Two-Family Home with Storage
517 Mattakeesett St, Pembroke, MA 02359
For Sale
New
$849,900
Separate utility and heating systems serve both residences and the detached vehicle storage building.
Property Size3,419 SF
Price / SF$248.58
Days on Market5
Property Features for 517 Mattakeesett St
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Nicholas Blais, Lock And Key Realty Inc
Listed By:
Home and Key Real Estate
(508) 817-4284
Source:
Bristolcountyhomesforsale
Added: Nov 3
Changed: Nov 6
Last Checked: Nov 6 at 8:00AM
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 Nicholas Blais, Lock And Key Realty Inc
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Investment Insights
Based on property information with market context.
This two-family property contains 3,419 square feet across two distinct apartments. The larger residence spans three levels, with three bedrooms and three full baths, an eat-in kitchen and laundry area, living and dining rooms, and a main suite. Its upper level adds a bedroom, sitting room, and full bath. The other apartment has two bedrooms, an eat-in kitchen, a living room, and a full bath. A covered deck serves the larger unit.
A separate heated metal building has oversized doors and its own entrance; it is currently used for vehicle storage. Each apartment and the storage building has independent utilities and heating. Updates include five mini-splits, a gas heating system, a full roof replacement, cedar-impression vinyl shingles, and replacement of most windows. The property was built in 1877 and occupies a corner lot with more than an acre and a half of outdoor area. It is near shopping, restaurants, schools, a community center, and the highway.
A separate heated metal building has oversized doors and its own entrance; it is currently used for vehicle storage. Each apartment and the storage building has independent utilities and heating. Updates include five mini-splits, a gas heating system, a full roof replacement, cedar-impression vinyl shingles, and replacement of most windows. The property was built in 1877 and occupies a corner lot with more than an acre and a half of outdoor area. It is near shopping, restaurants, schools, a community center, and the highway.
Key Highlights
- Two apartments with a combined 5 bedrooms and 4 full baths
- Larger unit offers three levels, including a main suite and covered deck
- Heated metal storage building with separate entrance and oversized doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,782
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,155,640
$1.2M
Cap Rate 7%
$825,457
$825.5K
Cap Rate 9%
$642,022
$642.0K
Market Conditions
NOI Build-Up for 3,419 SF
Gross rent
$87.2K $25.50/SF
− Vacancy
−$4.6K −$1.36/SF
EGI
$82.5K $24.14/SF
− OpEx
−$24.8K −$7.24/SF
NOI
$57.8K $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%
$1,155,640
Cap Rate 7%
$825,457
Cap Rate 9%
$642,022
Alternative Uses
Best Use
Multifamily LT 5
$825.5K
$722.3K – $963.0K
NOI $57,782 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$760.8K
$665.7K – $887.6K
NOI $53,254 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,682 @ 7.0% cap · market cap 16.67%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
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Business Placement
Demographics for 02359, MA
18,361
Population
7,173
Households
2.6
Avg Household Size
43
Median Age
46%
College-Educated
97%
High-School Grad
21.8 sq mi
ZIP Area
842
Density / Sq Mi
$141,332
Median Household Income
$69,860
Median Earnings
$2,413
Median Rent
$550,300
Median Home Value
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Market
Average Price Trend$/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 - Separate utility and heating systems serve both residences and the detached vehicle storage building.
Where is this duplex located?
The property is located at 517 Mattakeesett St Pembroke, MA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Two apartments with a combined 5 bedrooms and 4 full baths; Larger unit offers three levels, including a main suite and covered deck; Heated metal storage building with separate entrance and oversized doors
