Two-Bungalow Residential Income
16 Indian Street Carver, MA 02330
16 Indian Street, Carver, MA, 02330
$599,000
For Sale
$599,000
Two bungalows on one lot are currently rented, supported by a newer Title 5 system.
Property Size1,200 SF
Price / SF$499.17
Days on Market59
Property Features for 16 Indian Street
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1950
Listing agency
Conway - Bridgewater
(508) 697-8300
Listed by
Doug Crane · License #9024971
(508) 697-8300
Source
Compass
Added: May 24 Updated: Jul 10 at 1:49PM Checked: Jul 21 at 7:05AM
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 residential income property consists of two bungalows on a single lot. The homes are currently rented, and the property is being marketed with tenants in place, which affects tour availability. A newer Title 5 system has been installed, providing an updated component of the on-site wastewater infrastructure.
The outdoor setting includes wide open vistas overlooking cranberry bogs, offering a distinctive landscape backdrop. Investors can drive by to view the location; however, showings cannot occur without an accepted offer.
For buyers seeking a multi-home setup, this asset offers two separate bungalows under one ownership structure, with occupancy already in place. Because the units are currently rented, prospective purchasers should plan to coordinate through the listing agent for details and for any access needed after an offer is accepted.
The outdoor setting includes wide open vistas overlooking cranberry bogs, offering a distinctive landscape backdrop. Investors can drive by to view the location; however, showings cannot occur without an accepted offer.
For buyers seeking a multi-home setup, this asset offers two separate bungalows under one ownership structure, with occupancy already in place. Because the units are currently rented, prospective purchasers should plan to coordinate through the listing agent for details and for any access needed after an offer is accepted.
Key Highlights
- Two bungalows on one lot, currently rented
- Supported by a newer Title 5 system
- 2 full bathrooms (2 total baths)
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 bungalows on one lot are currently rented, supported by a newer Title 5 system.
Where is this duplex located?
The property is located at 16 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; Supported by a newer Title 5 system; 2 full bathrooms (2 total baths)
