Building Details

Building Size 4,000 SF

Year Built 1911

Stories 6

Listing Agency: Keller Williams Elite Show Phone

Listed By: Kurt Franklin Show Phone

Source: Churchillprop

Added: Apr 22 Changed: Oct 6 Last Checked: Oct 16 at 6:16AM

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Investment Insights

Based on property information with market context.

This duplex, built in 1911, contains two residential units with distinct layouts: one offers 3 bedrooms and 2 bathrooms, while the other includes 3 bedrooms and 1 bathroom. The property measures 4,000 SF and includes replacement windows, 9-foot ceilings, a sprinkler system, and substantial natural light. A brick driveway leads to a 3-bay garage.

The recently refinished basement expands the usable space with a full bathroom, exterior access, storage, tile and carpet flooring, and exposed brick details. The property is positioned just off Rt 152 in North Seekonk near shopping and other area conveniences.

Key Highlights

• Two‑unit duplex with 3 bedrooms and 2 bathrooms in one unit and 3 bedrooms and 1 bathroom in the other
• 4,000 SF property built in 1911
• 3‑bay garage with brick driveway

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$66,433

Cap Rate

8.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,328,660 $1.3M

Cap Rate 7%

$949,043 $949.0K

Cap Rate 9%

$738,144 $738.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$129.6K $32.40/SF

− Vacancy

−$8.8K −$2.20/SF

EGI

$120.8K $30.20/SF

− OpEx

−$54.4K −$13.59/SF

NOI

$66.4K $16.61/SF

Area

Bristol County, MA

Vacancy

6.80%

Lease Rate

$32.40 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,328,660

Cap Rate 7%

$949,043

Cap Rate 9%

$738,144

Alternative Uses

Best Use

Multifamily LT 5

$1.02M

$893.6K – $1.19M (±1% cap)

NOI $71,484 @ 7.0% cap · market cap 9.22%

Second Best

Apartment 5plus

$949.0K

$830.4K – $1.11M (±1% cap)

NOI $66,433 @ 7.0% cap · market cap 8.57%

Theoretical Best

Office A

$2.44M

$2.13M – $2.84M (±1% cap)

NOI $170,515 @ 7.0% cap · market cap 22.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Hair Salon Parking Lot & Garage Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two residential units provide flexible bedroom and bathroom layouts with additional finished basement space.

Where is this duplex located?

The property is located at 319 Central Ave Seekonk, MA.

What is the asking price?

The asking price for this property is $774,900.

What are key features of this property?

This property features: Two‑unit duplex with 3 bedrooms and 2 bathrooms in one unit and 3 bedrooms and 1 bathroom in the other; 4,000 SF property built in 1911; 3‑bay garage with brick driveway