Corner-Lot Three-Family
23 Vernon Street Taunton, MA 02780
23 Vernon Street, Taunton, MA, 02780
$699,000
For Sale
$699,000
MULTI_FAMILY - Taunton, MA
Property Size2,569 SF
Lot Size0.24 Acres
Price / SF$272.09
Days on Market12
Property Features for 23 Vernon Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- URBRES
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 4
- Parking
- 4
- Standard status
- Active
- APN
- 2979214
- Size
- 2,569 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6011
Building Details
- Year built
- 1890
- Floors in Building
- 3
- Number of units
- 3
Listing Agency
Keller Williams Realty
(781) 843-3200
29 Commercial Street, Braintree, MA
Listed by
Steve Zeboski
(781) 843-3200
Added: Jul 10 Updated: Jul 20 at 10:52 am Checked: Jul 21 at 2:06 am
MLS# 73548164
Listing URL
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 three-family (triplex) offers three separate living units on a quiet corner lot. The property includes separate utilities, and the units are described as spacious, with current rents noted as below market value. The seller has provided that the property is being sold strictly AS IS, with no repairs or improvements to be made.
The property is zoned URBRES and is located near shopping, schools, restaurants, and major commuter routes in Taunton, Massachusetts. The listing is positioned as income-producing residential use with potential for increased future cash flow based on the stated rent levels.
With the lot size identified at 0.24 acres and the building size listed at 2,569 square feet, this is a straightforward residential income offering presented in an investor or owner-occupant format, as permitted by its zoning and current configuration.
The property is zoned URBRES and is located near shopping, schools, restaurants, and major commuter routes in Taunton, Massachusetts. The listing is positioned as income-producing residential use with potential for increased future cash flow based on the stated rent levels.
With the lot size identified at 0.24 acres and the building size listed at 2,569 square feet, this is a straightforward residential income offering presented in an investor or owner-occupant format, as permitted by its zoning and current configuration.
Key Highlights
- True 3‑family property built in 1890
- Corner lot location
- Separate utilities for the 3 units
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.9k | $27.60 |
| − Vacancy | −$5.3k | −$2.07 |
| EGI | $65.6k | $25.53 |
| − OpEx | −$19.7k | −$7.66 |
| NOI | $45.9k | $17.87 |
2,569 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$655.9K
$573.9K – $765.2K
NOI $45,911 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$609.5K
$533.3K – $711.1K
NOI $42,667 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$1.56M
$1.37M – $1.83M
NOI $109,513 @ 7.0% cap · market cap 15.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-family for sale with separate utilities and below-market current rents, sold strictly as-is.
Where is this triplex located?
The property is located at 23 Vernon Street Taunton, MA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: True 3‑family property built in 1890; Corner lot location; Separate utilities for the 3 units
