Updated Duplex with New
248 Somerset Ave, Taunton, MA 02780
For Sale
New
$559,000
Gas heat, separate electric service, and off-street parking serve the two-unit property.
Property Size1,354 SF
Price / SF$412.85
Days on Market6
Property Features for 248 Somerset Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Gross Income
Public Transit
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
deck
washer/dryer hookup
Storage
Pantry
Stone/Granite/Solid Counters
Upgraded Cabinets
Bathroom With Tub & Shower
Ceiling Fan(s)
Cathedral/Vaulted Ceilings
Kitchen
Living RM/Dining RM Combo
Living Room
Balcony/Deck
Rain Gutters
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Lomba Realty Group, Inc.
(617) 981-2149
Listed By:
Kobe Lomba
(774) 260-0865
Source:
Bostoniaproperties
Added: Nov 4
Changed: Nov 7
Last Checked: Nov 8 at 5:56PM
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 Lomba Realty Group, Inc.
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Investment Insights
Based on property information with market context.
Built in 1890, this duplex contains 1,354 square feet with a combined five-bedroom, two-bathroom layout. The property has gas heat, separate electric service, a heating system installed in 2022, and a deck added in 2024. Basement features include a washer and dryer hookup and ceilings measuring 9 feet. Off-street parking accommodates four vehicles.
The property is across from Memorial Park, with shopping, transit, and commuter routes described as minutes away.
The property is across from Memorial Park, with shopping, transit, and commuter routes described as minutes away.
Key Highlights
- Two‑unit property with 5 bedrooms and 2 bathrooms across 1,354 square feet
- Heating system installed in 2022; deck added in 2024
- 9‑foot basement ceilings with washer and dryer hookup
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,197
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,940
$483.9K
Cap Rate 7%
$345,671
$345.7K
Cap Rate 9%
$268,856
$268.9K
Market Conditions
NOI Build-Up for 1,354 SF
Gross rent
$37.4K $27.60/SF
− Vacancy
−$2.8K −$2.07/SF
EGI
$34.6K $25.53/SF
− OpEx
−$10.4K −$7.66/SF
NOI
$24.2K $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%
$483,940
Cap Rate 7%
$345,671
Cap Rate 9%
$268,856
Alternative Uses
Best Use
Multifamily LT 5
$345.7K
$302.5K – $403.3K
NOI $24,197 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$321.3K
$281.1K – $374.8K
NOI $22,488 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$824.6K
$721.5K – $962.0K
NOI $57,719 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
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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
$377,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Taunton, MA
Properties on Market for Duplexes in Taunton
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Gas heat, separate electric service, and off-street parking serve the two-unit property.
Where is this duplex located?
The property is located at 248 Somerset Ave Taunton, MA.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: Two‑unit property with 5 bedrooms and 2 bathrooms across 1,354 square feet; Heating system installed in 2022; deck added in 2024; 9‑foot basement ceilings with washer and dryer hookup
