44 Hope Seekonk, MA 02771
44 Hope, Seekonk, MA, 02771
$499,000
Pending
For Sale
$499,000
Pending
Duplexes
Property Size1,834 SF
Days on Market90
Property Features for 44 Hope
General Information
- Standard status
- Pending
- Size
- 1,834 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1910
Listing agency
Residential Properties Ltd. - Barrington
(401) 837-0325
Listed by
Kerri Payne
(401) 837-0325
Source
Alliancepartnersre
Added: Apr 23 Updated: Jul 20 at 4:47PM Checked: Jul 20 at 4:47PM
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 Residential Properties Ltd. - Barrington
Investment Insights
Based on property information with market context.
Key Highlights
- Legal 2‑family farmhouse on 1.78 acres; originally built as a single family, with a secondary unit added in 1977
- Main unit (Unit 1) offers 1,212 SF with enclosed front porch, kitchen, living and dining downstairs, plus 3 bedrooms and a full bath upstairs
- Second unit (Unit 2) offers 622 SF with kitchen and bath plus combined living/dining downstairs and 1 bedroom in an open loft area upstairs
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.6k | $27.60 |
| − Vacancy | −$3.8k | −$2.07 |
| EGI | $46.8k | $25.53 |
| − OpEx | −$14.0k | −$7.66 |
| NOI | $32.8k | $17.87 |
1,834 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$468.2K
$409.7K – $546.3K
NOI $32,775 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$435.1K
$380.8K – $507.7K
NOI $30,460 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$1.12M
$977.3K – $1.30M
NOI $78,181 @ 7.0% cap · market cap 15.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
Where is this duplex located?
The property is located at 44 Hope Seekonk, MA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Legal 2‑family farmhouse on 1.78 acres; originally built as a single family, with a secondary unit added in 1977; Main unit (Unit 1) offers 1,212 SF with enclosed front porch, kitchen, living and dining downstairs, plus 3 bedrooms and a full bath upstairs; Second unit (Unit 2) offers 622 SF with kitchen and bath plus combined living/dining downstairs and 1 bedroom in an open loft area upstairs
