Building Details

Building Size 3,324 SF

Year Built 1900

Listing Agency: Stony Brook & Lennox Realty Advisors

Listed By: Markese Daise · License #9574297 Show Phone

Source: Classifiedrealtygroup

Added: Oct 16 Last Checked: Oct 16 at 2:04PM

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Investment Insights

Based on property information with market context.

This two-family property contains a 3-bedroom, 1-bathroom residence and a townhouse-style home with 5 bedrooms and 1 bathroom across three levels. Both units have hardwood floors, updated kitchens and bathrooms, and freshly painted interiors. Separate heating systems serve the residences, with garage parking, space for approximately 10 vehicles off street, yard area, and additional storage. The property was built in 1900.

Located at 239 Howard St in Rockland, the property is near golf courses, shopping, dining, and major highways. The remarks also identify proximity to Norwell, Hanover, and Hingham.

Key Highlights

• Two residences: one with 3 bedrooms and 1 bathroom, the other with 5 bedrooms and 1 bathroom
• Townhouse‑style residence spans three levels
• Separate heating systems for the two residences

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$56,177

Cap Rate

6.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,123,540 $1.1M

Cap Rate 7%

$802,529 $802.5K

Cap Rate 9%

$624,189 $624.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,324 SF

Gross rent

$84.8K $25.50/SF

− Vacancy

−$4.5K −$1.36/SF

EGI

$80.3K $24.14/SF

− OpEx

−$24.1K −$7.24/SF

NOI

$56.2K $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 Rate 5%

$1,123,540

Cap Rate 7%

$802,529

Cap Rate 9%

$624,189

Alternative Uses

Best Use

Multifamily LT 5

$802.5K

$702.2K – $936.3K (±1% cap)

NOI $56,177 @ 7.0% cap · market cap 6.46%

Second Best

Apartment 5plus

$739.6K

$647.2K – $862.9K (±1% cap)

NOI $51,775 @ 7.0% cap · market cap 5.96%

Theoretical Best

Office A

$1.97M

$1.72M – $2.30M (±1% cap)

NOI $137,746 @ 7.0% cap · market cap 15.85%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Accounting Firm (Bike/Boat/Book/etc) Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

665

Businesses Nearby

Explore this area Business Placement

Demographics for 02370, MA

17,803

Population

7,046

Households

2.5

Avg Household Size

43

Median Age

34%

College-Educated

96%

High-School Grad

10.0 sq mi

ZIP Area

1,780

Density / Sq Mi

$101,475

Median Household Income

$59,489

Median Earnings

$1,497

Median Rent

$452,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two residences offer separate heating systems, garage parking, and off-street parking.

Where is this duplex located?

The property is located at 239 Howard St Rockland, MA.

What is the asking price?

The asking price for this property is $869,000.

What are key features of this property?

This property features: Two residences: one with 3 bedrooms and 1 bathroom, the other with 5 bedrooms and 1 bathroom; Townhouse‑style residence spans three levels; Separate heating systems for the two residences