Five-Bedroom Multifamily
For Sale
$599,900
35 Godfrey St, Taunton, MA 02780
Vacant delivery combines flexible interior space with a finished lower-level room, full bath, and private outdoor amenities.
Property Size1,898 SF
Price / SF$316.07
Days on Market9
Property Features for 35 Godfrey St
General Information
Standard status
Active
Size
1,898 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$5,058
Amenities
hardwood flooring
private yard
wrap-around deck
fire pit
pool
finished basement room
Building Details
Building Size
1,898 SF
Year Built
1945
Listing Agency:
Neighbors Realty Group, LLC
Listed By:
Diana Ferreira · License #9518910
(508) 345-7377
Source:
Paulgrover
Added: Sep 16
Changed: Sep 21
Last Checked: Sep 22 at 9:39PM
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 Neighbors Realty Group, LLC
Investment Insights
Based on property information with market context.
Built in 1945, this multifamily property offers five bedrooms across a residential layout with hardwood flooring on the first level. The basement adds a finished room and another full bathroom, expanding the usable interior space. The property will be delivered vacant.
Outdoor features include a private yard, wrap-around deck, fire pit, and pool. Together, the interior configuration and exterior amenities provide a range of practical options for an owner-occupant or investor, as stated in the property information.
Outdoor features include a private yard, wrap-around deck, fire pit, and pool. Together, the interior configuration and exterior amenities provide a range of practical options for an owner-occupant or investor, as stated in the property information.
Key Highlights
- Five‑bedroom multifamily property built in 1945
- Finished basement room with an additional full bathroom
- Hardwood flooring throughout the first floor
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
$31,522
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
5.25%
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%
$630,440
$630.4K
Cap Rate 7%
$450,314
$450.3K
Cap Rate 9%
$350,244
$350.2K
Market Conditions
NOI Build-Up for 1,898 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
$61.5K $32.40/SF
− Vacancy
−$4.2K −$2.20/SF
EGI
$57.3K $30.20/SF
− OpEx
−$25.8K −$13.59/SF
NOI
$31.5K $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%
$630,440
Cap Rate 7%
$450,314
Cap Rate 9%
$350,244
Alternative Uses
Best Use
Apartment 5plus
$450.3K
$394.0K – $525.4K
NOI $31,522 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $80,909 @ 7.0% cap · market cap 13.49%
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
223
Businesses Nearby
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Business Placement
Demographics for 02780, MA
52,299
Population
22,454
Households
2.3
Avg Household Size
41
Median Age
24%
College-Educated
85%
High-School Grad
33.1 sq mi
ZIP Area
1,580
Density / Sq Mi
$75,054
Median Household Income
$48,454
Median Earnings
$1,257
Median Rent
$377,800
Median Home Value
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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?
Multifamily property - Vacant delivery combines flexible interior space with a finished lower-level room, full bath, and private outdoor amenities.
Where is this multifamily property located?
The property is located at 35 Godfrey St Taunton, MA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Five‑bedroom multifamily property built in 1945; Finished basement room with an additional full bathroom; Hardwood flooring throughout the first floor
