Triplex with Separate
For Sale
$1,149,900
5 Highland Avenue, Plainville, MA 02762
Residential Income, Plainville, MA
Property Size3,313 SF
Lot Size0.28 Acres
Price / SF$347.09
Days on Market52
Property Features for 5 Highland Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
res
Bedrooms
7
Bathrooms
5
Full bathrooms
4
Half bathrooms
2
Rooms
Bathroom 4, Bedroom 6, Bedroom 7, Bedroom 5, Bathroom 2, Bathroom 6, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 3, Bathroom 5, Bedroom 3, Bedroom 2
Parking
8
Fireplace
1
Elementary school
Jackson/Wood
Middle school
King Philip Middle
High school
King Philip Hs
Directions
Rt. 106 to Highland Avenue.
Standard status
Active
APN
169140
Size
3,313 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10337
Amenities
dedicated parking
private outdoor space
in-unit washer and dryer hookups
Building Details
Year built
1950
Floors in Building
4
Number of units
3
Listing Agency:
Keller Williams Elite · Keller Williams Realty
(508) 695-4545
Added: Aug 6
Changed: Sep 12
Last Checked: Sep 26 at 2:06AM
MLS# 73560433
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This residential income property comprises a two-family home and a separate townhouse, totaling 3,313 square feet across three units. Unit A is the original residence with three bedrooms, one and one-half bathrooms, a remodeled kitchen with pantry, and an open family and dining area. Unit B, completed two years ago, contains 1,552 square feet with two bedrooms and two and one-half bathrooms. Unit C was also completed two years ago and offers two bedrooms and one and one-half bathrooms. Unit A will be delivered vacant, while all residences include dedicated parking, private outdoor space, and in-unit washer and dryer hookups.
Built in 1950, the property occupies 0.2801 acres in Plainville, Massachusetts, and carries residential zoning. Its downtown setting provides access to local restaurants, shops, community amenities, and the Unlikely Story bookstore.
Built in 1950, the property occupies 0.2801 acres in Plainville, Massachusetts, and carries residential zoning. Its downtown setting provides access to local restaurants, shops, community amenities, and the Unlikely Story bookstore.
Key Highlights
- Three‑unit property with a two‑family home and separate townhouse
- 3,313 square feet of combined living space on 0.2801 acres
- Unit A delivered vacant with 3 bedrooms and a remodeled kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,347
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,186,940
$1.2M
Cap Rate 7%
$847,814
$847.8K
Cap Rate 9%
$659,411
$659.4K
Market Conditions
NOI Build-Up for 3,313 SF
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.
Gross rent
$89.5K $27.00/SF
− Vacancy
−$4.7K −$1.41/SF
EGI
$84.8K $25.59/SF
− OpEx
−$25.4K −$7.68/SF
NOI
$59.3K $17.91/SF
Area
Norfolk County, MA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,186,940
Cap Rate 7%
$847,814
Cap Rate 9%
$659,411
Alternative Uses
Best Use
Multifamily LT 5
$847.8K
$741.8K – $989.1K
NOI $59,347 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$782.2K
$684.5K – $912.6K
NOI $54,757 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,290 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
Explore this area
Business Placement
Demographics for 02762, MA
9,945
Population
4,416
Households
2.3
Avg Household Size
43
Median Age
43%
College-Educated
95%
High-School Grad
11.0 sq mi
ZIP Area
904
Density / Sq Mi
$95,625
Median Household Income
$56,133
Median Earnings
$1,901
Median Rent
$461,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residences provide private outdoor areas, dedicated parking, and washer-dryer hookups for occupants.
Where is this triplex located?
The property is located at 5 Highland Avenue Plainville, MA.
What is the asking price?
The asking price for this property is $1,149,900.
What are key features of this property?
This property features: Three‑unit property with a two‑family home and separate townhouse; 3,313 square feet of combined living space on 0.2801 acres; Unit A delivered vacant with 3 bedrooms and a remodeled kitchen
