Side-by-Side Two-Family
498-500 Main Street Hingham, MA 02043
For Sale
$1,299,000
Well-maintained duplex with two units, fenced yards, off-street parking, and a new 2024 roof.
Property Size3,073 SF
Price / SF$422.71
Days on Market122
Property Features for 498-500 Main Street
General Information
- Standard status
- Active
- Size
- 3,073 SF
- Property subtype
- Multi-family / 2 Family
Building Details
- Year Built
- 1850
Listing Agency:
William Raveis R.E. & Home Services
(781) 749-3007
Listed By:
Joanne Conway · License #93583
(781) 749-3007
Source:
Compass
Added: Mar 25
Changed: Jul 23
Last Checked: Jul 23 at 8:52AM
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 William Raveis R.E. & Home Services
Investment Insights
Based on property information with market context.
This well-maintained side-by-side two-family home features two spacious units, each with its own fenced yard and off-street parking. The 500 Main Street side offers a three-bedroom, two-bath layout with access to an oversized two-car garage. The 498 Main Street side provides a two-bedroom, two-bath unit with comfortable living space.
Both units also include room in the lower level for additional living space, along with extra storage areas. Additional storage is available above the oversized two-car garage.
A new roof was installed in 2024, supporting long-term property value and ongoing maintenance. The property is offered for sale at 498–500 Main Street in Hingham, MA.
Both units also include room in the lower level for additional living space, along with extra storage areas. Additional storage is available above the oversized two-car garage.
A new roof was installed in 2024, supporting long-term property value and ongoing maintenance. The property is offered for sale at 498–500 Main Street in Hingham, MA.
Key Highlights
- Side‑by‑side two‑family duplex on Main Street with two separate units
- 500 Main Street side: 3 bedrooms, 2 baths, plus access to an oversized 2‑car garage
- 498 Main Street side: 2 bedrooms, 2 baths
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 | $78.4k | $25.50 |
| − Vacancy | −$4.2k | −$1.36 |
| EGI | $74.2k | $24.14 |
| − OpEx | −$22.3k | −$7.24 |
| NOI | $51.9k | $16.90 |
3,073 SF · lease $25.50/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$741.9K
$649.2K – $865.6K
NOI $51,935 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$683.8K
$598.3K – $797.8K
NOI $47,865 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,344 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained duplex with two units, fenced yards, off-street parking, and a new 2024 roof.
Where is this duplex located?
The property is located at 498-500 Main Street Hingham, MA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Side‑by‑side two‑family duplex on Main Street with two separate units; 500 Main Street side: 3 bedrooms, 2 baths, plus access to an oversized 2‑car garage; 498 Main Street side: 2 bedrooms, 2 baths
