Two-Unit
38 Snell St, Holbrook, MA 02343
For Sale
$724,499
Pending
The larger first-floor unit is paired with a second-floor residence suited to extended household use or rental income.
Property Size2,309 SF
Lot Size0.47 Acres
Days on Market8
Property Features for 38 Snell St
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Keller Williams South Watuppa
Listed By:
Kimberly Staffier
(781) 864-2885
Source:
Elliman
Added: Nov 6
Changed: Nov 13
Last Checked: Nov 6 at 7:18AM
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 South Watuppa
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Investment Insights
Based on property information with market context.
Built in 1890, this Holbrook duplex contains two living units, with a larger residence on the first floor and a second unit above. The property offers 5 bedrooms, 2 full bathrooms, and 2,309 square feet of living space on a .47-acre lot. A new roof is among the property’s improvements. The sale is AS IS.
Key Highlights
- Two‑unit property with 5 bedrooms and 2 full bathrooms
- 2,309 sq. ft. of living space on a .47‑acre lot
- Larger first‑floor unit and separate second‑floor unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,362
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$827,240
$827.2K
Cap Rate 7%
$590,886
$590.9K
Cap Rate 9%
$459,578
$459.6K
Market Conditions
NOI Build-Up for 2,309 SF
Gross rent
$62.3K $27.00/SF
− Vacancy
−$3.3K −$1.41/SF
EGI
$59.1K $25.59/SF
− OpEx
−$17.7K −$7.68/SF
NOI
$41.4K $17.91/SF
Area
Norfolk County, MA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$827,240
Cap Rate 7%
$590,886
Cap Rate 9%
$459,578
Alternative Uses
Best Use
Multifamily LT 5
$590.9K
$517.0K – $689.4K
NOI $41,362 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$545.2K
$477.0K – $636.1K
NOI $38,163 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$1.37M
$1.20M – $1.59M
NOI $95,684 @ 7.0% cap · market cap 13.21%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
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Business Placement
Demographics for 02343, MA
11,364
Population
4,268
Households
2.7
Avg Household Size
42
Median Age
37%
College-Educated
94%
High-School Grad
7.0 sq mi
ZIP Area
1,623
Density / Sq Mi
$107,198
Median Household Income
$56,269
Median Earnings
$1,522
Median Rent
$435,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Norfolk County, MA
Properties on Market for Duplexes in Norfolk County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The larger first-floor unit is paired with a second-floor residence suited to extended household use or rental income.
Where is this duplex located?
The property is located at 38 Snell St Holbrook, MA.
What is the asking price?
The asking price for this property is $724,499.
What are key features of this property?
This property features: Two‑unit property with 5 bedrooms and 2 full bathrooms; 2,309 sq. ft. of living space on a .47‑acre lot; Larger first‑floor unit and separate second‑floor unit
