Duplex with Finished
For Sale
$624,999
Pending
31 East Walnut Street, Taunton, MA 02780
Two-family property with flexible living space, updated hot water systems, and off-street parking.
Property Size2,256 SF
Days on Market96
Property Features for 31 East Walnut Street
General Information
Standard status
Pending
Size
2,256 SF
Total Parking Spaces
6
Property subtype
Multi Family Home
Zoning
URBRES
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,716
Building Details
Building Size
2,256 SF
Year Built
1900
Buildings
1
Stories
3
Units
2
Listing Agency:
Citylight Homes LLC
(617) 999-3324
Listed By:
Marc Joseph
(617) 999-3324
Source:
Housatonicrealestate
Added: May 28
Changed: Aug 29
Last Checked: Jun 1 at 2:03PM
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 Citylight Homes LLC
Investment Insights
Based on property information with market context.
This two-family property provides 2,256 square feet of living space with 7 bedrooms and 3 full baths. The layouts are described as spacious and functional, with natural light throughout. A finished attic adds a kitchen, full bath, and bedroom, creating additional flexibility within the property. The hot water tanks were replaced in 2023 for the first floor and 2025 for the second floor.
Six off-street parking spaces support the property’s residential configuration. The home is located near shopping, restaurants, schools, and major routes, with URBRES zoning and a 1900 construction date.
Six off-street parking spaces support the property’s residential configuration. The home is located near shopping, restaurants, schools, and major routes, with URBRES zoning and a 1900 construction date.
Key Highlights
- 2,256 SF duplex with 7 bedrooms and 3 full baths
- Finished attic includes a kitchen, full bath, and bedroom
- Hot water tank replaced in 2023 for the first floor
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
$40,317
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
6.45%
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%
$806,340
$806.3K
Cap Rate 7%
$575,957
$576.0K
Cap Rate 9%
$447,967
$448.0K
Market Conditions
NOI Build-Up for 2,256 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
$62.3K $27.60/SF
− Vacancy
−$4.7K −$2.07/SF
EGI
$57.6K $25.53/SF
− OpEx
−$17.3K −$7.66/SF
NOI
$40.3K $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 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%
$806,340
Cap Rate 7%
$575,957
Cap Rate 9%
$447,967
Alternative Uses
Best Use
Multifamily LT 5
$576.0K
$504.0K – $672.0K
NOI $40,317 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$535.3K
$468.4K – $624.5K
NOI $37,468 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,171 @ 7.0% cap · market cap 15.39%
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
1,229
Businesses Nearby
Explore this area
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
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-family property with flexible living space, updated hot water systems, and off-street parking.
Where is this duplex located?
The property is located at 31 East Walnut Street Taunton, MA.
What is the asking price?
The asking price for this property is $624,999.
What are key features of this property?
This property features: 2,256 SF duplex with 7 bedrooms and 3 full baths; Finished attic includes a kitchen, full bath, and bedroom; Hot water tank replaced in 2023 for the first floor
