Two-Property Multifamily
For Sale
$1,199,900
38 Trescott St & 35 School Street, 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 Market57
Property Features for 38 Trescott St & 35 School Street
General Information
Standard status
Active
Size
6,498 SF
Total Parking Spaces
6
Property subtype
Multi-family
Additional Details
Public Transit
Yes
Building Details
Year Built
1900
Buildings
2
Listing Agency:
EXIT Premier Real Estate
Listed By:
Mark A. Maraglia · License #450000963
(508) 272-8761
Source:
Kelleyrege
Added: Aug 31
Changed: Oct 25
Last Checked: Oct 24 at 9:56PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$107,920
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
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 Street 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
