Duplex Property with
New
For Sale
$349,999
238 Maquan Street, Hanson, MA 02341
Two separate dwellings offer a renovation-focused residential configuration on a half-acre parcel.
Property Size1,664 SF
Lot Size0.50 Acres
Price / SF$210.34
Days on Market3
Property Features for 238 Maquan Street
General Information
Standard status
Active
Size
1,664 SF
Lot size
0.50 Acres
Property subtype
Multi-family
Lease Term
[]
Property Condition
Severity
Repairs Needed
Evidence
Both structures require renovation and updating.
Units
Unit Mix
1 x 4BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1820
Buildings
2
Construction
Gambrel Cape
Listing Agency:
Coldwell Banker Realty - Easton
Listed By:
Catherine Walsh · License #9580272
(508) 328-6563
Source:
Oldeforgerealty
Added: Aug 31
Changed: Sep 1
Last Checked: Sep 1 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 Coldwell Banker Realty - Easton
Investment Insights
Based on property information with market context.
This duplex property includes a Gambrel Cape residence and a separate cottage on a half-acre parcel in Hanson. The main dwelling contains approximately 1,664 square feet with four bedrooms and one bathroom, while the cottage provides approximately 372 square feet with one bedroom and one bathroom. Both structures require renovation and updating, and the property is being offered as-is. Conventional financing may not be available. Built in 1820, the property presents two distinct residential structures within one ownership configuration.
Key Highlights
- Two separate dwellings on a half‑acre parcel
- Main Gambrel Cape offers approximately 1,664 sq. ft., 4 bedrooms, and 1 bath
- Separate cottage provides approximately 372 sq. ft., 1 bedroom, and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,122
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$562,440
$562.4K
Cap Rate 7%
$401,743
$401.7K
Cap Rate 9%
$312,467
$312.5K
Market Conditions
NOI Build-Up for 1,664 SF
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.
Gross rent
$42.4K $25.50/SF
− Vacancy
−$2.3K −$1.36/SF
EGI
$40.2K $24.14/SF
− OpEx
−$12.1K −$7.24/SF
NOI
$28.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$562,440
Cap Rate 7%
$401,743
Cap Rate 9%
$312,467
Alternative Uses
Best Use
Multifamily LT 5
$401.7K
$351.5K – $468.7K
NOI $28,122 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$370.3K
$324.0K – $432.0K
NOI $25,918 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$985.1K
$862.0K – $1.15M
NOI $68,956 @ 7.0% cap · market cap 19.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Explore this area
Business Placement
Demographics for 02341, MA
10,367
Population
4,014
Households
2.6
Avg Household Size
45
Median Age
39%
College-Educated
93%
High-School Grad
14.9 sq mi
ZIP Area
696
Density / Sq Mi
$112,457
Median Household Income
$59,200
Median Earnings
$1,912
Median Rent
$498,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate dwellings offer a renovation-focused residential configuration on a half-acre parcel.
Where is this duplex located?
The property is located at 238 Maquan Street Hanson, MA.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: Two separate dwellings on a half‑acre parcel; Main Gambrel Cape offers approximately 1,664 sq. ft., 4 bedrooms, and 1 bath; Separate cottage provides approximately 372 sq. ft., 1 bedroom, and 1 bath
