Triplex with Two-Level
22 Fargo Road, Holbrook, MA 02343
For Sale
New
$799,000
Three separate units have individual utility meters, with a two-car garage and parking for 10+ vehicles.
Property Size1,980 SF
Lot Size2.00 Acres
Price / SF$226.03
Days on Market3
Property Features for 22 Fargo Road
General Information
Standard status
Size
Lot size
Property subtype
Lease Term
Site & Location
Road Access
Utilities to Site
Units
Multifamily Units
Individually Metered Utilities
Building Details
Building Size
Year Built
Listing Agency:
William Raveis R.E. & Home Services
(781) 837-5600
Listed By:
Kristin Haddigan · License MA #455012926
(781) 910-2962
Source:
Iverty
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:16PM
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 William Raveis R.E. & Home Services
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Investment Insights
Based on property information with market context.
This 3,535-square-foot triplex contains three distinct residences with a total of 5 bedrooms and 4 full baths. The upper-level unit has 3 bedrooms, hardwood floors, ample closets, and a rear deck. A lower-level apartment includes one bedroom, a kitchen, and a living room. The third residence spans two levels, with a bedroom, bath, living room, and kitchen-dining area above a finished bonus area with a full bath and exterior access. The property also has vinyl siding, a newer roof, well water, oil heat, a shed, and separate utility metering.
Set on 2 acres in Holbrook, the property includes a two-car garage and parking for 10+ vehicles. Shopping, restaurants, and hospital services are a short drive away. Any potential for an accessory dwelling unit is subject to town approvals and permitting.
Set on 2 acres in Holbrook, the property includes a two-car garage and parking for 10+ vehicles. Shopping, restaurants, and hospital services are a short drive away. Any potential for an accessory dwelling unit is subject to town approvals and permitting.
Key Highlights
- Three distinct residences with 5 bedrooms and 4 full baths across 3,535 square feet
- 2‑acre parcel in Holbrook
- Third residence spans two levels and includes a lower‑level bonus area with full bath and exterior access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,324
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,266,480
$1.3M
Cap Rate 7%
$904,629
$904.6K
Cap Rate 9%
$703,600
$703.6K
Market Conditions
NOI Build-Up for 3,535 SF
Gross rent
$95.4K $27.00/SF
− Vacancy
−$5.0K −$1.41/SF
EGI
$90.5K $25.59/SF
− OpEx
−$27.1K −$7.68/SF
NOI
$63.3K $17.91/SF
Area
Norfolk County, MA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,266,480
Cap Rate 7%
$904,629
Cap Rate 9%
$703,600
Alternative Uses
Best Use
Multifamily LT 5
$904.6K
$791.6K – $1.06M
NOI $63,324 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$834.7K
$730.3K – $973.8K
NOI $58,427 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,489 @ 7.0% cap · market cap 18.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
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Business Placement
Demographics for 02343, MA
11,364
Population
4,268
Households
2.7
Avg Household Size
42
Median Age
37%
College-Educated
94%
High-School Grad
7.0 sq mi
ZIP Area
1,623
Density / Sq Mi
$107,198
Median Household Income
$56,269
Median Earnings
$1,522
Median Rent
$435,300
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Norfolk County, MA
Properties on Market for Triplexes in Norfolk County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate units have individual utility meters, with a two-car garage and parking for 10+ vehicles.
Where is this triplex located?
The property is located at 22 Fargo Road Holbrook, MA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Three distinct residences with 5 bedrooms and 4 full baths across 3,535 square feet; 2‑acre parcel in Holbrook; Third residence spans two levels and includes a lower‑level bonus area with full bath and exterior access
