Two-Unit Duplex with
For Sale
$599,900
10 State St, Taunton, MA 02780
Two residential units feature updated kitchens, updated bathrooms, hardwood floors, and separate living areas.
Property Size1,709 SF
Price / SF$351.02
Days on Market76
Property Features for 10 State St
General Information
Standard status
Active
Size
1,709 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Zoning
3.66
Net Operating Income
$21,600
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,577
Building Details
Building Size
1,709 SF
Year Built
1877
Buildings
1
Stories
2
Listing Agency:
Deerfield Valley Real Estate
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jun 17
Changed: Aug 29
Last Checked: Aug 30 at 1:54PM
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 Deerfield Valley Real Estate
Investment Insights
Based on property information with market context.
This two-unit duplex includes matching residential layouts with distinct living rooms, generously sized bedrooms, updated kitchens and bathrooms, and hardwood flooring throughout. An unfinished basement provides additional storage area, while a newer hot water heater supports the property’s existing improvements. The building dates to 1877 and contains 1,709 square feet of property size.
The property is located at 10 State St in Taunton, Massachusetts, minutes from downtown, highway access, commuter rail service, schools, shopping, and restaurants. The first-floor unit will be delivered vacant, creating flexibility for an owner-occupant or continued rental use.
The property is located at 10 State St in Taunton, Massachusetts, minutes from downtown, highway access, commuter rail service, schools, shopping, and restaurants. The first-floor unit will be delivered vacant, creating flexibility for an owner-occupant or continued rental use.
Key Highlights
- Two residential units with similar layouts
- Updated kitchens and bathrooms in both units
- Hardwood flooring throughout the residential areas
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
$30,542
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
5.09%
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%
$610,840
$610.8K
Cap Rate 7%
$436,314
$436.3K
Cap Rate 9%
$339,356
$339.4K
Market Conditions
NOI Build-Up for 1,709 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
$47.2K $27.60/SF
− Vacancy
−$3.5K −$2.07/SF
EGI
$43.6K $25.53/SF
− OpEx
−$13.1K −$7.66/SF
NOI
$30.5K $17.87/SF
Area
Bristol County, MA
Vacancy
7.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
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%
$610,840
Cap Rate 7%
$436,314
Cap Rate 9%
$339,356
Alternative Uses
Best Use
Multifamily LT 5
$436.3K
$381.8K – $509.0K
NOI $30,542 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$405.5K
$354.8K – $473.1K
NOI $28,383 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$1.04M
$910.7K – $1.21M
NOI $72,853 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
Explore this area
Business Placement
Demographics for 02780, MA
52,299
Population
22,454
Households
2.3
Avg Household Size
41
Median Age
24%
College-Educated
85%
High-School Grad
33.1 sq mi
ZIP Area
1,580
Density / Sq Mi
$75,054
Median Household Income
$48,454
Median Earnings
$1,257
Median Rent
$377,800
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?
Duplex - Two residential units feature updated kitchens, updated bathrooms, hardwood floors, and separate living areas.
Where is this duplex located?
The property is located at 10 State St Taunton, MA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two residential units with similar layouts; Updated kitchens and bathrooms in both units; Hardwood flooring throughout the residential areas
