Two-Family Duplex with Barn
New
For Sale
$749,900
16 Walnut Street, Taunton, MA 02780
Each residence has separate utilities, with natural gas heating for the building.
Property Size2,600 SF
Price / SF$288.42
Days on Market3
Property Features for 16 Walnut Street
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Multi-family
Occupancy
50%
Units
Unit Mix
2 x 4BR
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Utilities to Site
Yes
Tenant in Place
Yes
Amenities
deck
Building Details
Year Built
1850
Buildings
1
Listing Agency:
Ballow and Hutchinson Realty Group,Inc.
Listed By:
Michael Ballow
(508) 269-5972
Source:
Inrealtyinc
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 12:59PM
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 Ballow and Hutchinson Realty Group,Inc.
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Investment Insights
Based on property information with market context.
Built in 1850, this 2,600-square-foot duplex contains two four-bedroom units. The first-floor residence is occupied; the vacant upper-floor unit has been freshly painted, with new carpeting in some bedrooms. An unfinished walk-up attic provides additional space, and both units have letters of full deleading compliance.
The property includes vinyl siding, vinyl windows, a deck, and a two-stall, two-story barn/garage. City water and sewer serve the building.
The property includes vinyl siding, vinyl windows, a deck, and a two-stall, two-story barn/garage. City water and sewer serve the building.
Key Highlights
- Two 4‑bedroom units in a 2,600‑square‑foot duplex
- First‑floor unit occupied; vacant upper unit freshly painted, with new carpet in some bedrooms
- Unfinished walk‑up attic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,465
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$929,300
$929.3K
Cap Rate 7%
$663,786
$663.8K
Cap Rate 9%
$516,278
$516.3K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$71.8K $27.60/SF
− Vacancy
−$5.4K −$2.07/SF
EGI
$66.4K $25.53/SF
− OpEx
−$19.9K −$7.66/SF
NOI
$46.5K $17.87/SF
Area
Bristol County, MA
Vacancy
7.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$929,300
Cap Rate 7%
$663,786
Cap Rate 9%
$516,278
Alternative Uses
Best Use
Multifamily LT 5
$663.8K
$580.8K – $774.4K
NOI $46,465 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$616.9K
$539.8K – $719.7K
NOI $43,181 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$1.58M
$1.39M – $1.85M
NOI $110,835 @ 7.0% cap · market cap 14.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
50%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,222
Businesses Nearby
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Business Placement
Demographics for 02780, MA
52,299
Population
22,454
Households
2.3
Avg Household Size
41
Median Age
24%
College-Educated
85%
High-School Grad
33.1 sq mi
ZIP Area
1,580
Density / Sq Mi
$75,054
Median Household Income
$48,454
Median Earnings
$1,257
Median Rent
$377,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has separate utilities, with natural gas heating for the building.
Where is this duplex located?
The property is located at 16 Walnut Street Taunton, MA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Two 4‑bedroom units in a 2,600‑square‑foot duplex; First‑floor unit occupied; vacant upper unit freshly painted, with new carpet in some bedrooms; Unfinished walk‑up attic
