Duplex Bungalows with
For Sale
$599,000
16-16r Indian Street, Carver, MA 02330
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 Market157
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
Tenancy
Multi
Listing Agency:
Conway - Bridgewater
Listed By:
Doug Crane · License #9024971
(508) 843-7985
Source:
Hammondre
Added: May 15
Changed: Oct 16
Last Checked: Oct 16 at 8:38AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,280
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,600
$405.6K
Cap Rate 7%
$289,714
$289.7K
Cap Rate 9%
$225,333
$225.3K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$30.6K $25.50/SF
− Vacancy
−$1.6K −$1.36/SF
EGI
$29.0K $24.14/SF
− OpEx
−$8.7K −$7.24/SF
NOI
$20.3K $16.90/SF
Area
Plymouth County, MA
Vacancy
5.32%
Lease Rate
$25.50 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,600
Cap Rate 7%
$289,714
Cap Rate 9%
$225,333
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 authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Explore this area
Business Placement
Demographics for 02330, MA
11,645
Population
5,048
Households
2.3
Avg Household Size
46
Median Age
27%
College-Educated
95%
High-School Grad
37.3 sq mi
ZIP Area
312
Density / Sq Mi
$78,955
Median Household Income
$53,605
Median Earnings
$1,759
Median Rent
$409,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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
