Two-Family Residential
For Sale
$779,900
375-379 Webster Street, Rockland, MA 02370
Historic 2-family home with separate units, multiple outdoor spaces, and room for flexible living arrangements.
Property Size2,965 SF
Lot Size0.50 Acres
Price / SF$263.04
Days on Market116
Property Features for 375-379 Webster Street
General Information
Standard status
Active
Size
2,965 SF
Total Parking Spaces
6
Lot size
0.50 Acres
Property subtype
Multi-family
Building Details
Year Built
1880
Tenancy
Multi
Listing Agency:
Keller Williams Realty
Listed By:
Jonathan Ashbridge
(617) 799-5818
Source:
Oldeforgerealty
Added: Apr 7
Changed: Jul 10
Last Checked: Jul 30 at 7:12PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This two-family property combines a late 1700s farmhouse Colonial and a circa 1990s townhouse under one roofline. The Colonial unit features wide pine floors, beamed ceilings, an updated kitchen with a pantry, and a flexible layout that could accommodate up to four bedrooms and two bathrooms. A spacious rear family room with recessed lighting connects to a three-season sunroom overlooking the backyard.
The second unit is a two-bedroom, one-bath townhouse with a modern layout, hardwood floors, and a large wooden deck. Both units benefit from practical storage options, including basement access and attic storage associated with the townhouse unit. The property is sited on a half-acre lot with parking for six cars.
With separate living configurations and substantial indoor and outdoor space, the home can fit an owner-occupant who wants rental income alongside additional flexibility, or an investor looking for a multi-unit residential asset. The lot also presents potential for additional development, including ADU potential, subject to applicable approvals.
The second unit is a two-bedroom, one-bath townhouse with a modern layout, hardwood floors, and a large wooden deck. Both units benefit from practical storage options, including basement access and attic storage associated with the townhouse unit. The property is sited on a half-acre lot with parking for six cars.
With separate living configurations and substantial indoor and outdoor space, the home can fit an owner-occupant who wants rental income alongside additional flexibility, or an investor looking for a multi-unit residential asset. The lot also presents potential for additional development, including ADU potential, subject to applicable approvals.
Key Highlights
- 2‑family home totaling 2,965 sq. ft., combining a historic 1700s farmhouse Colonial with a 1990s townhouse
- Half‑acre lot with outdoor space, including a three‑season sunroom and a large wooden deck
- 379 Webster includes updated kitchen with pantry, wide pine floors, beamed ceilings, and flexible layout for up to 4 beds & 2 baths
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 | $75.6k | $25.50 |
| − Vacancy | −$4.0k | −$1.36 |
| EGI | $71.6k | $24.14 |
| − OpEx | −$21.5k | −$7.24 |
| NOI | $50.1k | $16.90 |
2,965 SF · lease $25.50/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$715.9K
$626.4K – $835.2K
NOI $50,110 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$659.8K
$577.3K – $769.7K
NOI $46,183 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $122,869 @ 7.0% cap · market cap 15.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
Explore this area
Business Placement
Demographics for 02370, MA
17,803
Population
7,046
Households
2.5
Avg Household Size
43
Median Age
34%
College-Educated
96%
High-School Grad
10.0 sq mi
ZIP Area
1,780
Density / Sq Mi
$101,475
Median Household Income
$59,489
Median Earnings
$1,497
Median Rent
$452,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Historic 2-family home with separate units, multiple outdoor spaces, and room for flexible living arrangements.
Where is this duplex located?
The property is located at 375-379 Webster Street Rockland, MA.
What is the asking price?
The asking price for this property is $779,900.
What are key features of this property?
This property features: 2‑family home totaling 2,965 sq. ft., combining a historic 1700s farmhouse Colonial with a 1990s townhouse; Half‑acre lot with outdoor space, including a three‑season sunroom and a large wooden deck; 379 Webster includes updated kitchen with pantry, wide pine floors, beamed ceilings, and flexible layout for up to 4 beds & 2 baths
