Three-Unit Multifamily Property

23 Vernon Street Taunton, MA 02780

Claim this Listing
New
For Sale
$699,000

MULTI_FAMILY - Taunton, MA

Property size:
2,569 SF
Lot size:
0.24 Acres
Price / SF:
$272/SF
Added:
Jul 10, 2026
Days on Market:
2
Last Refresh:
Jul 11 at 4:06 am

Property Features for 23 Vernon Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
URBRES
Bedrooms
5
Bathrooms
3
Rooms
Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
Parking
4
Standard status
Active
APN
2979214
Size
2,569 SF
Lot size
0.24 Acres

Taxes and HOA fees

Tax Year
2026
Tax Annual Amount
6011

Building Details

Year built
1890
Floors in Building
3
Number of units
3

Listing agent Steve Zeboski

Listing office Keller Williams Realty 29 Commercial Street, Braintree, MA

Listing date Jul 10, 2026

MLS# 73548164 Listing URL

Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This is a true three-family multifamily property offering separate utilities and spacious units. The property is being sold strictly AS IS, with the seller making no repairs or improvements; buyers are encouraged to conduct all inspections for informational purposes.

The home sits on a corner lot in Taunton, Massachusetts. Public remarks note that the current rents are below market value and that the location is convenient to shopping, schools, restaurants, and major commuter routes.

The property is zoned URBRES. The lot size is listed as 0.24 acres, and the total property size is listed as 2,569 square feet.

Key Highlights

  • Built in 1890
  • 3‑family property on a quiet corner lot
  • Separate utilities for the units

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 $70.9k $27.60
− Vacancy −$5.3k −$2.07
EGI $65.6k $25.53
− OpEx −$19.7k −$7.66
NOI $45.9k $17.87
2,569 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$655.9K
$573.9K – $765.2K (±1% cap)
NOI $45,911 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$609.5K
$533.3K – $711.1K (±1% cap)
NOI $42,667 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$1.56M
$1.37M – $1.83M (±1% cap)
NOI $109,513 @ 7.0% cap · market cap 15.67%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

(Bike/Boat/Book/etc) Store Garden Center Big Box & Wholesale Store Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Gym & Fitness Center Acupuncture Home Appliance Store Plumbing Service Bakery

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - True three-family home on a corner lot with separate utilities, 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 $699,000.
What are key features of this property?
This property features: Built in 1890; 3‑family property on a quiet corner lot; Separate utilities for the units
Contact an agent
More about this property
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