Duplex with Private
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
(508) 274-8780
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.
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
NOI $29,576 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$389.4K
$340.7K – $454.3K
NOI $27,258 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$1.04M
$906.5K – $1.21M
NOI $72,520 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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
