Three-Unit Residential Income
For Sale
$599,000
Pending
23 Vernon Street, Taunton, MA 02780
Three-family income property on a corner lot with separate utilities and spacious units, sold strictly AS IS.
Property Size2,569 SF
Days on Market108
Property Features for 23 Vernon Street
General Information
Standard status
Pending
Size
2,569 SF
Property subtype
3 Family
Additional Details
Business Included
Yes
Multifamily Units
3
Building Details
Year Built
1890
Listing Agency:
Keller Williams Realty Boston Northwest
(617) 497-8900
Listed By:
Martha Dee Schindelwig
(508) 828-8115
Source:
Lockandkeyre
Added: Jul 10
Changed: Oct 25
Last Checked: Oct 24 at 6:40PM
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 Boston Northwest
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Investment Insights
Based on property information with market context.
This property is a true three-family residential income building offering separate utilities for each unit and spacious unit layouts. The property is being sold strictly AS IS, and the seller will make no repairs or improvements; buyers are encouraged to conduct all inspections for informational purposes.
Located on a quiet corner lot at 23 Vernon Street, Taunton, MA 02780, the property offers convenient proximity to shopping, schools, restaurants, and major commuter routes.
As a three-unit asset with separate utility setups, the building is well suited for investors or owner-occupants looking for an income-producing residential property with three distinct units under one roof.
Located on a quiet corner lot at 23 Vernon Street, Taunton, MA 02780, the property offers convenient proximity to shopping, schools, restaurants, and major commuter routes.
As a three-unit asset with separate utility setups, the building is well suited for investors or owner-occupants looking for an income-producing residential property with three distinct units under one roof.
Key Highlights
- True 3‑family income property on a quiet corner lot
- Separate utilities for the units
- Spacious units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,911
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$918,220
$918.2K
Cap Rate 7%
$655,871
$655.9K
Cap Rate 9%
$510,122
$510.1K
Market Conditions
NOI Build-Up for 2,569 SF
Gross rent
$70.9K $27.60/SF
− Vacancy
−$5.3K −$2.07/SF
EGI
$65.6K $25.53/SF
− OpEx
−$19.7K −$7.66/SF
NOI
$45.9K $17.87/SF
Area
Bristol County, MA
Vacancy
7.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$918,220
Cap Rate 7%
$655,871
Cap Rate 9%
$510,122
Alternative Uses
Best Use
Multifamily LT 5
$655.9K
$573.9K – $765.2K
NOI $45,911 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$609.5K
$533.3K – $711.1K
NOI $42,667 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$1.56M
$1.37M – $1.83M
NOI $109,513 @ 7.0% cap · market cap 18.28%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
Explore this area
Business Placement
Demographics for 02780, MA
52,299
Population
22,454
Households
2.3
Avg Household Size
41
Median Age
24%
College-Educated
85%
High-School Grad
33.1 sq mi
ZIP Area
1,580
Density / Sq Mi
$75,054
Median Household Income
$48,454
Median Earnings
$1,257
Median Rent
$377,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three-family income property on a corner lot with separate utilities and spacious units, sold strictly AS IS.
Where is this triplex located?
The property is located at 23 Vernon Street Taunton, MA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: True 3‑family income property on a quiet corner lot; Separate utilities for the units; Spacious units
