Updated Two-Family
For Sale
$675,000
22 Goodwin St, Bridgewater, MA 02324
Each residence has its own washer and dryer, with separate electrical service and several recent property upgrades.
Property Size2,580 SF
Price / SF$261.63
Days on Market8
Property Features for 22 Goodwin St
General Information
Standard status
Active
Size
2,580 SF
Property subtype
2 Family - 2 Units Up/Down
Taxes and HOA fees
Annual Taxes
$7,030
Building Details
Building Size
2,580 SF
Year Built
1910
Listing Agency:
RE/MAX Real Estate Center
Listed By:
Campos Homes
(508) 543-3922
Source:
Paulgrover
Added: Sep 28
Changed: Oct 5
Last Checked: Oct 4 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 RE/MAX Real Estate Center
Investment Insights
Based on property information with market context.
This 2,580-square-foot duplex contains two residences and was built in 1910. Interior work includes fresh paint and new carpeting. Each unit has its own washer and dryer, and the property has separate electrical service and a high-efficiency Buderus gas boiler.
Recent improvements include a 2019 roof, a basement French drain and sump pump system installed in 2022, and first-floor appliances from 2021. The second-floor unit has a newer range and refrigerator from 2025. The property sits on a dead-end street near Bridgewater State University, downtown Bridgewater, commuter rail, shopping, dining, and major routes.
Recent improvements include a 2019 roof, a basement French drain and sump pump system installed in 2022, and first-floor appliances from 2021. The second-floor unit has a newer range and refrigerator from 2025. The property sits on a dead-end street near Bridgewater State University, downtown Bridgewater, commuter rail, shopping, dining, and major routes.
Key Highlights
- Two‑family duplex with 2,580 square feet
- Built in 1910 on a dead‑end street
- Separate electrical service and a high‑efficiency Buderus gas boiler
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,603
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$872,060
$872.1K
Cap Rate 7%
$622,900
$622.9K
Cap Rate 9%
$484,478
$484.5K
Market Conditions
NOI Build-Up for 2,580 SF
Gross rent
$65.8K $25.50/SF
− Vacancy
−$3.5K −$1.36/SF
EGI
$62.3K $24.14/SF
− OpEx
−$18.7K −$7.24/SF
NOI
$43.6K $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%
$872,060
Cap Rate 7%
$622,900
Cap Rate 9%
$484,478
Alternative Uses
Best Use
Multifamily LT 5
$622.9K
$545.0K – $726.7K
NOI $43,603 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$574.1K
$502.3K – $669.8K
NOI $40,186 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,915 @ 7.0% cap · market cap 15.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
Explore this area
Business Placement
Demographics for 02324, MA
25,676
Population
9,770
Households
2.6
Avg Household Size
42
Median Age
40%
College-Educated
94%
High-School Grad
27.0 sq mi
ZIP Area
951
Density / Sq Mi
$112,445
Median Household Income
$57,560
Median Earnings
$1,975
Median Rent
$500,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own washer and dryer, with separate electrical service and several recent property upgrades.
Where is this duplex located?
The property is located at 22 Goodwin St Bridgewater, MA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two‑family duplex with 2,580 square feet; Built in 1910 on a dead‑end street; Separate electrical service and a high‑efficiency Buderus gas boiler
