Two-Unit Duplex with 2- and 3-Bedroom
New
For Sale
$599,000
33 Green St, Fairhaven, MA 02719
Two residential units include a two-bedroom first-floor apartment and a three-bedroom cottage-style second-floor residence.
Property Size1,997 SF
Days on Market2
Property Features for 33 Green St
General Information
Standard status
Active
Size
1,997 SF
Property subtype
Investment
Units
Unit Mix
2BR, 3BR
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,271
Building Details
Building Size
1,997 SF
Year Built
1900
Buildings
1
Stories
3
Units
2
Listed By:
Jacob Galary · License #451504082
(508) 889-1738
Source:
Elliman
Added: Sep 14
Last Checked: Sep 15 at 9:07AM
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 Jacob Galary
Investment Insights
Based on property information with market context.
Built in 1900, this duplex at 33 Green St in Fairhaven includes two separate residential units. The first-floor apartment has 2 bedrooms and will be delivered vacant at closing. Upstairs, a cottage-style unit offers 3 bedrooms, creating a flexible two-unit configuration for occupancy or rental use.
The property is situated in Fairhaven Village with access to the Fairhaven Bike Path, Fort Phoenix State Reservation, restaurants, shopping, and everyday amenities. Highway access supports travel throughout the South Coast. Walk Score is 48, Bike Score is 52, and Transit Score is 47.
The property is situated in Fairhaven Village with access to the Fairhaven Bike Path, Fort Phoenix State Reservation, restaurants, shopping, and everyday amenities. Highway access supports travel throughout the South Coast. Walk Score is 48, Bike Score is 52, and Transit Score is 47.
Key Highlights
- Two‑unit duplex with 2‑bedroom and 3‑bedroom residences
- First‑floor unit delivered vacant at closing
- Second‑floor residence features a cottage‑style layout
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
$35,688
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
5.96%
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%
$713,760
$713.8K
Cap Rate 7%
$509,829
$509.8K
Cap Rate 9%
$396,533
$396.5K
Market Conditions
NOI Build-Up for 1,997 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
$55.1K $27.60/SF
− Vacancy
−$4.1K −$2.07/SF
EGI
$51.0K $25.53/SF
− OpEx
−$15.3K −$7.66/SF
NOI
$35.7K $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%
$713,760
Cap Rate 7%
$509,829
Cap Rate 9%
$396,533
Alternative Uses
Best Use
Multifamily LT 5
$509.8K
$446.1K – $594.8K
NOI $35,688 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$473.8K
$414.6K – $552.8K
NOI $33,167 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,130 @ 7.0% cap · market cap 14.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
Explore this area
Business Placement
Demographics for 02719, MA
15,924
Population
7,777
Households
2
Avg Household Size
49
Median Age
30%
College-Educated
92%
High-School Grad
12.4 sq mi
ZIP Area
1,284
Density / Sq Mi
$92,500
Median Household Income
$57,781
Median Earnings
$1,071
Median Rent
$407,300
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 residential units include a two-bedroom first-floor apartment and a three-bedroom cottage-style second-floor residence.
Where is this duplex located?
The property is located at 33 Green St Fairhaven, MA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑unit duplex with 2‑bedroom and 3‑bedroom residences; First‑floor unit delivered vacant at closing; Second‑floor residence features a cottage‑style layout
