Duplex with Detached Two-Car
New
For Sale
$580,000
Pending
16 Taylor, Methuen, MA 01844
Two-family property with a private yard and interior improvements needed.
Property Size2,870 SF
Days on Market7
Property Features for 16 Taylor
General Information
Standard status
Pending
Size
2,870 SF
Total Parking Spaces
2
Property subtype
Investment
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,356
Building Details
Building Size
2,870 SF
Year Built
1950
Buildings
1
Stories
2
Units
2
Listing Agency:
Century 21 North East
(978) 423-6545
Listed By:
Fermin Group
(978) 423-6545
Source:
Elliman
Added: Aug 15
Changed: Aug 21
Last Checked: Aug 21 at 7:44AM
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 Century 21 North East
Investment Insights
Based on property information with market context.
This two-family residential property, built in 1950, includes three bedrooms and a functional layout requiring renovation. The sale is offered as-is, providing a clear starting point for an ownership or renovation plan.
Outdoor features include a yard and a detached two-car garage with additional space. The garage can support storage or workshop use, subject to the buyer’s intended plans and applicable requirements. The property is located at 16 Taylor in Methuen Town, Massachusetts.
Outdoor features include a yard and a detached two-car garage with additional space. The garage can support storage or workshop use, subject to the buyer’s intended plans and applicable requirements. The property is located at 16 Taylor in Methuen Town, Massachusetts.
Key Highlights
- Two‑family duplex property built in 1950
- Three bedrooms
- Detached two‑car garage with additional space
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
$48,349
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
8.34%
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%
$966,980
$967.0K
Cap Rate 7%
$690,700
$690.7K
Cap Rate 9%
$537,211
$537.2K
Market Conditions
NOI Build-Up for 2,870 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
$72.3K $25.20/SF
− Vacancy
−$3.3K −$1.13/SF
EGI
$69.1K $24.07/SF
− OpEx
−$20.7K −$7.22/SF
NOI
$48.3K $16.85/SF
Area
Essex County, MA
Vacancy
4.50%
Lease Rate
$25.20 /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%
$966,980
Cap Rate 7%
$690,700
Cap Rate 9%
$537,211
Alternative Uses
Best Use
Multifamily LT 5
$690.7K
$604.4K – $805.8K
NOI $48,349 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$623.5K
$545.5K – $727.4K
NOI $43,642 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,932 @ 7.0% cap · market cap 20.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
Explore this area
Business Placement
Demographics for 01844, MA
52,970
Population
19,496
Households
2.7
Avg Household Size
42
Median Age
30%
College-Educated
89%
High-School Grad
22.1 sq mi
ZIP Area
2,397
Density / Sq Mi
$103,292
Median Household Income
$52,176
Median Earnings
$1,610
Median Rent
$471,900
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 - Two-family property with a private yard and interior improvements needed.
Where is this duplex located?
The property is located at 16 Taylor Methuen, MA.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Two‑family duplex property built in 1950; Three bedrooms; Detached two‑car garage with additional space
