Fully Leased 3-Unit Residential
147 South Avenue Whitman, MA 02382
147 South Avenue, Whitman, MA, 02382
$799,900
For Sale
$799,900
Fully rented 3-family residence with three separate units, in-unit laundry, and central air.
Property Size3,531 SF
Price / SF$226.54
Days on Market221
Property Features for 147 South Avenue
General Information
- Standard status
- Active
- Size
- 3,531 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
LAER Realty Partners
Listed by
Julie Ochs
(781) 635-9022
Source
Lindorealtygroup
Added: Dec 13, 2025 Updated: Jul 21 at 2:36AM Checked: Jul 21 at 7:06AM
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 LAER Realty Partners
Investment Insights
Based on property information with market context.
This fully rented 3-family residence includes three separate units. Unit 1 features 2 bedrooms and 1.5 bathrooms, with in-unit laundry and a bonus room. Unit 2 offers 2 bedrooms and 1.5 bathrooms, along with in-unit laundry. Unit 3 provides 1 bedroom and 1 bathroom. Each unit includes off-street parking, and each kitchen is equipped with a refrigerator, range, microwave, and dishwasher. Central air serves the building.
The property is located about 0.2 miles from Whitman town hall.
Across the units, primary bedrooms have direct full bathroom access, and each unit is equipped with in-unit laundry for added convenience.
The property is located about 0.2 miles from Whitman town hall.
Across the units, primary bedrooms have direct full bathroom access, and each unit is equipped with in-unit laundry for added convenience.
Key Highlights
- Fully rented 3‑family residence with three separate units
- Year built 1920
- Unit mix includes 2BR/1.5BA units (Units 1 and 2) and a 1BR/1BA unit (Unit 3)
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 | $90.0k | $25.50 |
| − Vacancy | −$4.8k | −$1.36 |
| EGI | $85.3k | $24.14 |
| − OpEx | −$25.6k | −$7.24 |
| NOI | $59.7k | $16.90 |
3,531 SF · lease $25.50/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$852.5K
$745.9K – $994.6K
NOI $59,675 @ 7.0% cap · market cap 7.46%
Second Best
Apartment 5plus
$785.7K
$687.5K – $916.7K
NOI $54,999 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,324 @ 7.0% cap · market cap 18.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully rented 3-family residence with three separate units, in-unit laundry, and central air.
Where is this triplex located?
The property is located at 147 South Avenue Whitman, MA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Fully rented 3‑family residence with three separate units; Year built 1920; Unit mix includes 2BR/1.5BA units (Units 1 and 2) and a 1BR/1BA unit (Unit 3)
