Building Details

Year Built 1900

Buildings 1

Listing Agency: Realty One Group Next Level

Listed By: Kristen Endyke Show Phone

Source: Jmulkerinrealty

Added: Oct 15 Changed: Oct 19 Last Checked: Oct 19 at 7:39AM

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Investment Insights

Based on property information with market context.

Built in 1900, this 3,035-square-foot duplex contains two apartments. The first-floor unit has two bedrooms, a living room, an eat-in kitchen, and its own laundry room. The second apartment occupies the upper two floors, with an eat-in kitchen featuring a center island, a dining area, living room, full bathroom, separate laundry, and two bedrooms on the top floor.

The property at 208 Railroad in Abington, Massachusetts, also includes a flat, fenced backyard, two separate driveways, and basement storage accessed through a rear bulkhead. Each apartment has an updated heating system serving it independently.

Key Highlights

• 3,035‑square‑foot duplex built in 1900
• Two apartments, each with its own updated heating system and laundry
• First‑floor apartment has two bedrooms, an eat‑in kitchen, and a living room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,293

Cap Rate

7.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,025,860 $1.0M

Cap Rate 7%

$732,757 $732.8K

Cap Rate 9%

$569,922 $569.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,035 SF

Gross rent

$77.4K $25.50/SF

− Vacancy

−$4.1K −$1.36/SF

EGI

$73.3K $24.14/SF

− OpEx

−$22.0K −$7.24/SF

NOI

$51.3K $16.90/SF

Area

Plymouth County, MA

Vacancy

5.32%

Lease Rate

$25.50 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,025,860

Cap Rate 7%

$732,757

Cap Rate 9%

$569,922

Alternative Uses

Best Use

Multifamily LT 5

$732.8K

$641.2K – $854.9K (±1% cap)

NOI $51,293 @ 7.0% cap · market cap 7.04%

Second Best

Apartment 5plus

$675.3K

$590.9K – $787.9K (±1% cap)

NOI $47,273 @ 7.0% cap · market cap 6.48%

Theoretical Best

Office A

$1.80M

$1.57M – $2.10M (±1% cap)

NOI $125,770 @ 7.0% cap · market cap 17.25%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

289

Businesses Nearby

Explore this area Business Placement

Demographics for 02351, MA

17,085

Population

6,576

Households

2.6

Avg Household Size

41

Median Age

40%

College-Educated

96%

High-School Grad

10.0 sq mi

ZIP Area

1,709

Density / Sq Mi

$119,787

Median Household Income

$61,646

Median Earnings

$1,547

Median Rent

$516,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Both apartments have independent heating and laundry, with separate driveways providing off-street parking.

Where is this duplex located?

The property is located at 208 Railroad Abington, MA.

What is the asking price?

The asking price for this property is $729,000.

What are key features of this property?

This property features: 3,035‑square‑foot duplex built in 1900; Two apartments, each with its own updated heating system and laundry; First‑floor apartment has two bedrooms, an eat‑in kitchen, and a living room