Two-Property Multifamily
New
For Sale
$1,199,900
38 Trescott St & 35 School St, Taunton, MA 02780
Two residential buildings provide flexible layouts, substantial living space, and an attached garage.
Property Size6,498 SF
Price / SF$184.66
Days on Market2
Property Features for 38 Trescott St & 35 School St
General Information
Standard status
Active
Size
6,498 SF
Total Parking Spaces
24
Property subtype
Multifamily
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,346
Building Details
Building Size
6,498 SF
Year Built
1900
Buildings
2
Listing Agency:
EXIT Premier Real Estate
Listed By:
Mark A. Maraglia · License #450000963
(508) 272-8761
Source:
Classifiedrealtygroup
Added: Sep 6
Last Checked: Sep 7 at 5:42AM
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 EXIT Premier Real Estate
Investment Insights
Based on property information with market context.
This multifamily offering includes two residential properties on the same lot with a combined 6,498 square feet of living space. The building at 38 Trescott Street contains 2,534 square feet, 9 rooms, 5 bedrooms, 2 baths, and a bonus room. At 35 School Street, the brick building provides 3,964 square feet, 12 rooms, 5 bedrooms, 3 baths, and an attached 6-car garage. Both properties date to 1900, and the property includes a newer roof.
The addresses are in downtown Taunton, within walking distance of the Taunton Green, courthouse, restaurants, local entertainment, and coffee shops. The commuter rail station and Route 44 are also nearby. The configuration is identified as suitable for investors or owner-occupants.
The addresses are in downtown Taunton, within walking distance of the Taunton Green, courthouse, restaurants, local entertainment, and coffee shops. The commuter rail station and Route 44 are also nearby. The configuration is identified as suitable for investors or owner-occupants.
Key Highlights
- Two multifamily properties on one lot with 6,498 square feet of combined living space
- 38 Trescott Street: 2,534 square feet, 9 rooms, 5 bedrooms, 2 baths, plus a bonus room
- 35 School Street: 3,964 square feet, 12 rooms, 5 bedrooms, and 3 baths
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
$107,920
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
8.99%
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%
$2,158,400
$2.2M
Cap Rate 7%
$1,541,714
$1.5M
Cap Rate 9%
$1,199,111
$1.2M
Market Conditions
NOI Build-Up for 6,498 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
$210.5K $32.40/SF
− Vacancy
−$14.3K −$2.20/SF
EGI
$196.2K $30.20/SF
− OpEx
−$88.3K −$13.59/SF
NOI
$107.9K $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%
$2,158,400
Cap Rate 7%
$1,541,714
Cap Rate 9%
$1,199,111
Alternative Uses
Best Use
Apartment 5plus
$1.54M
$1.35M – $1.80M
NOI $107,920 @ 7.0% cap · market cap 8.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.96M
$3.46M – $4.62M
NOI $277,002 @ 7.0% cap · market cap 23.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,499
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two residential buildings provide flexible layouts, substantial living space, and an attached garage.
Where is this multifamily property located?
The property is located at 38 Trescott St & 35 School St Taunton, MA.
What is the asking price?
The asking price for this property is $1,199,900.
What are key features of this property?
This property features: Two multifamily properties on one lot with 6,498 square feet of combined living space; 38 Trescott Street: 2,534 square feet, 9 rooms, 5 bedrooms, 2 baths, plus a bonus room; 35 School Street: 3,964 square feet, 12 rooms, 5 bedrooms, and 3 baths
