8-Unit Multifamily
For Sale
Contact for pricing
426 Whittenton Street, Taunton, MA 02780
Well-maintained 8-unit property with separate utilities and tenant-at-will units, including two currently vacant units.
Property Size6,797 SF
Price / SF$198.62
Days on Market143
Property Features for 426 Whittenton Street
General Information
Standard status
Active
Size
6,797 SF
Property subtype
Multifamily
Zoning
URBRES
Occupancy
80%
Investment Type
Owner/User
Net Operating Income
$126,902
Additional Details
Multifamily Units
8
Building Details
Year Built
1900
Buildings
1
Units
10
Tenancy
Multi
Listing Agency:
CENTURY 21 Realty Network
Listed By:
A.J. Andrews · License #MA 9018418
Source:
Crexi
Added: Apr 21
Changed: Sep 2
Last Checked: Sep 10 at 6:40AM
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 CENTURY 21 Realty Network
Investment Insights
Based on property information with market context.
This well-maintained 8-unit multifamily property is being offered for sale as an income-producing investment. The building has been owned and occupied for more than 28 years, reflecting long-term operational continuity. Two units are currently vacant, and several rents are described as under market. All units are tenant-at-will, offering flexibility for re-leasing.
The property benefits from separate utilities, which can help manage operating expenses. It is located across from major approved redevelopment identified as Whittenton Mills.
The offering is structured around in-place income with unit-level opportunity based on the noted vacancies and under-market rents, with the property’s separate utilities supporting day-to-day cost control.
The property benefits from separate utilities, which can help manage operating expenses. It is located across from major approved redevelopment identified as Whittenton Mills.
The offering is structured around in-place income with unit-level opportunity based on the noted vacancies and under-market rents, with the property’s separate utilities supporting day-to-day cost control.
Key Highlights
- 8‑unit multifamily built in 1900
- Two units currently vacant, creating immediate income‑upside potential
- Several units reported as under‑market rents
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
$112,886
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
8.36%
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%
$2,257,720
$2.3M
Cap Rate 7%
$1,612,657
$1.6M
Cap Rate 9%
$1,254,289
$1.3M
Market Conditions
NOI Build-Up for 6,797 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
$220.2K $32.40/SF
− Vacancy
−$15.0K −$2.20/SF
EGI
$205.2K $30.20/SF
− OpEx
−$92.4K −$13.59/SF
NOI
$112.9K $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 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%
$2,257,720
Cap Rate 7%
$1,612,657
Cap Rate 9%
$1,254,289
Alternative Uses
Best Use
Apartment 5plus
$1.61M
$1.41M – $1.88M
NOI $112,886 @ 7.0% cap · market cap 8.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.14M
$3.62M – $4.83M
NOI $289,748 @ 7.0% cap · market cap 21.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 8-unit property with separate utilities and tenant-at-will units, including two currently vacant units.
Where is this apartment building located?
The property is located at 426 Whittenton Street Taunton, MA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 8‑unit multifamily built in 1900; Two units currently vacant, creating immediate income‑upside potential; Several units reported as under‑market rents
