Business-Zoned
For Sale
$499,000
Pending
12 Linden St, Rockland, MA 02370
Residential Income, Rockland, MA
Property Size1,551 SF
Lot Size0.03 Acres
Days on Market80
Property Features for 12 Linden St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
BUSINESS
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3
Parking
1
Directions
Union to Linden
Standard status
Pending
APN
1157494
Size
1,551 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6640
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams Realty
Listed By:
Steve Zeboski
(781) 843-3200
Added: Jun 17
Changed: Sep 2
Last Checked: Sep 4 at 2:06AM
MLS# 73537123
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,551-square-foot duplex, built in 1900, includes two residential units with three bedrooms and two bathrooms. The first-floor unit offers two large bedrooms, hardwood and engineered vinyl plank flooring, an open living area, breakfast bar, spacious kitchen, full basement, and substantial storage. The upper unit has one bedroom, a living room with original flooring, and period details. Utilities are separately metered between the units.
The property is zoned BUSINESS, supporting a combination of residential occupancy and potential office or retail use. Its Rockland setting places it next to the local rail trail and near multiple restaurants and retail destinations. The 0.0289-acre site includes the existing duplex improvements at 12 Linden St.
The property is zoned BUSINESS, supporting a combination of residential occupancy and potential office or retail use. Its Rockland setting places it next to the local rail trail and near multiple restaurants and retail destinations. The 0.0289-acre site includes the existing duplex improvements at 12 Linden St.
Key Highlights
- BUSINESS zoning supports residential, office, or retail use
- 1,551 SF duplex built in 1900
- Two units with three bedrooms and two bathrooms
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
$32,441
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
6.50%
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%
$648,820
$648.8K
Cap Rate 7%
$463,443
$463.4K
Cap Rate 9%
$360,456
$360.5K
Market Conditions
NOI Build-Up for 1,551 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
$52.1K $33.60/SF
− Vacancy
−$8.9K −$5.71/SF
EGI
$43.3K $27.89/SF
− OpEx
−$10.8K −$6.97/SF
NOI
$32.4K $20.92/SF
Area
Plymouth County, MA
Vacancy
17.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
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%
$648,820
Cap Rate 7%
$463,443
Cap Rate 9%
$360,456
Alternative Uses
Best Use
Office B
$463.4K
$405.5K – $540.7K
NOI $32,441 @ 7.0% cap · market cap 6.50%
Second Best
Multifamily LT 5
$374.5K
$327.7K – $436.9K
NOI $26,212 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$918.2K
$803.4K – $1.07M
NOI $64,273 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Explore this area
Business Placement
Demographics for 02370, MA
17,803
Population
7,046
Households
2.5
Avg Household Size
43
Median Age
34%
College-Educated
96%
High-School Grad
10.0 sq mi
ZIP Area
1,780
Density / Sq Mi
$101,475
Median Household Income
$59,489
Median Earnings
$1,497
Median Rent
$452,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with separated utilities, basement storage, and a mix of residential and business-use potential.
Where is this duplex located?
The property is located at 12 Linden St Rockland, MA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: BUSINESS zoning supports residential, office, or retail use; 1,551 SF duplex built in 1900; Two units with three bedrooms and two bathrooms
