Renovated 6-Unit Apartment
For Sale
$1,400,000
122 Winthrop Street, Taunton, MA 02780
Renovated multifamily property with six residential units and a versatile 23-room configuration.
Property Size4,267 SF
Price / SF$328.10
Days on Market9
Property Features for 122 Winthrop Street
General Information
Standard status
Active
Size
4,267 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
6
Building Details
Year Built
1900
Listing Agency:
Hartford Homes Realty LLC
Listed By:
Traci Almeida
(508) 287-2695
Source:
Demakis
Added: Aug 12
Changed: Aug 19
Last Checked: Aug 20 at 8:37AM
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 Hartford Homes Realty LLC
Investment Insights
Based on property information with market context.
Located at 122 Winthrop Street in Taunton, Massachusetts, this 6-unit apartment building contains 23 total rooms and 9 bedrooms across its residential layout. The property was originally built in 1900 and has undergone extensive renovations and updates within the last 10 years.
The six-unit configuration provides a substantial multifamily footprint in a single property, with updated interiors and a broad room count supporting varied residential layouts. Its established building character, renovated condition, and unit count define the asset’s core profile.
The six-unit configuration provides a substantial multifamily footprint in a single property, with updated interiors and a broad room count supporting varied residential layouts. Its established building character, renovated condition, and unit count define the asset’s core profile.
Key Highlights
- Six residential units in one multifamily property
- 23 total rooms and 9 bedrooms
- Extensively renovated and updated within the last 10 years
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
$70,867
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
5.06%
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%
$1,417,340
$1.4M
Cap Rate 7%
$1,012,386
$1.0M
Cap Rate 9%
$787,411
$787.4K
Market Conditions
NOI Build-Up for 4,267 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
$138.3K $32.40/SF
− Vacancy
−$9.4K −$2.20/SF
EGI
$128.8K $30.20/SF
− OpEx
−$58.0K −$13.59/SF
NOI
$70.9K $16.61/SF
Area
Bristol County, MA
Vacancy
6.80%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
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%
$1,417,340
Cap Rate 7%
$1,012,386
Cap Rate 9%
$787,411
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$885.8K – $1.18M
NOI $70,867 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.60M
$2.27M – $3.03M
NOI $181,897 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,141
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated multifamily property with six residential units and a versatile 23-room configuration.
Where is this apartment building located?
The property is located at 122 Winthrop Street Taunton, MA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Six residential units in one multifamily property; 23 total rooms and 9 bedrooms; Extensively renovated and updated within the last 10 years
