Two-Unit Duplex with Bonus
229 Main St, Kingston, MA 02364
For Sale
New
$779,900
Separate entrances and utilities support flexible occupancy across two distinct residences.
Property Size1,900 SF
Price / SF$295.42
Days on Market4
Property Features for 229 Main St
General Information
Standard status
Size
Property subtype
Lease Term
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
wraparound porch
coin-operated laundry
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Coldwell Banker Realty - Plymouth
(508) 746-0051
Listed By:
Kathleen Schelleng · License MA #455021584
(774) 454-0358
Source:
Iverty
Added: Nov 12
Changed: Nov 14
Last Checked: Nov 14 at 2:08PM
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 Coldwell Banker Realty - Plymouth
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Investment Insights
Based on property information with market context.
This 2,640-square-foot duplex, built in 1900, contains two residences with private entrances and separate utilities. The first-floor unit has one bedroom, one full bath, a kitchen, living room, and dining room. Upstairs, the two-bedroom unit includes a spacious kitchen, living and dining areas, 1.5 baths, and a spiral staircase to an additional office or bonus area. Both apartments feature hardwood floors, and each has basement access with storage and coin-operated laundry.
The exterior includes a wraparound porch and a private rear lot with off-street parking. A new septic system is planned for installation before closing. The property is at 229 Main St in Kingston, Massachusetts.
The exterior includes a wraparound porch and a private rear lot with off-street parking. A new septic system is planned for installation before closing. The property is at 229 Main St in Kingston, Massachusetts.
Key Highlights
- 2,640 square feet of living space
- Two units, each with a private entrance and separate utilities
- First‑floor apartment has 1 bedroom and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,617
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$892,340
$892.3K
Cap Rate 7%
$637,386
$637.4K
Cap Rate 9%
$495,744
$495.7K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$67.3K $25.50/SF
− Vacancy
−$3.6K −$1.36/SF
EGI
$63.7K $24.14/SF
− OpEx
−$19.1K −$7.24/SF
NOI
$44.6K $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%
$892,340
Cap Rate 7%
$637,386
Cap Rate 9%
$495,744
Alternative Uses
Best Use
Multifamily LT 5
$637.4K
$557.7K – $743.6K
NOI $44,617 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$587.4K
$514.0K – $685.4K
NOI $41,121 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,401 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
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Business Placement
Demographics for 02364, MA
13,708
Population
5,658
Households
2.4
Avg Household Size
43
Median Age
49%
College-Educated
99%
High-School Grad
18.6 sq mi
ZIP Area
737
Density / Sq Mi
$115,863
Median Household Income
$59,955
Median Earnings
$1,157
Median Rent
$562,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Plymouth County, MA
Properties on Market for Duplexes in Plymouth County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances and utilities support flexible occupancy across two distinct residences.
Where is this duplex located?
The property is located at 229 Main St Kingston, MA.
What is the asking price?
The asking price for this property is $779,900.
What are key features of this property?
This property features: 2,640 square feet of living space; Two units, each with a private entrance and separate utilities; First‑floor apartment has 1 bedroom and 1 full bath
