Two-Family
For Sale
$510,000
Pending
31 Godfrey, Taunton, MA 02780
Residential Income, Taunton, MA
Property Size2,371 SF
Lot Size0.22 Acres
Days on Market53
Property Features for 31 Godfrey
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RES
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 6, Bedroom 2
Directions
Somerset Avenue to Godfrey Street or Higland Street to Marvel to Godfrey.
Standard status
Pending
APN
2968060
Size
2,371 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5009
Building Details
Year built
1900
Floors in Building
3
Number of units
2
Listing Agency:
Keller Williams Elite · Keller Williams Realty
(508) 695-4545
Added: Jun 29
Changed: Aug 19
Last Checked: Aug 20 at 4:06PM
MLS# 73542944
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family duplex at 31 Godfrey offers 2,371 square feet of living area in a three-story layout. Built in 1900, the residence provides six bedrooms total and includes two bathrooms. The property sits on a 0.22-acre lot with outdoor space.
Mechanical updates include a replaced second-floor furnace in 2021 and a water heater replacement in 2020. Utilities are separate for each unit, and there is no owners meter.
Zoned RES, the property is positioned for buyers seeking a straightforward two-unit residential setup with defined unit separation for utilities and recent equipment replacements.
Mechanical updates include a replaced second-floor furnace in 2021 and a water heater replacement in 2020. Utilities are separate for each unit, and there is no owners meter.
Zoned RES, the property is positioned for buyers seeking a straightforward two-unit residential setup with defined unit separation for utilities and recent equipment replacements.
Key Highlights
- 2,371 SF living area in a three‑story two‑family duplex
- 0.22‑acre lot
- Built in 1900
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
$42,372
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
8.31%
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%
$847,440
$847.4K
Cap Rate 7%
$605,314
$605.3K
Cap Rate 9%
$470,800
$470.8K
Market Conditions
NOI Build-Up for 2,371 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
$65.4K $27.60/SF
− Vacancy
−$4.9K −$2.07/SF
EGI
$60.5K $25.53/SF
− OpEx
−$18.2K −$7.66/SF
NOI
$42.4K $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%
$847,440
Cap Rate 7%
$605,314
Cap Rate 9%
$470,800
Alternative Uses
Best Use
Multifamily LT 5
$605.3K
$529.7K – $706.2K
NOI $42,372 @ 7.0% cap · market cap 8.31%
Second Best
Apartment 5plus
$562.5K
$492.2K – $656.3K
NOI $39,378 @ 7.0% cap · market cap 7.72%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $101,073 @ 7.0% cap · market cap 19.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
255
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Three-story two-family duplex with six bedrooms, separate utilities, and updated furnace and water heater.
Where is this duplex located?
The property is located at 31 Godfrey Taunton, MA.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: 2,371 SF living area in a three‑story two‑family duplex; 0.22‑acre lot; Built in 1900
