Three-Story Multifamily
For Sale
$880,000
Pending
117 South St, Somerset, MA 02726
R3-zoned property with multiple bedrooms, full bathrooms, and ocean-oriented surroundings.
Property Size4,052 SF
Days on Market129
Property Features for 117 South St
General Information
Standard status
Pending
Size
4,052 SF
Total Parking Spaces
10
Property subtype
Multi-Family
Zoning
R3
Amenities
Full, Walk-Out Access
3
City View(s)
No
Yes
10
Waterfront,Ocean,Ocean,Walk to,Beach Ownership(Public)
Building Details
Building Size
4,052 SF
Year Built
1900
Stories
3
Listing Agency:
revolv Real Estate
(508) 493-2829
Listed By:
Jade Garcia · License #9582434
Source:
Gundersheimgroup
Added: Apr 26
Changed: Aug 29
Last Checked: Aug 29 at 6:20PM
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 revolv Real Estate
Investment Insights
Based on property information with market context.
Built in 1900, this multifamily property provides 4,052 square feet across three stories. The interior includes six bedrooms and three full bathrooms, creating a substantial residential configuration for multifamily ownership or occupancy. R3 zoning supports the property’s multifamily classification.
The Somerset property includes city views and source information indicating waterfront and ocean-related surroundings, with access to a public beach. Its Massachusetts location in Bristol County complements the building’s established residential character.
The Somerset property includes city views and source information indicating waterfront and ocean-related surroundings, with access to a public beach. Its Massachusetts location in Bristol County complements the building’s established residential character.
Key Highlights
- 4,052 square feet of interior space
- Six bedrooms and three full bathrooms
- Three‑story building constructed in 1900
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
$67,297
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
7.65%
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%
$1,345,940
$1.3M
Cap Rate 7%
$961,386
$961.4K
Cap Rate 9%
$747,744
$747.7K
Market Conditions
NOI Build-Up for 4,052 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
$131.3K $32.40/SF
− Vacancy
−$8.9K −$2.20/SF
EGI
$122.4K $30.20/SF
− OpEx
−$55.1K −$13.59/SF
NOI
$67.3K $16.61/SF
Area
Bristol County, MA
Vacancy
6.80%
Lease Rate
$32.40 /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%
$1,345,940
Cap Rate 7%
$961,386
Cap Rate 9%
$747,744
Alternative Uses
Best Use
Apartment 5plus
$961.4K
$841.2K – $1.12M
NOI $67,297 @ 7.0% cap · market cap 7.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $172,732 @ 7.0% cap · market cap 19.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
112
Businesses Nearby
Explore this area
Business Placement
Demographics for 02726, MA
15,671
Population
6,719
Households
2.3
Avg Household Size
46
Median Age
37%
College-Educated
93%
High-School Grad
5.5 sq mi
ZIP Area
2,849
Density / Sq Mi
$110,427
Median Household Income
$65,106
Median Earnings
$1,316
Median Rent
$389,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - R3-zoned property with multiple bedrooms, full bathrooms, and ocean-oriented surroundings.
Where is this multifamily property located?
The property is located at 117 South St Somerset, MA.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: 4,052 square feet of interior space; Six bedrooms and three full bathrooms; Three‑story building constructed in 1900
