3-Unit Multifamily with
427 Somerset Ave, Taunton, MA 02780
For Sale
$874,900
All three apartments will be delivered vacant, with off-street parking and yard space on site.
Property Size1,900 SF
Price / SF$273.41
Days on Market18
Property Features for 427 Somerset Ave
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Amenities
washer/dryer hookups
yard
Building Details
Building Size
Year Built
Stories
Listing Agency:
HomeSmart First Class Realty
(508) 297-7270
Listed By:
The Perry Team
(774) 313-0848
Source:
Iverty
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 8 at 5:50AM
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 HomeSmart First Class Realty
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Investment Insights
Based on property information with market context.
This 3,200-square-foot triplex, built in 1900, contains three apartments with varied layouts. The first-floor unit has two bedrooms and could be configured with a third; the second-floor apartment has three bedrooms and new flooring. The third-floor unit features generously sized rooms. Washer and dryer hookups are available in the first-floor apartment and basement, and the basement also offers storage space. A three-car garage, off-street parking, and yard space are part of the property. All three apartments will be vacant at delivery.
The property has updated electrical, a Rinnai heating system serving the first and second floors, and electric baseboard heat on the third floor. Water heaters were replaced in 2023, the exterior aluminum siding was painted in 2023, and the house and garage have newer roofs. The garage also has newer siding. The property is near Weir Village waterfront and Memorial Park, with highways, shopping, commuter rail, and the Dighton line nearby.
The property has updated electrical, a Rinnai heating system serving the first and second floors, and electric baseboard heat on the third floor. Water heaters were replaced in 2023, the exterior aluminum siding was painted in 2023, and the house and garage have newer roofs. The garage also has newer siding. The property is near Weir Village waterfront and Memorial Park, with highways, shopping, commuter rail, and the Dighton line nearby.
Key Highlights
- Three apartments totaling 3,200 square feet; all will be delivered vacant
- Three‑car garage, off‑street parking, and yard space
- First‑floor apartment has 2 bedrooms with potential for a third; second‑floor unit has 3 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,187
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,143,740
$1.1M
Cap Rate 7%
$816,957
$817.0K
Cap Rate 9%
$635,411
$635.4K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$88.3K $27.60/SF
− Vacancy
−$6.6K −$2.07/SF
EGI
$81.7K $25.53/SF
− OpEx
−$24.5K −$7.66/SF
NOI
$57.2K $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 Rate 5%
$1,143,740
Cap Rate 7%
$816,957
Cap Rate 9%
$635,411
Alternative Uses
Best Use
Multifamily LT 5
$817.0K
$714.8K – $953.1K
NOI $57,187 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$759.2K
$664.3K – $885.8K
NOI $53,146 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$1.95M
$1.71M – $2.27M
NOI $136,412 @ 7.0% cap · market cap 15.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
255
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
$377,800
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Bristol County, MA
Properties on Market for Triplexes in Bristol County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three apartments will be delivered vacant, with off-street parking and yard space on site.
Where is this triplex located?
The property is located at 427 Somerset Ave Taunton, MA.
What is the asking price?
The asking price for this property is $874,900.
What are key features of this property?
This property features: Three apartments totaling 3,200 square feet; all will be delivered vacant; Three‑car garage, off‑street parking, and yard space; First‑floor apartment has 2 bedrooms with potential for a third; second‑floor unit has 3 bedrooms
