Meticulous Two-Unit
For Sale
$829,900
319 Central Ave, Seekonk, MA 02771
Two-unit property with quality details, refinished basement, and convenient location.
Property Size4,000 SF
Days on Market125
Property Features for 319 Central Ave
General Information
Standard status
Active
Size
4,000 SF
Total Parking Spaces
9
Property subtype
Multi Family Home
Zoning
RES
Taxes and HOA fees
Annual Taxes
$7,349
Building Details
Building Size
4,000 SF
Year Built
1911
Stories
3
Units
2
Listing Agency:
Keller Williams Elite
(508) 446-0275
Listed By:
Kurt Franklin
(508) 446-0275
Source:
Aucoinryanrealty
Added: Apr 22
Changed: Aug 23
Last Checked: Aug 23 at 4:57AM
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 Elite
Investment Insights
Based on property information with market context.
This meticulous two-unit property offers exceptional space and versatility. Each unit features 3 bedrooms and 2 bathrooms, and there is also a 3 bedroom 1 bathroom unit. The home is set on a generous lot with a brick driveway and showcases quality details throughout, including replacement windows, 9-foot ceilings, a sprinkler system, and abundant natural light. A 3-bay garage adds convenience. The recently refinished basement offers additional living space complete with a full bath, exterior access, storage, tile and carpet flooring, and exposed brick accents. The property is located just off Rt 152 in North Seekonk on the Rhode Island side, near shopping and more. The bike score is 46, indicating it is somewhat bikeable, the walk score is 41, indicating it is car-dependent, and the transit score is 19, indicating minimal transit.
Key Highlights
- Two units: One with 3 bedrooms and 2 bathrooms, and another with 3 bedrooms and 1 bathroom.
- Refinished basement with full bath, exterior access, storage, tile and carpet flooring, and exposed brick accents.
- 3‑bay garage.
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
$71,484
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
8.61%
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%
$1,429,680
$1.4M
Cap Rate 7%
$1,021,200
$1.0M
Cap Rate 9%
$794,267
$794.3K
Market Conditions
NOI Build-Up for 4,000 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
$110.4K $27.60/SF
− Vacancy
−$8.3K −$2.07/SF
EGI
$102.1K $25.53/SF
− OpEx
−$30.6K −$7.66/SF
NOI
$71.5K $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%
$1,429,680
Cap Rate 7%
$1,021,200
Cap Rate 9%
$794,267
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$893.6K – $1.19M
NOI $71,484 @ 7.0% cap · market cap 8.61%
Second Best
Apartment 5plus
$949.0K
$830.4K – $1.11M
NOI $66,433 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$2.44M
$2.13M – $2.84M
NOI $170,515 @ 7.0% cap · market cap 20.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Explore this area
Business Placement
Demographics for 02771, MA
15,512
Population
6,324
Households
2.5
Avg Household Size
45
Median Age
43%
College-Educated
92%
High-School Grad
18.4 sq mi
ZIP Area
843
Density / Sq Mi
$116,310
Median Household Income
$59,600
Median Earnings
$1,808
Median Rent
$461,600
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?
Triplex - Two-unit property with quality details, refinished basement, and convenient location.
Where is this triplex located?
The property is located at 319 Central Ave Seekonk, MA.
What is the asking price?
The asking price for this property is $829,900.
What are key features of this property?
This property features: Two units: One with 3 bedrooms and 2 bathrooms, and another with 3 bedrooms and 1 bathroom.; Refinished basement with full bath, exterior access, storage, tile and carpet flooring, and exposed brick accents.; 3‑bay garage.
