Two-Family Apartment Building with Detached
For Sale
$630,000
652 Oak St, East Bridgewater, MA 02333
MULTI_FAMILY - East Bridgewater, MA
Property Size2,232 SF
Lot Size0.34 Acres
Price / SF$282.26
Days on Market35
Property Features for 652 Oak St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
100
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 3, Bathroom 2, Bathroom 5, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 5, Bathroom 3, Bathroom 4, Bathroom 1
Parking
2
Fireplace
1
Elementary school
Gwmes
Middle school
Ebms
High school
Ebhs
Directions
Franklin or Washington St. to Oak St.
Standard status
Active
APN
M:104 P:10,1010416
Size
2,232 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7192
Amenities
private laundry room
spacious backyard
Building Details
Year built
1880
Floors in Building
5
Number of units
5
Listing Agency:
RE/MAX Platinum · RE/MAX International
(781) 484-1957
Listed By:
Scott Jones Jr
(781) 844-5070
Added: Jul 10
Changed: Aug 2
Last Checked: Aug 13 at 2:06AM
MLS# 73548044
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 two-family apartment building provides five income-producing units in total, including four studio apartments and one larger unit with a separate kitchen and private laundry room. The property also includes a detached two-car garage, ample parking, and a spacious backyard. A fireplace is also listed as a feature.
Set on a 0.3444-acre lot at 652 Oak St in East Bridgewater, Massachusetts, the property totals 2,232 square feet. The building was constructed in 1880 and is listed in zoning category 100.
The unit mix offers multiple studio options along with a separate, larger unit configuration, supporting flexible occupancy while remaining within the property’s existing layout.
Set on a 0.3444-acre lot at 652 Oak St in East Bridgewater, Massachusetts, the property totals 2,232 square feet. The building was constructed in 1880 and is listed in zoning category 100.
The unit mix offers multiple studio options along with a separate, larger unit configuration, supporting flexible occupancy while remaining within the property’s existing layout.
Key Highlights
- Five income‑producing units: four studio apartments plus one larger unit with separate kitchen and private laundry room
- Detached two‑car garage with ample parking
- Spacious backyard
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
$34,766
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
5.52%
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%
$695,320
$695.3K
Cap Rate 7%
$496,657
$496.7K
Cap Rate 9%
$386,289
$386.3K
Market Conditions
NOI Build-Up for 2,232 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
$67.0K $30.00/SF
− Vacancy
−$3.7K −$1.68/SF
EGI
$63.2K $28.32/SF
− OpEx
−$28.4K −$12.74/SF
NOI
$34.8K $15.58/SF
Area
Plymouth County, MA
Vacancy
5.60%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
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%
$695,320
Cap Rate 7%
$496,657
Cap Rate 9%
$386,289
Alternative Uses
Best Use
Apartment 5plus
$496.7K
$434.6K – $579.4K
NOI $34,766 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,494 @ 7.0% cap · market cap 14.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
111
Businesses Nearby
Explore this area
Business Placement
Demographics for 02333, MA
14,382
Population
5,165
Households
2.8
Avg Household Size
43
Median Age
34%
College-Educated
96%
High-School Grad
17.2 sq mi
ZIP Area
836
Density / Sq Mi
$128,679
Median Household Income
$53,850
Median Earnings
$1,566
Median Rent
$474,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained two-family offering five income-producing units, including four studios plus a larger unit with kitchen and private laundry.
Where is this apartment building located?
The property is located at 652 Oak St East Bridgewater, MA.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Five income‑producing units: four studio apartments plus one larger unit with separate kitchen and private laundry room; Detached two‑car garage with ample parking; Spacious backyard
