Two-Unit Residential Income
191-193 South Street Hingham, MA 02043
191-193 South Street, Hingham, MA, 02043
$900,000
For Sale
$900,000
Two updated units with hardwood floors, stainless appliance kitchens, and a shared yard plus four off-street parking spots.
Property Size2,000 SF
Price / SF$450
Days on Market128
Property Features for 191-193 South Street
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1783
Listing agency
Century 21 Limitless
(508) 726-3492
Listed by
Kyle Seyboth · License #9578242
(508) 726-3492
Source
Compass
Added: Mar 16 Updated: Jul 21 at 6:17PM Checked: Jul 21 at 6:17PM
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 Century 21 Limitless
Investment Insights
Based on property information with market context.
This well-maintained two-family home offers two residential units within one property, each with hardwood flooring and bright, airy interiors. The first unit features 2 bedrooms and 1 full bath, and the second unit includes 2 bedrooms, 1 full bath, and 1 half bath. Updated kitchens are equipped with stainless steel appliances.
Outdoor space is provided through a shared yard area. The property also includes four off-street parking spots.
Located for convenience to nearby shops, restaurants, schools, and public transportation, this duplex-style income property suits both owner-occupants and investors looking for flexible living arrangements.
Outdoor space is provided through a shared yard area. The property also includes four off-street parking spots.
Located for convenience to nearby shops, restaurants, schools, and public transportation, this duplex-style income property suits both owner-occupants and investors looking for flexible living arrangements.
Key Highlights
- Two‑family home with two 2‑bedroom units and a total of 3 bathrooms (2 full, 1 half)
- Hardwood flooring and bright interiors with an abundance of windows in both units
- Updated kitchens with stainless steel appliances in both units
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 | $51.0k | $25.50 |
| − Vacancy | −$2.7k | −$1.36 |
| EGI | $48.3k | $24.14 |
| − OpEx | −$14.5k | −$7.24 |
| NOI | $33.8k | $16.90 |
2,000 SF · lease $25.50/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$482.9K
$422.5K – $563.4K
NOI $33,801 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$445.0K
$389.4K – $519.2K
NOI $31,152 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,879 @ 7.0% cap · market cap 9.21%
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 updated units with hardwood floors, stainless appliance kitchens, and a shared yard plus four off-street parking spots.
Where is this duplex located?
The property is located at 191-193 South Street Hingham, MA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Two‑family home with two 2‑bedroom units and a total of 3 bathrooms (2 full, 1 half); Hardwood flooring and bright interiors with an abundance of windows in both units; Updated kitchens with stainless steel appliances in both units
