Duplex with Side
For Sale
$524,900
18 Bliss Street, Dartmouth, MA 02748
Five-bedroom layout includes two full bathrooms, a kitchen, living room, and mudroom.
Property Size2,488 SF
Price / SF$210.97
Days on Market165
Property Features for 18 Bliss Street
General Information
Standard status
Active
Size
2,488 SF
Property subtype
Multi-family / 2 Family - 2 Units Up/Down
Zoning
MDL 01
Taxes and HOA fees
Annual Taxes
$2,960
Amenities
No, .00
No
Wood, Vinyl, Carpet, Hardwood, Pine
2.0
Full, Partially Finished, Interior Access, Concrete Floor
Living Room, Kitchen, Mudroom
2
2.00
Fenced/Enclosed
Frame
Shingle
Harbor, Walk to
Harbor, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Building Details
Year Built
1900
Listing Agency:
Milbury and Company
(508) 997-7400
Listed By:
Thomas Chace · License #138145
(508) 997-7400
Source:
Compass
Added: Mar 19
Changed: Aug 29
Last Checked: Aug 29 at 3:40PM
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 Milbury and Company
Investment Insights
Based on property information with market context.
This duplex at 18 Bliss Street in Dartmouth offers 2,488 square feet with five bedrooms and two full bathrooms. The interior includes a living room, kitchen, mudroom, hardwood, pine, vinyl, carpet, and a full cellar with partial finishing, interior access, and a concrete floor. The frame structure was built in 1900 and features shingle siding, a side porch, and enclosed fencing along the back and side yards.
Documented improvements include whole-house insulation completed in 2016, roofing shingles and chimney work from 2006, wiring updates in 2000 and 2010, vinyl siding installed in 1994, a side porch added in 2019, cellar stair replacement in 2018, and windows from 1999. The property is identified as MDL 01 zoning and includes noted harbor proximity, with public beach access listed 3/10 to 1/2 mile away.
Documented improvements include whole-house insulation completed in 2016, roofing shingles and chimney work from 2006, wiring updates in 2000 and 2010, vinyl siding installed in 1994, a side porch added in 2019, cellar stair replacement in 2018, and windows from 1999. The property is identified as MDL 01 zoning and includes noted harbor proximity, with public beach access listed 3/10 to 1/2 mile away.
Key Highlights
- 2,488‑square‑foot duplex with five bedrooms and two full bathrooms
- 1900 construction with frame structure and shingle exterior
- Whole‑house insulation completed in 2016
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,463
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$889,260
$889.3K
Cap Rate 7%
$635,186
$635.2K
Cap Rate 9%
$494,033
$494.0K
Market Conditions
NOI Build-Up for 2,488 SF
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.
Gross rent
$68.7K $27.60/SF
− Vacancy
−$5.2K −$2.07/SF
EGI
$63.5K $25.53/SF
− OpEx
−$19.1K −$7.66/SF
NOI
$44.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$889,260
Cap Rate 7%
$635,186
Cap Rate 9%
$494,033
Alternative Uses
Best Use
Multifamily LT 5
$635.2K
$555.8K – $741.1K
NOI $44,463 @ 7.0% cap · market cap 8.47%
Second Best
Apartment 5plus
$590.3K
$516.5K – $688.7K
NOI $41,321 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,060 @ 7.0% cap · market cap 20.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Explore this area
Business Placement
Demographics for 02748, MA
11,888
Population
5,409
Households
2.2
Avg Household Size
52
Median Age
45%
College-Educated
89%
High-School Grad
23.2 sq mi
ZIP Area
512
Density / Sq Mi
$105,455
Median Household Income
$53,268
Median Earnings
$1,362
Median Rent
$482,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Five-bedroom layout includes two full bathrooms, a kitchen, living room, and mudroom.
Where is this duplex located?
The property is located at 18 Bliss Street Dartmouth, MA.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: 2,488‑square‑foot duplex with five bedrooms and two full bathrooms; 1900 construction with frame structure and shingle exterior; Whole‑house insulation completed in 2016
