Renovated Duplex with
For Sale
$1,195,000
Pending
134 King St, Groveland, MA 01834
Residential Income, Groveland, MA
Property Size4,300 SF
Lot Size1.23 Acres
Days on Market98
Property Features for 134 King St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RB
Bedrooms
6
Bathrooms
4
Full bathrooms
3
Half bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 5, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 6
Parking
14
Fireplace
1
Directions
Center St to King St, property sits at the corner of Center and King.
Standard status
Pending
APN
M:26 B:022 L:0,1914982
Size
4,300 SF
Lot size
1.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
14692
Building Details
Year built
1723
Floors in Building
4
Number of units
2
Listing Agency:
Keller Williams Realty
(978) 475-2111
Listed By:
Susan Rochwarg
(978) 902-1231
Added: Jun 1
Changed: Sep 2
Last Checked: Sep 6 at 3:06AM
MLS# 73527718
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.
Located at 134 King St in Groveland, Massachusetts, this renovated duplex was built in 1723 and contains 4,300 square feet of living space. The two residences connect through a breezeway, with the smaller unit offering two bedrooms, vaulted ceilings, and skylights. The main house includes four bedrooms, and the property also has a fireplace.
The property occupies a flat 1.23-acre lot and includes a two-car garage/barn with secure parking, storage, and a large heated loft. The RB-zoned residential asset provides a two-unit configuration with substantial interior and exterior space.
The property occupies a flat 1.23-acre lot and includes a two-car garage/barn with secure parking, storage, and a large heated loft. The RB-zoned residential asset provides a two-unit configuration with substantial interior and exterior space.
Key Highlights
- 4,300 square feet of living space in a two‑family residence
- Built in 1723 and extensively renovated
- Two attached units connected by a breezeway
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
$72,439
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
6.06%
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%
$1,448,780
$1.4M
Cap Rate 7%
$1,034,843
$1.0M
Cap Rate 9%
$804,878
$804.9K
Market Conditions
NOI Build-Up for 4,300 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
$108.4K $25.20/SF
− Vacancy
−$4.9K −$1.13/SF
EGI
$103.5K $24.07/SF
− OpEx
−$31.0K −$7.22/SF
NOI
$72.4K $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%
$1,448,780
Cap Rate 7%
$1,034,843
Cap Rate 9%
$804,878
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$905.5K – $1.21M
NOI $72,439 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$934.1K
$817.4K – $1.09M
NOI $65,388 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$2.55M
$2.23M – $2.97M
NOI $178,191 @ 7.0% cap · market cap 14.91%
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
55
Businesses Nearby
Explore this area
Business Placement
Demographics for 01834, MA
6,752
Population
2,756
Households
2.4
Avg Household Size
46
Median Age
46%
College-Educated
97%
High-School Grad
8.9 sq mi
ZIP Area
759
Density / Sq Mi
$135,521
Median Household Income
$79,521
Median Earnings
$1,815
Median Rent
$571,900
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 attached residential units offer flexible living arrangements, vaulted ceilings, skylights, and a two-car garage/barn.
Where is this duplex located?
The property is located at 134 King St Groveland, MA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 4,300 square feet of living space in a two‑family residence; Built in 1723 and extensively renovated; Two attached units connected by a breezeway
