Duplex Bungalows with
16-16r Indian Street Carver, MA 02330
16-16r Indian Street, Carver, MA, 02330
$599,000
For Sale
$599,000
Two rented bungalows on one lot offering investor-ready income potential with a newer Title 5 system.
Property Size1,200 SF
Price / SF$499.17
Days on Market54
Property Features for 16-16r Indian Street
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1950
Listing Agency
Conway - Bridgewater
Listed by
Doug Crane
(617) 731-4644
Source
Hammondre
Added: May 27 Checked: Jul 19 at 6:57 am
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 Conway - Bridgewater
Investment Insights
Based on property information with market context.
This offering features two bungalows on a single lot, positioned for investors seeking income-producing residential units already under lease. The properties are currently rented with great tenants, and tours are not available without an accepted offer. The sale structure allows the opportunity to purchase with tenants in place.
Set in a scenic setting with wide open vistas overlooking beautiful cranberry bogs, the location offers a distinctive backdrop. Investors may drive by to view the property and the surrounding views. Additionally, a newer Title 5 system was installed.
For buyers looking for a turn-key-style investment, the presence of established tenants reduces immediate occupancy risk and supports an income-focused purchase. The duplex-style configuration of two bungalows on one lot can also appeal to investors who want multiple income streams within a single property boundary. Contact the listing agent for details and to review the tenancy arrangements that will convey with the sale.
Set in a scenic setting with wide open vistas overlooking beautiful cranberry bogs, the location offers a distinctive backdrop. Investors may drive by to view the property and the surrounding views. Additionally, a newer Title 5 system was installed.
For buyers looking for a turn-key-style investment, the presence of established tenants reduces immediate occupancy risk and supports an income-focused purchase. The duplex-style configuration of two bungalows on one lot can also appeal to investors who want multiple income streams within a single property boundary. Contact the listing agent for details and to review the tenancy arrangements that will convey with the sale.
Key Highlights
- Two bungalows on one lot, currently rented with tenants in place
- Year built: 1950
- Newer Title 5 system installed
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 | $30.6k | $25.50 |
| − Vacancy | −$1.6k | −$1.36 |
| EGI | $29.0k | $24.14 |
| − OpEx | −$8.7k | −$7.24 |
| NOI | $20.3k | $16.90 |
1,200 SF · lease $25.50/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$289.7K
$253.5K – $338.0K
NOI $20,280 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$267.0K
$233.6K – $311.5K
NOI $18,691 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$710.4K
$621.6K – $828.8K
NOI $49,728 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two rented bungalows on one lot offering investor-ready income potential with a newer Title 5 system.
Where is this duplex located?
The property is located at 16-16r Indian Street Carver, MA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two bungalows on one lot, currently rented with tenants in place; Year built: 1950; Newer Title 5 system installed
