Duplex with River
26 Water Street, Freetown, MA 02702
For Sale
$674,900
A porch, deck, floored attic, and unfinished basement add useful space and outdoor options.
Property Size2,688 SF
Price / SF$251.08
Days on Market111
Property Features for 26 Water Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Property Condition
Severity
Evidence
Site & Location
Highway Access
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
No
Tile, Vinyl, Carpet
Range, Dishwasher, Microwave, Refrigerator
2.0
Washer & Dryer Hookup, Electric Dryer Hookup, Washer Hookup
Partial, Bulkhead, Unfinished Basement
Bathroom With Tub & Shower, Floored Attic, Storage, Living Room, Kitchen, Family Room, Laundry Room
2
2.00
Frame
Shingle
Level
Balcony/Deck, Rain Gutters, Porch, Deck - Wood, Covered Patio/Deck
Public, River, Walk to
Porch, Deck - Wood, Covered
Building Details
Year Built
Listing Agency:
Lands End Realty, Inc.
Listed By:
Jeffrey Begin · License #9584863
(508) 812-0210
Source:
Compass
Added: Jul 22
Changed: Nov 7
Last Checked: Nov 8 at 8:03AM
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 Lands End Realty, Inc.
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Investment Insights
Based on property information with market context.
This duplex in Freetown dates to 1900 and has frame construction with shingle exterior. Interior features include a living room, kitchen, family room, laundry room, floored attic, and unfinished basement. A porch, wood deck, covered patio or deck, and balcony provide several outdoor areas. The property is zoned VR.
The home faces Hathaway Park and a public boat ramp, with views of the Assonet River. The MBTA Commuter Rail is described as a five-minute trip away, and Routes 24, 140, and 195 provide highway connections. The property address is 26 Water Street, Freetown, Massachusetts.
The home faces Hathaway Park and a public boat ramp, with views of the Assonet River. The MBTA Commuter Rail is described as a five-minute trip away, and Routes 24, 140, and 195 provide highway connections. The property address is 26 Water Street, Freetown, Massachusetts.
Key Highlights
- River views with Hathaway Park and a public boat ramp across the street
- 1900 construction with frame structure and shingle exterior
- Porch, wood deck, covered patio or deck, and balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,037
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$960,740
$960.7K
Cap Rate 7%
$686,243
$686.2K
Cap Rate 9%
$533,744
$533.7K
Market Conditions
NOI Build-Up for 2,688 SF
Gross rent
$74.2K $27.60/SF
− Vacancy
−$5.6K −$2.07/SF
EGI
$68.6K $25.53/SF
− OpEx
−$20.6K −$7.66/SF
NOI
$48.0K $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%
$960,740
Cap Rate 7%
$686,243
Cap Rate 9%
$533,744
Alternative Uses
Best Use
Multifamily LT 5
$686.2K
$600.5K – $800.6K
NOI $48,037 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$637.8K
$558.0K – $744.1K
NOI $44,643 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,586 @ 7.0% cap · market cap 16.98%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
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Business Placement
Demographics for 02702, MA
4,267
Population
1,615
Households
2.6
Avg Household Size
44
Median Age
46%
College-Educated
95%
High-School Grad
16.8 sq mi
ZIP Area
254
Density / Sq Mi
$145,324
Median Household Income
$64,590
Median Earnings
$1,674
Median Rent
$479,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A porch, deck, floored attic, and unfinished basement add useful space and outdoor options.
Where is this duplex located?
The property is located at 26 Water Street Freetown, MA.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: River views with Hathaway Park and a public boat ramp across the street; 1900 construction with frame structure and shingle exterior; Porch, wood deck, covered patio or deck, and balcony
