Three-Family Income
1 Spring St Taunton, MA 02780
1 Spring St, Taunton, MA, 02780
$729,900
For Sale
$729,900
Three-unit residential income property featuring a large multi-level unit and two separate one-bedroom apartments.
Property Size3,356 SF
Price / SF$217.49
Days on Market30
Property Features for 1 Spring St
General Information
- Standard status
- Active
- Size
- 3,356 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1875
Listing agency
Coldwell Banker Realty - Canton
(617) 592-5086
Listed by
Cliff Hyppolite
(617) 592-5086
Source
Lockandkeyre
Added: Jun 22 Updated: Jul 21 at 12:51AM Checked: Jul 21 at 3:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty - Canton
Investment Insights
Based on property information with market context.
This three-family residential income property includes one larger unit and two smaller one-bedroom units. The first unit is configured over two floors and features a full kitchen, living room, dining room, and two bathrooms, with the layout described as having room for a potential additional bedroom configuration. The second and third unit floors are each described as one-bedroom apartments, with ample space between units for privacy.
The property is located close to shopping areas and provides convenient access to the highway.
Offered for sale as a multifamily investment opportunity, the building’s unit mix and separation between the upper units are designed to accommodate tenants seeking more private living arrangements.
The property is located close to shopping areas and provides convenient access to the highway.
Offered for sale as a multifamily investment opportunity, the building’s unit mix and separation between the upper units are designed to accommodate tenants seeking more private living arrangements.
Key Highlights
- 1875‑built three‑unit residential income property with one large multi‑level unit and two separate 1‑bedroom apartments
- First unit offers 3 bedrooms (4‑bedroom potential) across 2 floors with full kitchen, living room, dining room, and 2 bathrooms
- Second and third floor units are 1‑bedroom apartments with ample space between units for privacy
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 | $92.6k | $27.60 |
| − Vacancy | −$6.9k | −$2.07 |
| EGI | $85.7k | $25.53 |
| − OpEx | −$25.7k | −$7.66 |
| NOI | $60.0k | $17.87 |
3,356 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$856.8K
$749.7K – $999.6K
NOI $59,975 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$796.2K
$696.7K – $929.0K
NOI $55,737 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M
NOI $143,062 @ 7.0% cap · market cap 19.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit residential income property featuring a large multi-level unit and two separate one-bedroom apartments.
Where is this triplex located?
The property is located at 1 Spring St Taunton, MA.
What is the asking price?
The asking price for this property is $729,900.
What are key features of this property?
This property features: 1875‑built three‑unit residential income property with one large multi‑level unit and two separate 1‑bedroom apartments; First unit offers 3 bedrooms (4‑bedroom potential) across 2 floors with full kitchen, living room, dining room, and 2 bathrooms; Second and third floor units are 1‑bedroom apartments with ample space between units for privacy
