Two-Family Residential Income
31-33 Fountain Street Braintree, MA 02184
31-33 Fountain Street, Braintree, MA, 02184
$675,000
Pending
For Sale
$675,000
Pending
Two-unit home offers separate utilities, updated baths, and enclosed porches with additional attic and basement storage.
Property Size2,128 SF
Days on Market56
Property Features for 31-33 Fountain Street
General Information
- Standard status
- Pending
- Size
- 2,128 SF
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1928
Listing agency
Keller Williams Realty Signature Properties
(781) 635-0289
Listed by
David Mitchell
(781) 635-0289
Source
Lockandkeyre
Added: May 27 Updated: Jul 10 at 1:49PM Checked: Jul 16 at 6:28AM
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 Signature Properties
Investment Insights
Based on property information with market context.
This two-family residence is configured as two separate three-bedroom units. The first-floor unit features hardwood floors throughout and a large eat-in kitchen with newer cabinets and included appliances. Both units have bathrooms that have recently been updated with new showers, vanities, and tilework. The upstairs kitchen is described as functional, though it may need some updating. Each unit has its own enclosed porch. The first-floor unit also provides access to a rear deck, and both units have access to a large walk-out basement offering substantial storage, along with a washer/dryer for tenant use. There is also access to a walk-up attic, which may offer the option for future expansion. The property is served by 200 amp service for each unit, with gas and electric separately metered.
The property is located at 31-33 Fountain Street in Braintree, with convenience cited to nearby highway access, MBTA Red Line service, and shopping and dining.
With separate metering, enclosed porches, and multiple storage areas, this home can work well for an owner-occupant seeking rental support or an investor looking for a manageable two-family setup.
The property is located at 31-33 Fountain Street in Braintree, with convenience cited to nearby highway access, MBTA Red Line service, and shopping and dining.
With separate metering, enclosed porches, and multiple storage areas, this home can work well for an owner-occupant seeking rental support or an investor looking for a manageable two-family setup.
Key Highlights
- 1928 built two‑family home in Braintree with 3 bedrooms per unit
- Both bathrooms updated with new showers, vanities, and tilework
- First‑floor unit features hardwood floors and a large eat‑in kitchen with newer cabinets and appliances
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 | $57.5k | $27.00 |
| − Vacancy | −$3.0k | −$1.41 |
| EGI | $54.5k | $25.59 |
| − OpEx | −$16.3k | −$7.68 |
| NOI | $38.1k | $17.91 |
2,128 SF · lease $27.00/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$544.6K
$476.5K – $635.3K
NOI $38,120 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$502.5K
$439.7K – $586.2K
NOI $35,172 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,184 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit home offers separate utilities, updated baths, and enclosed porches with additional attic and basement storage.
Where is this duplex located?
The property is located at 31-33 Fountain Street Braintree, MA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1928 built two‑family home in Braintree with 3 bedrooms per unit; Both bathrooms updated with new showers, vanities, and tilework; First‑floor unit features hardwood floors and a large eat‑in kitchen with newer cabinets and appliances
