Two-Unit Residential Income
177 Pleasant Street Whitman, MA 02382
177 Pleasant Street, Whitman, MA, 02382
$664,000
For Sale
$664,000
Two separate units include newer heating systems, vinyl siding, and hardwood floors, plus a deck and fenced yard.
Property Size1,987 SF
Price / SF$334.17
Days on Market83
Property Features for 177 Pleasant Street
General Information
- Standard status
- Active
- Size
- 1,987 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1860
Listing agency
StartPoint Realty
Listed by
Anthony McSharry
(774) 280-2745
Source
Broadboutique
Added: Apr 30 Updated: Jul 21 at 3:21AM Checked: Jul 21 at 3:21AM
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 StartPoint Realty
Investment Insights
Based on property information with market context.
This Whitman two-family residential income property features two separate apartments with independent utilities. The first-floor layout has been used as a three-bedroom configuration, with public records listing it as a two-bedroom, and includes hardwood floors throughout. A heated sunroom with a separate zone adds additional living space, and the second-floor unit offers one bedroom with well-proportioned rooms.
The exterior includes an oversized deck and a huge fenced-in back yard, with separate driveways for each unit. The home is on a large lot and has town water and sewer services, creating a straightforward path to add an accessory dwelling unit, subject to applicable approvals. New heating systems are reported as approximately two years old, vinyl siding is about four years old, and both apartments were professionally painted two years ago.
Overall, the property is configured for clear separation between units while retaining a single-family-style outdoor setup, supported by recent system and cosmetic updates.
The exterior includes an oversized deck and a huge fenced-in back yard, with separate driveways for each unit. The home is on a large lot and has town water and sewer services, creating a straightforward path to add an accessory dwelling unit, subject to applicable approvals. New heating systems are reported as approximately two years old, vinyl siding is about four years old, and both apartments were professionally painted two years ago.
Overall, the property is configured for clear separation between units while retaining a single-family-style outdoor setup, supported by recent system and cosmetic updates.
Key Highlights
- Whitman 2‑family built in 1860 with two separate apartments, separate utilities, and separate driveways for each unit
- Newer systems: heating systems are about 2 years old; vinyl siding is about 4 years old
- Both apartments were professionally painted about 2 years ago and feature hardwood floors on the first and second floors
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 | $50.7k | $25.50 |
| − Vacancy | −$2.7k | −$1.36 |
| EGI | $48.0k | $24.14 |
| − OpEx | −$14.4k | −$7.24 |
| NOI | $33.6k | $16.90 |
1,987 SF · lease $25.50/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$479.7K
$419.8K – $559.7K
NOI $33,581 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$442.1K
$386.9K – $515.8K
NOI $30,950 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,341 @ 7.0% cap · market cap 12.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate units include newer heating systems, vinyl siding, and hardwood floors, plus a deck and fenced yard.
Where is this duplex located?
The property is located at 177 Pleasant Street Whitman, MA.
What is the asking price?
The asking price for this property is $664,000.
What are key features of this property?
This property features: Whitman 2‑family built in 1860 with two separate apartments, separate utilities, and separate driveways for each unit; Newer systems: heating systems are about 2 years old; vinyl siding is about 4 years old; Both apartments were professionally painted about 2 years ago and feature hardwood floors on the first and second floors
