Historic Two-Unit
For Sale
Under Contract
$699,900
375-379 Webster Street, Rockland, MA 02370
Residential Income, Rockland, MA
Property Size2,965 SF
Lot Size0.51 Acres
Price / SF$236.05
Days on Market154
Property Features for 375-379 Webster Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Res2
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 6, Bedroom 5, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 2
Parking
6
Fireplace
1
Elementary school
Phelps
Middle school
Rogers
High school
Rockland High
Directions
Hingham Street to Webster Street
Standard status
Active Under Contract
Size
2,965 SF
Lot size
0.51 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9441
Building Details
Year built
1880
Floors in Building
3
Number of units
2
Listing Agency:
Keller Williams Realty
Listed By:
Scott Morris
(508) 238-5000
Added: Apr 15
Changed: Sep 12
Last Checked: Sep 15 at 3:06PM
MLS# 73501651
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex property contains 2,965 square feet across two distinct residences on a 0.51-acre parcel. The 1880 property includes one farmhouse Colonial residence with wide pine flooring, beamed ceilings, an updated kitchen with pantry, a rear family room, and a three-season sunroom. Its flexible arrangement includes up to 4 bedrooms and 2 bathrooms. The second residence is a 2-bedroom, 1-bath townhouse-style unit converted circa 1991, with hardwood floors, a large wood deck, basement access, and attic storage.
The property is located at 375-379 Webster Street in Rockland, near Route 3 and downtown Rockland. On-site parking accommodates 6 cars. The parcel is zoned Res2 and includes potential for an accessory dwelling unit.
The property is located at 375-379 Webster Street in Rockland, near Route 3 and downtown Rockland. On-site parking accommodates 6 cars. The parcel is zoned Res2 and includes potential for an accessory dwelling unit.
Key Highlights
- 2,965 square feet across two residential units
- 0.51‑acre parcel with Res2 zoning
- One unit offers up to 4 bedrooms and 2 bathrooms
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
$50,110
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
7.16%
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%
$1,002,200
$1.0M
Cap Rate 7%
$715,857
$715.9K
Cap Rate 9%
$556,778
$556.8K
Market Conditions
NOI Build-Up for 2,965 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
$75.6K $25.50/SF
− Vacancy
−$4.0K −$1.36/SF
EGI
$71.6K $24.14/SF
− OpEx
−$21.5K −$7.24/SF
NOI
$50.1K $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 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%
$1,002,200
Cap Rate 7%
$715,857
Cap Rate 9%
$556,778
Alternative Uses
Best Use
Multifamily LT 5
$715.9K
$626.4K – $835.2K
NOI $50,110 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$659.8K
$577.3K – $769.7K
NOI $46,183 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $122,869 @ 7.0% cap · market cap 17.56%
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
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Two residences combine period detailing, updated kitchen space, and separate layouts on a sizable residential parcel.
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 $699,900.
What are key features of this property?
This property features: 2,965 square feet across two residential units; 0.51‑acre parcel with Res2 zoning; One unit offers up to 4 bedrooms and 2 bathrooms
