Duplex Bungalows on One
For Sale
$599,000
16-16R Indian Street, Carver, MA 02330
Two rented bungalows on one lot in Carver, MA, with a newer Title 5 system installed.
Property Size1,200 SF
Price / SF$499.17
Days on Market147
Property Features for 16-16R Indian Street
General Information
Standard status
Active
Size
1,200 SF
Total Parking Spaces
8
Property subtype
Multi-Family
Zoning
RA
Occupancy
100%
Net Operating Income
$48,000
Additional Details
Business Included
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,220
Building Details
Building Size
1,200 SF
Year Built
1950
Stories
2
Listing Agency:
Conway - Bridgewater
(508) 697-8300
Listed By:
Doug Crane · License #9024971
(508) 843-7985
Source:
Churchillprop
Added: May 27
Changed: Oct 6
Last Checked: Oct 19 at 5:08AM
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 income property consists of two bungalows on a single lot. Both units are currently rented, and the seller indicates tours cannot occur without an accepted offer, with the sale planned with tenants in place. A newer Title 5 system has been installed.
The property is located at 16-16R Indian Street in Carver, MA, and offers wide open vistas overlooking cranberry bogs. Investors may be able to drive by and view the setting; contact the listing agent for additional details and access requirements.
The property is located at 16-16R Indian Street in Carver, MA, and offers wide open vistas overlooking cranberry bogs. Investors may be able to drive by and view the setting; contact the listing agent for additional details and access requirements.
Key Highlights
- Two bungalows on one lot in Carver, MA
- Both bungalows are currently rented
- Includes a 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Turnkey business
Opportunity
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 in Carver, MA, with a newer Title 5 system installed.
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 in Carver, MA; Both bungalows are currently rented; Includes a newer Title 5 system installed
