Three-Unit Residential Income
23 Vernon Street Taunton, MA 02780
23 Vernon Street, Taunton, MA, 02780
$699,000
For Sale
$699,000
Three-family income property on a corner lot with separate utilities and spacious units, sold strictly AS IS.
Property Size2,569 SF
Price / SF$272.09
Days on Market12
Property Features for 23 Vernon Street
General Information
- Standard status
- Active
- Size
- 2,569 SF
- Property subtype
- 3 Family
Building Details
- Year Built
- 1890
Listing agency
Keller Williams Realty
(781) 843-3200
Listed by
Jordan Healy
(413) 717-0635
Source
Lockandkeyre
Added: Jul 10 Updated: Jul 20 at 7:14PM Checked: Jul 21 at 3:13AM
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 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
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
NOI $45,911 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$609.5K
$533.3K – $711.1K
NOI $42,667 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$1.56M
$1.37M – $1.83M
NOI $109,513 @ 7.0% cap · market cap 15.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
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 $699,000.
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
