Updated Two-Unit Duplex
For Sale
$750,000
1006 W Washington Street, Hanson, MA 02341
Two-family property with separate residences, a detached garage, and substantial outdoor area on an acreage parcel.
Property Size2,994 SF
Lot Size1.88 Acres
Price / SF$250.50
Days on Market59
Property Features for 1006 W Washington Street
General Information
Standard status
Active
Size
2,994 SF
Total Parking Spaces
2
Lot size
1.88 Acres
Property subtype
Multi-family
Units
Unit Mix
1 x 4BR/2.5BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1910
Listing Agency:
Hartford Homes Realty LLC
Listed By:
Traci Almeida
(617) 875-4950
Source:
Sarkisboston
Added: Jul 4
Changed: Aug 29
Last Checked: Aug 30 at 5:35PM
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 Hartford Homes Realty LLC
Investment Insights
Based on property information with market context.
This 2,994-square-foot duplex, built in 1910, contains two separate residences with a combined layout of 5 bedrooms and 3.5 baths. The larger unit provides 4 bedrooms and 2.5 baths, while the second includes 1 bedroom and 1 bath. A basement offers potential for additional expansion, subject to applicable approvals. Recent improvements include a roof installed in 2024 and a new septic system completed the same year.
The property occupies 1.88 acres and includes a large two-car garage along with outdoor space. Its two-unit configuration supports a range of residential income and occupancy arrangements.
The property occupies 1.88 acres and includes a large two-car garage along with outdoor space. Its two-unit configuration supports a range of residential income and occupancy arrangements.
Key Highlights
- 2,994‑square‑foot duplex on 1.88 acres
- Unit mix includes 4 bedrooms and 2.5 baths plus 1 bedroom and 1 bath
- New roof installed in 2024
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
$50,600
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
6.75%
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%
$1,012,000
$1.0M
Cap Rate 7%
$722,857
$722.9K
Cap Rate 9%
$562,222
$562.2K
Market Conditions
NOI Build-Up for 2,994 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
$76.3K $25.50/SF
− Vacancy
−$4.1K −$1.36/SF
EGI
$72.3K $24.14/SF
− OpEx
−$21.7K −$7.24/SF
NOI
$50.6K $16.90/SF
Area
Plymouth County, MA
Vacancy
5.32%
Lease Rate
$25.50 /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%
$1,012,000
Cap Rate 7%
$722,857
Cap Rate 9%
$562,222
Alternative Uses
Best Use
Multifamily LT 5
$722.9K
$632.5K – $843.3K
NOI $50,600 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$666.2K
$582.9K – $777.3K
NOI $46,635 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,071 @ 7.0% cap · market cap 16.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Explore this area
Business Placement
Demographics for 02341, MA
10,367
Population
4,014
Households
2.6
Avg Household Size
45
Median Age
39%
College-Educated
93%
High-School Grad
14.9 sq mi
ZIP Area
696
Density / Sq Mi
$112,457
Median Household Income
$59,200
Median Earnings
$1,912
Median Rent
$498,700
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-family property with separate residences, a detached garage, and substantial outdoor area on an acreage parcel.
Where is this duplex located?
The property is located at 1006 W Washington Street Hanson, MA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,994‑square‑foot duplex on 1.88 acres; Unit mix includes 4 bedrooms and 2.5 baths plus 1 bedroom and 1 bath; New roof installed in 2024
