Duplex with Additional
New
For Sale
$450,000
2 Billings St, Taunton, MA 02780
The two-family property requires updating and is offered in as-is condition.
Property Size1,564 SF
Lot Size0.53 Acres
Price / SF$287.72
Days on Market1
Property Features for 2 Billings St
General Information
Standard status
Active
Size
1,564 SF
Lot size
0.53 Acres
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
needs updating
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Building Details
Year Built
1920
Listing Agency:
Danielle Goes, Mega Realty Services
Listed By:
The Ponte Group
(508) 642-4802
Source:
Pontegroupne
Added: Oct 30
Last Checked: Oct 30 at 12:02PM
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 Danielle Goes, Mega Realty Services
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Investment Insights
Based on property information with market context.
Built in 1920, this two-family property contains 1,564 square feet and requires updating. The sale includes the parcel at 2 Billings St and additional land at 0 Knight St. The property is being sold in as-is condition.
The Billings St parcel contains 6,098 square feet, while the Knight St land contains 16,998 square feet. Utilities were reported to be operating without issues based on the seller’s knowledge; the property had been fully occupied until recently.
The Billings St parcel contains 6,098 square feet, while the Knight St land contains 16,998 square feet. Utilities were reported to be operating without issues based on the seller’s knowledge; the property had been fully occupied until recently.
Key Highlights
- Two‑family property with 1,564 square feet
- Built in 1920
- Sale includes 6,098‑square‑foot parcel at 2 Billings St
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,950
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,000
$559.0K
Cap Rate 7%
$399,286
$399.3K
Cap Rate 9%
$310,556
$310.6K
Market Conditions
NOI Build-Up for 1,564 SF
Gross rent
$43.2K $27.60/SF
− Vacancy
−$3.2K −$2.07/SF
EGI
$39.9K $25.53/SF
− OpEx
−$12.0K −$7.66/SF
NOI
$28.0K $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%
$559,000
Cap Rate 7%
$399,286
Cap Rate 9%
$310,556
Alternative Uses
Best Use
Multifamily LT 5
$399.3K
$349.4K – $465.8K
NOI $27,950 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$371.1K
$324.7K – $432.9K
NOI $25,975 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$952.4K
$833.4K – $1.11M
NOI $66,671 @ 7.0% cap · market cap 14.82%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
255
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 - The two-family property requires updating and is offered in as-is condition.
Where is this duplex located?
The property is located at 2 Billings St Taunton, MA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑family property with 1,564 square feet; Built in 1920; Sale includes 6,098‑square‑foot parcel at 2 Billings St
