Renovated Duplex with Pool
For Sale
$749,000
12 Purchase Street, Taunton, MA 02780
Updated kitchens, central air, and a level residential lot support comfortable multifamily occupancy.
Property Size2,333 SF
Lot Size0.66 Acres
Price / SF$321.05
Days on Market193
Property Features for 12 Purchase Street
General Information
Standard status
Active
Size
2,333 SF
Total Parking Spaces
4
Lot size
0.66 Acres
Property subtype
Multi-family / 2 Family - 2 Units Up/Down
Zoning
URBRES
Net Operating Income
$119,988
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,745
Amenities
City/Town Sewer, Public
No
1
Yes
3.0
Full, Unfinished Basement
3
3.00
Shingle
Cleared, Level
Building Details
Year Built
1920
Listing Agency:
Stuart St James, Inc.
(617) 819-5850
Listed By:
David Thompson · License #9524638
(617) 819-5850
Source:
Compass
Added: Feb 19
Changed: Aug 30
Last Checked: Aug 30 at 4:58PM
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 Stuart St James, Inc.
Investment Insights
Based on property information with market context.
This renovated duplex includes a primary residence with 4 bedrooms and 2 bathrooms, including an en-suite primary bedroom. Central A/C serves all units. Interior details include fireplaces, beamed ceilings, high ceilings, and kitchens upgraded with new appliances, quartz countertops, shaker cabinetry, and tile backsplashes. The property also includes a full, unfinished basement and a pool house that may be converted into an ADU.
Built in 1920, the residence occupies a 28,750-square-foot cleared, level lot in Taunton’s URBRES zoning district. The property offers access to the highway and downtown Taunton while retaining a residential setting. The building contains 2,333 square feet of property area as reported.
Built in 1920, the residence occupies a 28,750-square-foot cleared, level lot in Taunton’s URBRES zoning district. The property offers access to the highway and downtown Taunton while retaining a residential setting. The building contains 2,333 square feet of property area as reported.
Key Highlights
- Duplex with 2,333 square feet of property area
- Main unit includes 4 bedrooms and 2 bathrooms
- 28,750‑square‑foot cleared, level lot
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
$41,693
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
5.57%
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%
$833,860
$833.9K
Cap Rate 7%
$595,614
$595.6K
Cap Rate 9%
$463,256
$463.3K
Market Conditions
NOI Build-Up for 2,333 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
$64.4K $27.60/SF
− Vacancy
−$4.8K −$2.07/SF
EGI
$59.6K $25.53/SF
− OpEx
−$17.9K −$7.66/SF
NOI
$41.7K $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%
$833,860
Cap Rate 7%
$595,614
Cap Rate 9%
$463,256
Alternative Uses
Best Use
Multifamily LT 5
$595.6K
$521.2K – $694.9K
NOI $41,693 @ 7.0% cap · market cap 5.57%
Second Best
Apartment 5plus
$553.5K
$484.3K – $645.8K
NOI $38,747 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,453 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Explore this area
Business Placement
Demographics for 02780, MA
52,299
Population
22,454
Households
2.3
Avg Household Size
41
Median Age
24%
College-Educated
85%
High-School Grad
33.1 sq mi
ZIP Area
1,580
Density / Sq Mi
$75,054
Median Household Income
$48,454
Median Earnings
$1,257
Median Rent
$377,800
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 - Updated kitchens, central air, and a level residential lot support comfortable multifamily occupancy.
Where is this duplex located?
The property is located at 12 Purchase Street Taunton, MA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Duplex with 2,333 square feet of property area; Main unit includes 4 bedrooms and 2 bathrooms; 28,750‑square‑foot cleared, level lot
