Two-Family Home with Finished
2118 Riverside Ave Somerset, MA 02726
2118 Riverside Ave, Somerset, MA, 02726
$749,000
For Sale
$749,000
Two-family residence on a corner lot featuring a finished attic, partially finished basement, and under-house garage.
Property Size2,709 SF
Price / SF$276.49
Days on Market11
Property Features for 2118 Riverside Ave
General Information
- Standard status
- Active
- Size
- 2,709 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1920
Listing Agency
Keller Williams South Watuppa
(774) 488-8654
Listed by
Dawn Mercer
(774) 488-8654
Source
Iverty
Added: Jul 8 Checked: Jul 18 at 2:43 am
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 Keller Williams South Watuppa
Investment Insights
Based on property information with market context.
This two-family home offers two generous units with additional flexible space, including a finished attic and a partially finished basement. The property includes an under-house garage for added convenience and storage. Outside, a koi pond sets the tone in the front yard, while the fenced backyard features an oversized deck intended for outdoor entertaining.
Set on a corner lot at the end of a dead-end street, the home is located just two houses from the waterfront. It is described as being minutes from shopping, dining, schools, and major highways.
The property will be delivered vacant, providing immediate flexibility for the next owner.
Set on a corner lot at the end of a dead-end street, the home is located just two houses from the waterfront. It is described as being minutes from shopping, dining, schools, and major highways.
The property will be delivered vacant, providing immediate flexibility for the next owner.
Key Highlights
- Two‑family home on a corner lot on a dead‑end street, just two homes from the waterfront in Somerset
- Built in 1920 and delivered vacant for immediate owner‑occupant or investor flexibility
- Two generous units plus a finished attic and a partially finished basement for added living space options
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 | $74.8k | $27.60 |
| − Vacancy | −$5.6k | −$2.07 |
| EGI | $69.2k | $25.53 |
| − OpEx | −$20.7k | −$7.66 |
| NOI | $48.4k | $17.87 |
2,709 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$691.6K
$605.2K – $806.9K
NOI $48,413 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$642.7K
$562.4K – $749.9K
NOI $44,992 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,481 @ 7.0% cap · market cap 15.42%
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-family residence on a corner lot featuring a finished attic, partially finished basement, and under-house garage.
Where is this duplex located?
The property is located at 2118 Riverside Ave Somerset, MA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two‑family home on a corner lot on a dead‑end street, just two homes from the waterfront in Somerset; Built in 1920 and delivered vacant for immediate owner‑occupant or investor flexibility; Two generous units plus a finished attic and a partially finished basement for added living space options
