Duplex with Two-Car
For Sale
$625,000
42 Everett Street, Middleboro, MA 02346
Residential income property with hardwood flooring, fireplace, patio, and basement laundry hookups.
Property Size1,762 SF
Lot Size0.17 Acres
Price / SF$354.71
Days on Market155
Property Features for 42 Everett Street
General Information
Standard status
Active
Size
1,762 SF
Total Parking Spaces
6
Lot size
0.17 Acres
Property subtype
Multi-family / 2 Family - 2 Units Up/Down
Zoning
RES
Net Operating Income
$47,400
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$5,541
Amenities
No
Vinyl, Hardwood
Range, Refrigerator
1
Yes
2.0
Full, Walk Out
Living Room, Kitchen, Office/Den
2
2.00
Fenced/Enclosed
Shingle
Cleared
Building Details
Year Built
1950
Listing Agency:
RE/MAX Legacy
(508) 946-1661
Listed By:
Chelsea McLaughlin · License #9560250
(508) 946-1661
Source:
Compass
Added: Mar 30
Changed: Aug 30
Last Checked: Aug 30 at 2:35PM
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 RE/MAX Legacy
Investment Insights
Based on property information with market context.
This 1950-built duplex contains 1,762 square feet of living space with four bedrooms and two full baths. The first-floor residence includes hardwood flooring, a living room fireplace, shaker-style kitchen cabinetry, a wood ceiling, two bedrooms, and an additional office or bonus room. The property also includes a two-car garage, patio, fenced exterior, and a full walk-out basement.
Town utilities serve the property, with separate gas heating, furnaces that are 7 and 4 years old, and 5-year-old hot water heaters. Additional updates include a newer roof and new 200-amp electric panels. Two laundry hookups are located in the basement. The duplex occupies a 7,405-square-foot cleared lot and is zoned RES.
Town utilities serve the property, with separate gas heating, furnaces that are 7 and 4 years old, and 5-year-old hot water heaters. Additional updates include a newer roof and new 200-amp electric panels. Two laundry hookups are located in the basement. The duplex occupies a 7,405-square-foot cleared lot and is zoned RES.
Key Highlights
- Duplex with 1,762 square feet of living space
- Four bedrooms and two full baths
- Two‑car garage, patio, and fenced exterior
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
$29,778
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
4.76%
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%
$595,560
$595.6K
Cap Rate 7%
$425,400
$425.4K
Cap Rate 9%
$330,867
$330.9K
Market Conditions
NOI Build-Up for 1,762 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
$44.9K $25.50/SF
− Vacancy
−$2.4K −$1.36/SF
EGI
$42.5K $24.14/SF
− OpEx
−$12.8K −$7.24/SF
NOI
$29.8K $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 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%
$595,560
Cap Rate 7%
$425,400
Cap Rate 9%
$330,867
Alternative Uses
Best Use
Multifamily LT 5
$425.4K
$372.2K – $496.3K
NOI $29,778 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$392.1K
$343.1K – $457.4K
NOI $27,445 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$1.04M
$912.7K – $1.22M
NOI $73,017 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 02346, MA
24,245
Population
10,230
Households
2.4
Avg Household Size
44
Median Age
30%
College-Educated
94%
High-School Grad
69.0 sq mi
ZIP Area
351
Density / Sq Mi
$91,914
Median Household Income
$52,710
Median Earnings
$1,692
Median Rent
$426,800
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?
Duplex - Residential income property with hardwood flooring, fireplace, patio, and basement laundry hookups.
Where is this duplex located?
The property is located at 42 Everett Street Middleboro, MA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Duplex with 1,762 square feet of living space; Four bedrooms and two full baths; Two‑car garage, patio, and fenced exterior
