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Duplex with Third-Level Living Space
New
For Sale
$750,000

32 Carleton St, Whitman, MA 02382

Separate metering and laundry in each unit support independent residential use.

Property Size3,441 SF
Price / SF$217.96
Days on Market6

Property Features for 32 Carleton St

General Information

Standard status Active
Size 3,441 SF
Property subtype 2 Family - 2 Units Up/Down

Building Details

Building Size 3,441 SF
Year Built 1910
Listing Agency: Ryan Realty Group LLC
Listed By: Patrick Ryan · License #9564942
Source: Iverty
Added: Oct 5 Changed: Oct 7 Last Checked: Oct 9 at 10:23PM

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 Ryan Realty Group LLC

Investment Insights

Based on property information with market context.

Built in 1910, this 3,441-square-foot duplex includes bright living areas, hardwood flooring, detailed woodwork, and kitchens with generous windows. The finished third level adds a kitchen, bedroom, and full bath. Each unit has laundry and separate metering, and the property will convey vacant. Storage is available in the basement and a shed; outdoor features include a covered porch, upper deck, yard, and two driveways for off-street parking.

The property occupies approximately 0.28 acres near Whitman Center, with local shops, restaurants, Whitman Park, and commuter rail nearby.

Key Highlights

  • 3,441‑square‑foot duplex built in 1910
  • Finished third level with a kitchen, bedroom, and full bath
  • Each unit has laundry and separate metering

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$58,154
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,163,080 $1.2M
Cap Rate 7%
$830,771 $830.8K
Cap Rate 9%
$646,156 $646.2K
Market Conditions
NOI Build-Up for 3,441 SF
Gross rent
$87.7K $25.50/SF
− Vacancy
−$4.7K −$1.36/SF
EGI
$83.1K $24.14/SF
− OpEx
−$24.9K −$7.24/SF
NOI
$58.2K $16.90/SF
Area
Plymouth County, MA
Vacancy
5.32%
Lease Rate
$25.50 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,163,080
Cap Rate 7%
$830,771
Cap Rate 9%
$646,156

Alternative Uses

Best Use
Multifamily LT 5
$830.8K
$726.9K – $969.2K (±1% cap)
NOI $58,154 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$765.7K
$670.0K – $893.3K (±1% cap)
NOI $53,597 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M (±1% cap)
NOI $142,594 @ 7.0% cap · market cap 19.01%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Electrical Service Auto Parts Store 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

193
Businesses Nearby

Demographics for 02382, MA

15,121
Population
6,031
Households
2.5
Avg Household Size
41
Median Age
29%
College-Educated
95%
High-School Grad
6.9 sq mi
ZIP Area
2,191
Density / Sq Mi
$107,794
Median Household Income
$53,875
Median Earnings
$1,785
Median Rent
$456,400
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

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 - Separate metering and laundry in each unit support independent residential use.
Where is this duplex located?
The property is located at 32 Carleton St Whitman, MA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,441‑square‑foot duplex built in 1910; Finished third level with a kitchen, bedroom, and full bath; Each unit has laundry and separate metering
More about this property
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