Duplex with Three-Bay
For Sale
$774,900
319 Central Ave, Seekonk, MA 02771
Residential Income, Seekonk, MA
Property Size4,000 SF
Lot Size0.55 Acres
Price / SF$193.73
Days on Market146
Property Features for 319 Central Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RES
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 6
Parking
9
Fireplace
1
Directions
Central Ave Seekonk, driveway is on Willis.
Standard status
Active
APN
3265556
Size
4,000 SF
Lot size
0.55 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7349
Amenities
replacement windows
9-foot ceilings
exposed brick accents
Building Details
Year built
1911
Floors in Building
6
Number of units
2
Listing Agency:
Keller Williams Elite · Keller Williams Realty
(508) 695-4545
Added: Apr 22
Changed: Sep 12
Last Checked: Sep 14 at 9:06PM
MLS# 73505445
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-unit duplex at 319 Central Ave includes approximately 4,000 square feet on a 0.55-acre lot. The property provides six bedrooms and three bathrooms overall, along with a three-bay garage, brick driveway, replacement windows, 9-foot ceilings, and a sprinkler system. A fireplace and abundant natural light add further character to the residence.
The recently refinished basement expands the usable space with a full bathroom, exterior access, storage, tile and carpet flooring, and exposed brick details. Built in 1911 and zoned RES, the property is positioned just off Rt 152 in North Seekonk, near shopping and other services.
The recently refinished basement expands the usable space with a full bathroom, exterior access, storage, tile and carpet flooring, and exposed brick details. Built in 1911 and zoned RES, the property is positioned just off Rt 152 in North Seekonk, near shopping and other services.
Key Highlights
- Two‑unit duplex with approximately 4,000 square feet
- 0.55‑acre lot with brick driveway
- Six bedrooms and three bathrooms overall
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
$66,433
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
8.57%
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%
$1,328,660
$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
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
$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 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%
$1,328,660
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
Lease Details
2
Residential units
Yes
Sprinkler system
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with a refinished basement, exterior access, and brick driveway.
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 approximately 4,000 square feet; 0.55‑acre lot with brick driveway; Six bedrooms and three bathrooms overall
