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Duplex with Private Decks
New
For Sale
$649,000

4 Pineneedle Lane, Pembroke, MA 02359

Both residences include a fireplace and basement, with room for household storage or other uses.

Property Size1,750 SF
Price / SF$370.86
Days on Market5

Property Features for 4 Pineneedle Lane

General Information

Standard status Active
Size 1,750 SF
Property subtype Multi-family

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Additional Details

Highway Access Yes

Amenities

deck
fireplace

Building Details

Year Built 1972
Listing Agency: Coldwell Banker Realty - Plymouth
Listed By: Michael Cabral
Source: Rosenrealty
Added: Oct 18 Changed: Oct 21 Last Checked: Oct 20 at 10:13PM

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 Coldwell Banker Realty - Plymouth

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Investment Insights

Based on property information with market context.

This 1,750-square-foot duplex, built in 1972, contains two residences with a combined four bedrooms and two full bathrooms. Each unit has two bedrooms, one full bath, a deck, a fireplace, and a basement. One unit has a brand-new furnace, and the roof is approximately 10 years old.

The property is set among wooded surroundings in Pembroke, with schools, shopping, and highways nearby.

Key Highlights

  • Two units, each with 2 bedrooms and 1 full bathroom
  • Total of 4 bedrooms and 2 full bathrooms
  • Each residence has its own deck, fireplace, and basement

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$29,576
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,520 $591.5K
Cap Rate 7%
$422,514 $422.5K
Cap Rate 9%
$328,622 $328.6K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$44.6K $25.50/SF
− Vacancy
−$2.4K −$1.36/SF
EGI
$42.3K $24.14/SF
− OpEx
−$12.7K −$7.24/SF
NOI
$29.6K $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 Rate 5%
$591,520
Cap Rate 7%
$422,514
Cap Rate 9%
$328,622

Alternative Uses

Best Use
Multifamily LT 5
$422.5K
$369.7K – $492.9K (±1% cap)
NOI $29,576 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$389.4K
$340.7K – $454.3K (±1% cap)
NOI $27,258 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$1.04M
$906.5K – $1.21M (±1% cap)
NOI $72,520 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

31
Businesses Nearby

Demographics for 02359, MA

18,361
Population
7,173
Households
2.6
Avg Household Size
43
Median Age
46%
College-Educated
97%
High-School Grad
21.8 sq mi
ZIP Area
842
Density / Sq Mi
$141,332
Median Household Income
$69,860
Median Earnings
$2,413
Median Rent
$550,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Both residences include a fireplace and basement, with room for household storage or other uses.
Where is this duplex located?
The property is located at 4 Pineneedle Lane Pembroke, MA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bathroom; Total of 4 bedrooms and 2 full bathrooms; Each residence has its own deck, fireplace, and basement
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