Turnkey Live-Work
For Sale
$499,000
12 Linden St, Rockland, MA 02370
Business-zoned duplex with separated utilities, offering flexible live-work use and rental income support for ownership.
Property Size1,551 SF
Days on Market50
Property Features for 12 Linden St
General Information
Standard status
Active
Size
1,551 SF
Property subtype
Investment
Zoning
Business
Taxes and HOA fees
Annual Taxes
$6,640
Building Details
Building Size
1,551 SF
Year Built
1900
Stories
2
Units
2
Listing Agency:
(781) 710-9756
Listed By:
Gregory Ander
(781) 710-9756
Source:
Elliman
Added: Jun 21
Changed: Aug 8
Last Checked: Aug 9 at 8:51AM
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 Gregory Ander
Investment Insights
Based on property information with market context.
This turnkey live-work duplex is set up for a streamlined owner-occupant or investor arrangement. The first floor offers two large bedrooms with hard flooring and engineered vinyl plank, an open floor plan with a breakfast bar, a spacious kitchen, and access to a full basement with plenty of storage. All utilities are separated, helping each unit function independently. The upper unit features one large bedroom and a bright living room with original flooring and period details.
The property is located downtown Rockland and positioned next to the Rockland rail trail. It is also within reach of multiple restaurants and retail options.
With its business zoning, the property may suit an owner looking to operate an office or retail concept while living on-site. The duplex configuration, separated utility setup, and basement storage can also appeal to a first-time buyer seeking a rental component to help offset housing expenses.
The property is located downtown Rockland and positioned next to the Rockland rail trail. It is also within reach of multiple restaurants and retail options.
With its business zoning, the property may suit an owner looking to operate an office or retail concept while living on-site. The duplex configuration, separated utility setup, and basement storage can also appeal to a first-time buyer seeking a rental component to help offset housing expenses.
Key Highlights
- Turnkey downtown Rockland multi‑family duplex with business zoning and flexible live‑work use
- Business‑zoned for office or retail use per the listing (plus rental income support)
- First floor features 2 large bedrooms with hard floors/engineered vinyl plank, open concept layout, and breakfast bar
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
$32,441
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
6.50%
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%
$648,820
$648.8K
Cap Rate 7%
$463,443
$463.4K
Cap Rate 9%
$360,456
$360.5K
Market Conditions
NOI Build-Up for 1,551 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
$52.1K $33.60/SF
− Vacancy
−$8.9K −$5.71/SF
EGI
$43.3K $27.89/SF
− OpEx
−$10.8K −$6.97/SF
NOI
$32.4K $20.92/SF
Area
Plymouth County, MA
Vacancy
17.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
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%
$648,820
Cap Rate 7%
$463,443
Cap Rate 9%
$360,456
Alternative Uses
Best Use
Office B
$463.4K
$405.5K – $540.7K
NOI $32,441 @ 7.0% cap · market cap 6.50%
Second Best
Multifamily LT 5
$374.5K
$327.7K – $436.9K
NOI $26,212 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$918.2K
$803.4K – $1.07M
NOI $64,273 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Explore this area
Business Placement
Demographics for 02370, MA
17,803
Population
7,046
Households
2.5
Avg Household Size
43
Median Age
34%
College-Educated
96%
High-School Grad
10.0 sq mi
ZIP Area
1,780
Density / Sq Mi
$101,475
Median Household Income
$59,489
Median Earnings
$1,497
Median Rent
$452,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Business-zoned duplex with separated utilities, offering flexible live-work use and rental income support for ownership.
Where is this duplex located?
The property is located at 12 Linden St Rockland, MA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Turnkey downtown Rockland multi‑family duplex with business zoning and flexible live‑work use; Business‑zoned for office or retail use per the listing (plus rental income support); First floor features 2 large bedrooms with hard floors/engineered vinyl plank, open concept layout, and breakfast bar
