7
Parking Features: Tandem
School District
Everett School District local
C-
✓ School Safety 2024-25
1.8% Average
1.7% Suspensions 2.5% In-School 0.1% Emergency
↓ 3.7% below state avg
E

Elementary Schools

3 schools
C-
Madeline English School
0.2 mi | #312 of 352 | Score: 30.7
Improved 29 spots from last year
-27.6 below state avg
683 students Moderate
Rising School
Grades K-08
Adams School
0.5 mi
144 students Diverse
Diverse Student Body
Grades PK
Devens School
0.6 mi
32 students Diverse
Diverse Student Body
Grades K-12
M

Middle Schools

3 schools
B-
John J. McGlynn Middle School
1.1 mi | #210 of 352 | Score: 39.9
Improved 26 spots from last year
-18.4 below state avg
439 students Diverse
Rising School Diverse Student Body
Grades 06-08
B+
Madeleine Dugger Andrews Middle School
1.7 mi | #132 of 352 | Score: 45.9
Improved 28 spots from last year
-12.3 below state avg
438 students Diverse
Rising School
Grades 06-08
C-
Joseph A. Browne School
1.9 mi | #285 of 352 | Score: 33.1
Improved 61 spots from last year
-25.2 below state avg
501 students Less Diverse
Rising School
Grades 05-08
H

High Schools

3 schools
C+
Malden High School
1.0 mi | #225 of 346 | Score: 49.9
Improved 73 spots from last year
-8.3 below state avg
1,792 students Very Diverse
14 sports • 856 athletes
Strong AP Program Early College Program Rising School Diverse Student Body
Grades 09-12
C
Everett High School
1.1 mi | #247 of 346 | Score: 47.3
Improved 28 spots from last year
-10.9 below state avg
2,210 students Diverse
17 sports • 1,298 athletes
Rising School Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
Malden Catholic High School
1.4 mi
19 sports • 2,126 athletes
Strong Athletics
Grades 09-12
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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $1,163
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

42 Pearl St, Everett MA 02149

Everett, MA 02149

Listing Information

Listing Agent The Margie and Jon Team
Listing Office Gibson Sotheby's International Realty
Office Phone 617-332-1400
Agent MLS ID TM358559
Office MLS ID AN8365
Listing Data Updated Oct 10, 2026 3:30 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Steve Novak Real Estate
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