Ranch-Style Duplex with Finished Lower
588 Newport Ave Attleboro, MA 02703
588 Newport Ave, Attleboro, MA, 02703
$639,000
For Sale
Under Contract
$639,000
MULTI_FAMILY - Attleboro, MA
Property Size1,572 SF
Lot Size0.21 Acres
Price / SF$406.49
Days on Market13
Property Features for 588 Newport Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1
- Parking
- 4
- Standard status
- Active Under Contract
- APN
- M_212071 852398,2760802
- Size
- 1,572 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5357
Building Details
- Year built
- 1964
- Floors in Building
- 4
- Number of units
- 2
Listing agency
RE/MAX River's Edge
(401) 245-2000
Listed by
Michelle Cartwright · License #224874
(401) 433-5100
Added: Jul 10 Updated: Jul 13 at 8:34PM Checked: Jul 22 at 9:06PM
MLS# 73547795
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 well-maintained ranch-style duplex offers flexible living and income potential with two separate units. Both units feature updated kitchens and bathrooms with tile/granite and an open wall concept from the kitchen to the living room. Each unit includes two well-sized bedrooms plus an additional approximate 350+ square feet of finished lower level. A private storage area is included with utilities/laundry and a bulkhead, and each unit has its own heat and central air system.
The property sits on a 9,025 square foot lot with a private fenced backyard designed for practical outdoor use, including space for 4 vehicles, a covered patio/parking area, two large sheds, and grassy front and backyard areas served by an irrigation system.
Overall, the configuration supports comfortable day-to-day space in both units, with dedicated utilities and separate HVAC, along with additional finished and storage areas in the lower level for each side of the duplex.
The property sits on a 9,025 square foot lot with a private fenced backyard designed for practical outdoor use, including space for 4 vehicles, a covered patio/parking area, two large sheds, and grassy front and backyard areas served by an irrigation system.
Overall, the configuration supports comfortable day-to-day space in both units, with dedicated utilities and separate HVAC, along with additional finished and storage areas in the lower level for each side of the duplex.
Key Highlights
- Ranch‑style duplex built in 1964 with two separate units, each featuring updated kitchens and bathrooms with tile/granite finishes
- Each unit offers an open wall concept from kitchen to living room plus 2 good‑sized bedrooms
- Each unit includes an approximate 350+ sq ft finished lower level and a private storage area of similar size
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 | $43.4k | $27.60 |
| − Vacancy | −$3.3k | −$2.07 |
| EGI | $40.1k | $25.53 |
| − OpEx | −$12.0k | −$7.66 |
| NOI | $28.1k | $17.87 |
1,572 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$401.3K
$351.2K – $468.2K
NOI $28,093 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$373.0K
$326.4K – $435.1K
NOI $26,108 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$957.3K
$837.7K – $1.12M
NOI $67,012 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained ranch duplex with two units, updated kitchens and baths, and finished lower levels.
Where is this duplex located?
The property is located at 588 Newport Ave Attleboro, MA.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Ranch‑style duplex built in 1964 with two separate units, each featuring updated kitchens and bathrooms with tile/granite finishes; Each unit offers an open wall concept from kitchen to living room plus 2 good‑sized bedrooms; Each unit includes an approximate 350+ sq ft finished lower level and a private storage area of similar size
