New Construction Duplex with
For Sale
$599,000
12 Alvin, Attleboro, MA 02703
Contemporary interiors feature quartz countertops, ductless climate control, and flexible unfinished attic space.
Property Size2,000 SF
Price / SF$299.50
Days on Market8
Property Features for 12 Alvin
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Apartment
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
high ceilings
quartz countertops
ductless heat and air conditioning
Dishwasher
Microwave
ENERGY STAR Qualified Refrigerator
Range
Heat Pump, Ductless
Vinyl
Hardwood
2.0 Stories
$0 Taxes
Public, Individual Meter
Built in 2026
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Coldwell Banker Realty - Waltham
(781) 893-0808
Listed By:
The Commonwealth Group · License #BK3153120
Source:
Donahuere
Added: Aug 13
Changed: Aug 18
Last Checked: Aug 20 at 4:05AM
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 Coldwell Banker Realty - Waltham
Investment Insights
Based on property information with market context.
Built in 2026, this duplex presents about 2,000 square feet of residential space with an open-concept layout, high ceilings, premium finishes, and an attached garage. The described unit includes 3 bedrooms and 2.5 baths, along with quartz countertops and ductless heat and air conditioning. An unfinished walk-up attic adds adaptable space for future expansion, a home office, gym, or additional living area.
The property is located at 12 Alvin in Attleboro, Massachusetts, on a quiet cul-de-sac. Commuter rail service, Sturdy Memorial Hospital, shopping, dining, and major highways are all situated minutes from the property.
The property is located at 12 Alvin in Attleboro, Massachusetts, on a quiet cul-de-sac. Commuter rail service, Sturdy Memorial Hospital, shopping, dining, and major highways are all situated minutes from the property.
Key Highlights
- Duplex built in 2026
- About 2,000 square feet of living space
- Described unit includes 3 bedrooms and 2.5 baths
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
$35,742
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
5.97%
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%
$714,840
$714.8K
Cap Rate 7%
$510,600
$510.6K
Cap Rate 9%
$397,133
$397.1K
Market Conditions
NOI Build-Up for 2,000 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
$55.2K $27.60/SF
− Vacancy
−$4.1K −$2.07/SF
EGI
$51.1K $25.53/SF
− OpEx
−$15.3K −$7.66/SF
NOI
$35.7K $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%
$714,840
Cap Rate 7%
$510,600
Cap Rate 9%
$397,133
Alternative Uses
Best Use
Multifamily LT 5
$510.6K
$446.8K – $595.7K
NOI $35,742 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$474.5K
$415.2K – $553.6K
NOI $33,216 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,258 @ 7.0% cap · market cap 14.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
552
Businesses Nearby
Explore this area
Business Placement
Demographics for 02703, MA
46,389
Population
19,014
Households
2.4
Avg Household Size
42
Median Age
34%
College-Educated
90%
High-School Grad
26.8 sq mi
ZIP Area
1,731
Density / Sq Mi
$93,352
Median Household Income
$51,637
Median Earnings
$1,446
Median Rent
$409,400
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 - Contemporary interiors feature quartz countertops, ductless climate control, and flexible unfinished attic space.
Where is this duplex located?
The property is located at 12 Alvin Attleboro, MA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Duplex built in 2026; About 2,000 square feet of living space; Described unit includes 3 bedrooms and 2.5 baths
