Building Details

Building Size 1,711 SF

Year Built 1895

Listing Agency: RE/MAX Select Realty Show Phone

Listed By: Marie Anthony · License #9038957 Show Phone

Source: Iverty

Added: Aug 19 Changed: Oct 15 Last Checked: Oct 15 at 1:08AM

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Investment Insights

Based on property information with market context.

This 1,711-square-foot duplex, built in 1895, contains two independently metered residences. Each unit has high ceilings, hardwood floors, a spacious kitchen, and an updated bathroom. The first level provides two bedrooms and one bathroom and is vacant. Upstairs, the second two-bedroom, one-bath residence includes adaptable living space and is occupied under a month-to-month tenancy.

The property includes separate driveways, ample on-site parking, a level rear yard, a newer deck, brick patio, storage shed, roof, and siding. Located in Whitman, the home offers access to commuter rail service, shopping, parks, schools, and major highways. Its existing layout supports both owner occupancy with rental income and continued multifamily use.

Key Highlights

• 1,711 SF duplex built in 1895
• Two 2‑bedroom, 1‑bath units with separate electric metering
• First‑floor residence is vacant; second‑floor unit is rented month‑to‑month

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,917

Cap Rate

4.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$578,340 $578.3K

Cap Rate 7%

$413,100 $413.1K

Cap Rate 9%

$321,300 $321.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,711 SF

Gross rent

$43.6K $25.50/SF

− Vacancy

−$2.3K −$1.36/SF

EGI

$41.3K $24.14/SF

− OpEx

−$12.4K −$7.24/SF

NOI

$28.9K $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%

$578,340

Cap Rate 7%

$413,100

Cap Rate 9%

$321,300

Alternative Uses

Best Use

Multifamily LT 5

$413.1K

$361.5K – $482.0K (±1% cap)

NOI $28,917 @ 7.0% cap · market cap 4.20%

Second Best

Apartment 5plus

$380.7K

$333.1K – $444.2K (±1% cap)

NOI $26,651 @ 7.0% cap · market cap 3.87%

Theoretical Best

Office A

$1.01M

$886.3K – $1.18M (±1% cap)

NOI $70,903 @ 7.0% cap · market cap 10.29%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

201

Businesses Nearby

Explore this area Business Placement

Demographics for 02382, MA

15,121

Population

6,031

Households

2.5

Avg Household Size

41

Median Age

29%

College-Educated

95%

High-School Grad

6.9 sq mi

ZIP Area

2,191

Density / Sq Mi

$107,794

Median Household Income

$53,875

Median Earnings

$1,785

Median Rent

$456,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two separately metered residences include hardwood floors, updated bathrooms, and distinct outdoor areas.

Where is this duplex located?

The property is located at 489 South Ave. Whitman, MA.

What is the asking price?

The asking price for this property is $689,000.

What are key features of this property?

This property features: 1,711 SF duplex built in 1895; Two 2‑bedroom, 1‑bath units with separate electric metering; First‑floor residence is vacant; second‑floor unit is rented month‑to‑month