Duplex with Detached
448 River Street, Norwell, MA 02061
For Sale
New
$1,025,000
A three-bedroom antique Cape is paired with a separate one-bedroom apartment and a two-story barn.
Property Size2,877 SF
Price / SF$356.27
Days on Market6
Property Features for 448 River Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
Living Room
Dining Room
Kitchen
Family Room
Laundry Room
Mudroom
Office/Den
Fruit Trees
Stone Wall
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Coldwell Banker Realty - Norwell - Hanover Regional Office
(781) 659-7955
Listed By:
Poppy Troupe · License #449523040
(617) 285-5684
Source:
Baycolonyrealty
Added: Nov 2
Changed: Nov 3
Last Checked: Nov 6 at 4:45AM
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 Coldwell Banker Realty - Norwell - Hanover Regional Office
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1746, the main residence is a three-bedroom, two-and-a-half-bath antique Cape with wide-pine floors, built-ins and fireplaces. Its first-floor primary suite has a renovated full bath; two additional bedrooms, another full bath and laundry are upstairs. The detached apartment contains one bedroom, a kitchen, full bath and laundry. A two-story barn adds garage space, stalls and storage. A new five-bedroom, Title 5-approved septic system is planned for installation, and the property has a whole-house generator.
The property is at 448 River Street in Norwell, Massachusetts, on a level lot behind stone walls. A large rear deck extends the main home’s living space outdoors. The setting is near Norwell schools, the North River, walking trails, routes toward Boston and the coast.
The detached apartment has previously been used as a rental. The barn’s second floor offers potential for office, studio or creative space.
The property is at 448 River Street in Norwell, Massachusetts, on a level lot behind stone walls. A large rear deck extends the main home’s living space outdoors. The setting is near Norwell schools, the North River, walking trails, routes toward Boston and the coast.
The detached apartment has previously been used as a rental. The barn’s second floor offers potential for office, studio or creative space.
Key Highlights
- Three‑bedroom, two‑and‑a‑half‑bath main residence, built in 1746
- Separate one‑bedroom apartment with kitchen, full bath and laundry
- Two‑story barn with garage space, stalls and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,622
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$972,440
$972.4K
Cap Rate 7%
$694,600
$694.6K
Cap Rate 9%
$540,244
$540.2K
Market Conditions
NOI Build-Up for 2,877 SF
Gross rent
$73.4K $25.50/SF
− Vacancy
−$3.9K −$1.36/SF
EGI
$69.5K $24.14/SF
− OpEx
−$20.8K −$7.24/SF
NOI
$48.6K $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 Rate 5%
$972,440
Cap Rate 7%
$694,600
Cap Rate 9%
$540,244
Alternative Uses
Best Use
Multifamily LT 5
$694.6K
$607.8K – $810.4K
NOI $48,622 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$640.2K
$560.2K – $746.9K
NOI $44,812 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,222 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
Demographics for 02061, MA
11,351
Population
3,739
Households
3
Avg Household Size
42
Median Age
65%
College-Educated
98%
High-School Grad
20.9 sq mi
ZIP Area
543
Density / Sq Mi
$182,637
Median Household Income
$82,358
Median Earnings
$2,181
Median Rent
$799,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Plymouth County, MA
Properties on Market for Duplexes in Plymouth County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A three-bedroom antique Cape is paired with a separate one-bedroom apartment and a two-story barn.
Where is this duplex located?
The property is located at 448 River Street Norwell, MA.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Three‑bedroom, two‑and‑a‑half‑bath main residence, built in 1746; Separate one‑bedroom apartment with kitchen, full bath and laundry; Two‑story barn with garage space, stalls and storage
