Two-Family Waterfront
1292 Riverside Avenue Somerset, MA 02726
1292 Riverside Avenue, Somerset, MA, 02726
$645,000
For Sale
$645,000
Legal 2-family on the Taunton River with enclosed porch, accessible ramp, and attached breezeway to rear roll-up garage door.
Property Size2,509 SF
Price / SF$257.07
Days on Market87
Property Features for 1292 Riverside Avenue
General Information
- Standard status
- Active
- Size
- 2,509 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1900
Listing agency
Residential Properties Ltd. - Barrington
(401) 245-9600
Listed by
Paula Silva · License #132161
(401) 245-9600
Source
Compass
Added: Apr 26 Updated: Jul 20 at 6:41PM Checked: Jul 21 at 5:58AM
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 Residential Properties Ltd. - Barrington
Investment Insights
Based on property information with market context.
Legal 2-family waterfront property on the Taunton River, offered as a single residence use or as an in-law arrangement. The main home includes a large kitchen, living room, three bedrooms, and a full bath on both the first and second floors. The in-law suite on the first floor features one bedroom, living room, kitchen, full bath, and a handicap-accessible ramp.
An enclosed rear porch provides sweeping sunrise views across the river. An attached breezeway leads to a rear roll-up garage door for access to the backyard and the river. The property also includes a rustic covered outdoor kitchen at the water’s edge.
The home is zoned for small business. The past use was an art shop, and the remarks indicate potential for a dock. Interior updates are needed, though the property is described as structurally sound.
An enclosed rear porch provides sweeping sunrise views across the river. An attached breezeway leads to a rear roll-up garage door for access to the backyard and the river. The property also includes a rustic covered outdoor kitchen at the water’s edge.
The home is zoned for small business. The past use was an art shop, and the remarks indicate potential for a dock. Interior updates are needed, though the property is described as structurally sound.
Key Highlights
- Legal 2‑family property on the Taunton River with river frontage and public beach ownership
- Enclosed rear porch with scenic sunrise river views, plus covered patio/deck and rain gutters
- Main home includes large kitchen, living room, 3 bedrooms, and 1 full bathroom across 1st and 2nd floors
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.2k | $27.60 |
| − Vacancy | −$5.2k | −$2.07 |
| EGI | $64.1k | $25.53 |
| − OpEx | −$19.2k | −$7.66 |
| NOI | $44.8k | $17.87 |
2,509 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$640.5K
$560.5K – $747.3K
NOI $44,838 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$595.3K
$520.9K – $694.5K
NOI $41,670 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,956 @ 7.0% cap · market cap 16.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Legal 2-family on the Taunton River with enclosed porch, accessible ramp, and attached breezeway to rear roll-up garage door.
Where is this duplex located?
The property is located at 1292 Riverside Avenue Somerset, MA.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Legal 2‑family property on the Taunton River with river frontage and public beach ownership; Enclosed rear porch with scenic sunrise river views, plus covered patio/deck and rain gutters; Main home includes large kitchen, living room, 3 bedrooms, and 1 full bathroom across 1st and 2nd floors
