Two-Family Residence with Private
229 Tremont St Taunton, MA 02780
229 Tremont St, Taunton, MA, 02780
$585,000
Pending
For Sale
$585,000
Pending
Updated two-unit home offers flexible living or strong rental income with fenced yard, oversized driveway, and shared laundry.
Property Size1,762 SF
Days on Market56
Property Features for 229 Tremont St
General Information
- Standard status
- Pending
- Size
- 1,762 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1900
Listing Agency
Keller Williams Realty
(781) 883-7980
Listed by
Depend on Dakota Team
(781) 883-7980
Source
Lockandkeyre
Added: May 27 Updated: Jul 10 at 1:47 pm Checked: Jul 19 at 4:29 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 Realty
Investment Insights
Based on property information with market context.
This two-family residence has seen a number of recent updates, including a new roof, driveway, and fencing. The home is configured for versatility, with Unit 1 featuring an updated kitchen, a large living room, and a mudroom off the driveway, currently laid out as a 1-bed, 1-bath. Unit 2 spans two floors, with the primary bedroom on the top level and the first level offering two additional bedrooms, along with a living room, kitchen, and bath.
Beyond the interiors, the property includes a basement that can support additional storage needs, as well as shared laundry. Outside, the oversized driveway and fully fenced yard add practical everyday value, and the property also offers a welcoming porch for outdoor enjoyment.
Well-suited for an owner-occupant seeking income to help offset housing costs, or for investors looking for a straightforward two-unit setup, this home’s combination of updated major components and tenant-friendly exterior space supports a comfortable, low-maintenance operation. The flexible unit layout across both floors gives buyers options to market and manage the residence with confidence.
Beyond the interiors, the property includes a basement that can support additional storage needs, as well as shared laundry. Outside, the oversized driveway and fully fenced yard add practical everyday value, and the property also offers a welcoming porch for outdoor enjoyment.
Well-suited for an owner-occupant seeking income to help offset housing costs, or for investors looking for a straightforward two-unit setup, this home’s combination of updated major components and tenant-friendly exterior space supports a comfortable, low-maintenance operation. The flexible unit layout across both floors gives buyers options to market and manage the residence with confidence.
Key Highlights
- Two‑family residence with 1,762 SF total living area, built in 1900
- Recent updates include a new roof, driveway, and fencing
- Unit 1 is now 1 bed / 1 bath with an updated kitchen, large living room, and mudroom off the driveway
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 | $48.6k | $27.60 |
| − Vacancy | −$3.6k | −$2.07 |
| EGI | $45.0k | $25.53 |
| − OpEx | −$13.5k | −$7.66 |
| NOI | $31.5k | $17.87 |
1,762 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$449.8K
$393.6K – $524.8K
NOI $31,489 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$418.1K
$365.8K – $487.7K
NOI $29,264 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$1.07M
$938.9K – $1.25M
NOI $75,112 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Updated two-unit home offers flexible living or strong rental income with fenced yard, oversized driveway, and shared laundry.
Where is this duplex located?
The property is located at 229 Tremont St Taunton, MA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Two‑family residence with 1,762 SF total living area, built in 1900; Recent updates include a new roof, driveway, and fencing; Unit 1 is now 1 bed / 1 bath with an updated kitchen, large living room, and mudroom off the driveway
