Vacant Two-Family Residential
118 Temple Street Whitman, MA 02382
118 Temple Street, Whitman, MA, 02382
$689,900
For Sale
$689,900
Vacant two-family on a large lot with spacious units and an attic area that may allow expansion.
Property Size2,723 SF
Price / SF$253.36
Days on Market127
Property Features for 118 Temple Street
General Information
- Standard status
- Active
- Size
- 2,723 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1925
Listing agency
Right Realty,Inc.
Listed by
Lony A. Andrade
(617) 731-4644
Source
Hammondre
Added: Mar 18 Updated: Jul 21 at 4:57PM Checked: Jul 21 at 4:57PM
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.
A well-maintained vacant two-family residence with spacious units, featuring big bedrooms. The property sits on a large lot with a sizable yard for shared outdoor enjoyment. There is potential to expand living space by finishing the third-floor attic area, subject to applicable feasibility and approvals.
The property is located close to the town center at 118 Temple Street in Whitman, Massachusetts.
This is a residential income property being offered for sale and may appeal to either an investor or an owner-occupant looking for additional rental income.
The property is located close to the town center at 118 Temple Street in Whitman, Massachusetts.
This is a residential income property being offered for sale and may appeal to either an investor or an owner-occupant looking for additional rental income.
Key Highlights
- Vacant 2‑family home built in 1925
- Large lot with big yard
- Spacious units with big bedrooms
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 | $69.4k | $25.50 |
| − Vacancy | −$3.7k | −$1.36 |
| EGI | $65.7k | $24.14 |
| − OpEx | −$19.7k | −$7.24 |
| NOI | $46.0k | $16.90 |
2,723 SF · lease $25.50/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$657.4K
$575.3K – $767.0K
NOI $46,020 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$605.9K
$530.2K – $706.9K
NOI $42,413 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,840 @ 7.0% cap · market cap 16.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Vacant two-family on a large lot with spacious units and an attic area that may allow expansion.
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 $689,900.
What are key features of this property?
This property features: Vacant 2‑family home built in 1925; Large lot with big yard; Spacious units with big bedrooms
