Two-Family Home with
New
For Sale
$675,000
40 Railroad Avenue, Taunton, MA 02780
Residential Income, Taunton, MA
Property Size2,657 SF
Lot Size0.34 Acres
Price / SF$254.05
Days on Market1
Property Features for 40 Railroad Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
3.21
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4
Parking
10
Elementary school
Bennett Elementary
Middle school
Joseph H. Martin
High school
Taunton High School
Directions
GPS: Somerset Ave (Route 138) to Railroad Ave.
Subdivision
Weir Village
Standard status
Active
APN
2968388
Size
2,657 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7492
Amenities
3-season room
bonus room
full basement with kitchen
walk-up attic
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams Elite · Keller Williams Realty
(508) 695-4545
Added: Sep 16
Last Checked: Sep 16 at 8:06AM
MLS# 73574745
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family property includes approximately 2,657 square feet of living space on a 0.34-acre lot. The first-floor unit has three bedrooms, while the second-floor unit contains two bedrooms. Separate utilities support independent payment of tenant utility expenses. A full basement includes a functioning kitchen and an additional room, and the walk-up attic provides further storage space.
A detached 26' x 26' two-car garage adds vehicle, storage, workshop, hobby, or equipment capacity, with a bonus room at the rear. The property also features a three-season room, wood shingle siding, ample off-street parking, and a spacious backyard. Built in 1900, it is located near Route 138 with access to shopping, dining, schools, parks, and major routes.
A detached 26' x 26' two-car garage adds vehicle, storage, workshop, hobby, or equipment capacity, with a bonus room at the rear. The property also features a three-season room, wood shingle siding, ample off-street parking, and a spacious backyard. Built in 1900, it is located near Route 138 with access to shopping, dining, schools, parks, and major routes.
Key Highlights
- Two‑family property with three‑bedroom and two‑bedroom units
- Approximately 2,657 square feet on a 0.34‑acre lot
- Detached 26' x 26' two‑car garage with rear bonus room
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
$47,483
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
7.03%
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%
$949,660
$949.7K
Cap Rate 7%
$678,329
$678.3K
Cap Rate 9%
$527,589
$527.6K
Market Conditions
NOI Build-Up for 2,657 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
$73.3K $27.60/SF
− Vacancy
−$5.5K −$2.07/SF
EGI
$67.8K $25.53/SF
− OpEx
−$20.3K −$7.66/SF
NOI
$47.5K $17.87/SF
Area
Bristol County, MA
Vacancy
7.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
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%
$949,660
Cap Rate 7%
$678,329
Cap Rate 9%
$527,589
Alternative Uses
Best Use
Multifamily LT 5
$678.3K
$593.5K – $791.4K
NOI $47,483 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$630.4K
$551.6K – $735.5K
NOI $44,128 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,265 @ 7.0% cap · market cap 16.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
55
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate utilities, off-street parking, and flexible bonus space for occupants or rental use.
Where is this duplex located?
The property is located at 40 Railroad Avenue Taunton, MA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two‑family property with three‑bedroom and two‑bedroom units; Approximately 2,657 square feet on a 0.34‑acre lot; Detached 26' x 26' two‑car garage with rear bonus room
