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    Two-Bungalow Residential Income Property Title is generated by Realmo AI

    16 Indian Street, Carver, MA 02330

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    Claim this Listing
    For Sale
    $599,000

    Two bungalows on one lot are currently rented, supported by a newer Title 5 system.

    Type:Multi-family / 2 Family
    Property size:
    1,200 SF
    Price / SF:
    $499/SF
    Added:
    May 25, 2026
    Days on Market:
    13
    Last Refresh:
    Jun 6 at 2:16 am

    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

    We can help!

    Listing Contact
    Doug Crane

    Listing agent Doug Crane License #9024971

    Listing office Conway - Bridgewater

    Listing date May 25, 2026

    Source Compass

    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

    HighLights

    • Two bungalows on one lot, currently rented
    • Supported by a newer Title 5 system
    • 2 full bathrooms (2 total baths)
    • Cleared, level lot
    • Year built: 1950
    • Scenic views over cranberry bogs

    Overview

    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.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Dental Office Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Carver
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.7574929
    Latitude
    41.8398819

    Nearby Similar for Sale

    • $800,000
      1,576 SF

      Route 58 Commercial Property

      Commercial property on Route 58 with office and garage.
      36 N Main St, Carver, MA 02330
      View Details
    • $800,000
      1,576 SF

      Route 58 Commercial Property

      Commercial property on Route 58 with office, garage, and barn.
      36 N Main Street, Carver, MA 02330
      View Details
    • $599,000
      1,200 SF

      Duplex Bungalows with Tenants

      Two rented bungalows on one lot offering investor-ready income potential with a newer Title 5 system.
      16-16r Indian Street, Carver, MA 02330
      View Details

    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)
    (508) 697-8300
    We can help!
    Listing Contact
    Doug Crane
    Real Estate License ID: 9024971
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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