Duplex with Three-Bay
For Sale
$774,900
319 Central Ave, Seekonk, MA 02771
Two residential units provide flexible bedroom and bathroom layouts with additional finished basement space.
Property Size4,000 SF
Price / SF$193.73
Days on Market167
Property Features for 319 Central Ave
General Information
Standard status
Active
Size
4,000 SF
Total Parking Spaces
9
Property subtype
Multi-Family
Zoning
RES
Net Operating Income
$28,800
Taxes and HOA fees
Annual Taxes
$7,349
Building Details
Building Size
4,000 SF
Year Built
1911
Stories
6
Listing Agency:
Keller Williams Elite
(508) 695-4545
Listed By:
Kurt Franklin
(508) 446-0275
Source:
Churchillprop
Added: Apr 22
Changed: Oct 1
Last Checked: Oct 4 at 8:17AM
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 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.
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
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
NOI $71,484 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$949.0K
$830.4K – $1.11M
NOI $66,433 @ 7.0% cap · market cap 8.57%
Theoretical Best
Office A
$2.44M
$2.13M – $2.84M
NOI $170,515 @ 7.0% cap · market cap 22.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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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
