Renovated Two-Family
354 High St Pembroke, MA 02359
354 High St, Pembroke, MA, 02359
$600,000
For Sale
$600,000
Historic two-family home with multiple updates, including new heating and hot water, electrical upgrades, and renovated kitchens.
Property Size2,066 SF
Price / SF$290.42
Days on Market41
Property Features for 354 High St
General Information
- Standard status
- Active
- Size
- 2,066 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1940
Listing agency
Coldwell Banker Realty - Norwell - Hanover Regional Office
(781) 718-4468
Listed by
Nancy Kleber
(781) 718-4468
Source
Alliancepartnersre
Added: Jun 11 Updated: Jul 21 at 5:47AM Checked: Jul 21 at 5:47AM
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 Coldwell Banker Realty - Norwell - Hanover Regional Office
Investment Insights
Based on property information with market context.
A historic Old Cider Mill now configured as a two-family residence, featuring extensive renovations and refreshed interiors and exterior finishes. Updates include renovated kitchens, new windows throughout, installation of a new gas heat and hot water system, electrical upgrades, and new flooring in the living room and sunroom. The main house offers flexible living space with 3–4 bedrooms, areas for living, dining, and an office, plus a unique sitting room with a grand stone fireplace, slate flooring, and a wooden cathedral ceiling. First-floor cooling is supported by a mini-split.
The exterior features natural cedar shingles and newer paint, and most of the roof has been replaced since 2020. The second unit is a sunny two-room apartment with a renovated kitchen and bathroom with a shower, plus a separate bedroom. An expansive, private yard provides outdoor space for both occupants.
Located at 354 High St in Pembroke, MA 02359, the property offers a two-unit setup well suited to additional income or use as an in-law apartment.
The exterior features natural cedar shingles and newer paint, and most of the roof has been replaced since 2020. The second unit is a sunny two-room apartment with a renovated kitchen and bathroom with a shower, plus a separate bedroom. An expansive, private yard provides outdoor space for both occupants.
Located at 354 High St in Pembroke, MA 02359, the property offers a two-unit setup well suited to additional income or use as an in-law apartment.
Key Highlights
- Historic 2‑family residence in an Old Cider Mill setting, built in 1940.
- Renovations include both kitchen updates, new windows throughout, and new flooring in the living room and sunroom.
- New gas heat and hot water system plus electrical upgrades.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.7k | $25.50 |
| − Vacancy | −$2.8k | −$1.36 |
| EGI | $49.9k | $24.14 |
| − OpEx | −$15.0k | −$7.24 |
| NOI | $34.9k | $16.90 |
2,066 SF · lease $25.50/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$498.8K
$436.5K – $581.9K
NOI $34,916 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$459.7K
$402.3K – $536.3K
NOI $32,180 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,615 @ 7.0% cap · market cap 14.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Historic two-family home with multiple updates, including new heating and hot water, electrical upgrades, and renovated kitchens.
Where is this duplex located?
The property is located at 354 High St Pembroke, MA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Historic 2‑family residence in an Old Cider Mill setting, built in 1940.; Renovations include both kitchen updates, new windows throughout, and new flooring in the living room and sunroom.; New gas heat and hot water system plus electrical upgrades.
