Duplex with Full
For Sale
$499,000
12 Linden St, Rockland, MA 02370
MULTI_FAMILY - Rockland, MA
Property Size1,551 SF
Lot Size0.03 Acres
Price / SF$321.73
Days on Market54
Property Features for 12 Linden St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
BUSINESS
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 1
Parking
1
Directions
Union to Linden
Standard status
Active
APN
1157494
Size
1,551 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6640
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams Realty
(781) 843-3200
Listed By:
Steve Zeboski
(781) 843-3200
Added: Jun 17
Changed: Aug 4
Last Checked: Aug 9 at 3:06PM
MLS# 73537123
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex offers a first-floor two-bedroom layout with hard floors/engineered vinyl plank, an open concept living area, and a spacious kitchen with a breakfast bar. The first floor also includes a full basement and substantial storage, with all utilities separated. The upper unit features one large bedroom and a living room with original flooring and period details.
Built in 1900, the property is described as turnkey and is located in downtown Rockland, MA. It sits next to the Rockland rail trail and is surrounded by nearby restaurants and retail.
Zoned BUSINESS, the building is set up for owner-occupancy or investment use, with two separate living spaces designed to generate rental income while allowing a buyer to live on-site.
Built in 1900, the property is described as turnkey and is located in downtown Rockland, MA. It sits next to the Rockland rail trail and is surrounded by nearby restaurants and retail.
Zoned BUSINESS, the building is set up for owner-occupancy or investment use, with two separate living spaces designed to generate rental income while allowing a buyer to live on-site.
Key Highlights
- Business zoning
- Two‑bedroom first‑floor unit with engineered vinyl plank
- One‑bedroom upper unit with original flooring and period details
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
$26,212
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
5.25%
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%
$524,240
$524.2K
Cap Rate 7%
$374,457
$374.5K
Cap Rate 9%
$291,244
$291.2K
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
$39.6K $25.50/SF
− Vacancy
−$2.1K −$1.36/SF
EGI
$37.4K $24.14/SF
− OpEx
−$11.2K −$7.24/SF
NOI
$26.2K $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%
$524,240
Cap Rate 7%
$374,457
Cap Rate 9%
$291,244
Alternative Uses
Best Use
Multifamily LT 5
$374.5K
$327.7K – $436.9K
NOI $26,212 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$345.1K
$302.0K – $402.6K
NOI $24,158 @ 7.0% cap · market cap 4.84%
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
Lease Details
Multi-tenant
Tenancy
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 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 - Business-zoned duplex with two-bedroom and one-bedroom units, separated utilities, and a full basement for storage.
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: Business zoning; Two‑bedroom first‑floor unit with engineered vinyl plank; One‑bedroom upper unit with original flooring and period details
