Vacant Two-Family
For Sale
$729,900
118 Temple Street, Whitman, MA 02382
Corner-lot duplex near the town center with a large yard, porch, shed, and partially finished attic area.
Property Size2,723 SF
Price / SF$268.05
Days on Market167
Property Features for 118 Temple Street
General Information
Standard status
Active
Size
2,723 SF
Total Parking Spaces
4
Property subtype
Multi-family / 2 Family
Zoning
GR
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,210
Amenities
No
Wood, Varies
2.0
Partially Finished
2
2.00
Frame
Shingle
Corner Lot
Shed(s)
Porch
Building Details
Year Built
1925
Listing Agency:
Right Realty, Inc.
(407) 692-1142
Listed By:
Lony A. Andrade · License #9078637
(407) 692-1142
Source:
Compass
Added: Mar 18
Changed: Aug 30
Last Checked: Aug 30 at 10:12PM
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 Right Realty, Inc.
Investment Insights
Based on property information with market context.
This vacant duplex contains 2,723 SF within a two-family configuration and was built in 1925. The property features frame construction with shingle siding, spacious units, large bedrooms, porches, and a partially finished third-floor attic area. A shed provides additional exterior storage, while the corner-lot setting includes a substantial yard.
Located close to the town center, the property is zoned GR and offers two residential units in an established building. The existing layout, attic area, and outdoor features provide a clear physical overview for evaluating the property as a residential income asset or owner-occupied duplex.
Located close to the town center, the property is zoned GR and offers two residential units in an established building. The existing layout, attic area, and outdoor features provide a clear physical overview for evaluating the property as a residential income asset or owner-occupied duplex.
Key Highlights
- Vacant two‑family property with 2,723 SF
- Built in 1925 with frame construction and shingle siding
- Corner lot with a large yard
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
$46,020
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
6.30%
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%
$920,400
$920.4K
Cap Rate 7%
$657,429
$657.4K
Cap Rate 9%
$511,333
$511.3K
Market Conditions
NOI Build-Up for 2,723 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
$69.4K $25.50/SF
− Vacancy
−$3.7K −$1.36/SF
EGI
$65.7K $24.14/SF
− OpEx
−$19.7K −$7.24/SF
NOI
$46.0K $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%
$920,400
Cap Rate 7%
$657,429
Cap Rate 9%
$511,333
Alternative Uses
Best Use
Multifamily LT 5
$657.4K
$575.3K – $767.0K
NOI $46,020 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$605.9K
$530.2K – $706.9K
NOI $42,413 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,840 @ 7.0% cap · market cap 15.46%
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
513
Businesses Nearby
Explore this area
Business Placement
Demographics for 02382, MA
15,121
Population
6,031
Households
2.5
Avg Household Size
41
Median Age
29%
College-Educated
95%
High-School Grad
6.9 sq mi
ZIP Area
2,191
Density / Sq Mi
$107,794
Median Household Income
$53,875
Median Earnings
$1,785
Median Rent
$456,400
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?
Duplex - Corner-lot duplex near the town center with a large yard, porch, shed, and partially finished attic area.
Where is this duplex located?
The property is located at 118 Temple Street Whitman, 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: Vacant two‑family property with 2,723 SF; Built in 1925 with frame construction and shingle siding; Corner lot with a large yard
