Renovated Two-Family
For Sale
$1,995,000
54 Canterbury St, Hingham, MA 02043
Two residences provide updated interiors, separate layouts, and private outdoor areas.
Property Size4,370 SF
Price / SF$456.52
Days on Market19
Property Features for 54 Canterbury St
General Information
Standard status
Active
Size
4,370 SF
Property subtype
Multi-Family
Units
Unit Mix
2BR/2.5BA, 4BR/2.5BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Compass
Listed By:
Benjamin Lincoln
Source:
Lawanaandcompany
Added: Aug 14
Changed: Aug 29
Last Checked: Aug 30 at 8:02PM
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 Compass
Investment Insights
Based on property information with market context.
Located at 54 Canterbury Street in Hingham, this 4,370-square-foot duplex contains two separate residences within a building constructed in 1900. The first-floor unit includes 2 bedrooms, 2 en-suite bathrooms, a half bathroom, renovated interiors, and private outdoor space. The upper residence occupies the second and third floors and offers 4 bedrooms, 2.5 bathrooms, generous living areas, and its own outdoor area.
Both units have been renovated with updated finishes and functional floor plans. The property is served by town sewer and natural gas. The configuration supports continued use as a two-family property, while the residences may also offer condominium ownership flexibility as individual units.
Both units have been renovated with updated finishes and functional floor plans. The property is served by town sewer and natural gas. The configuration supports continued use as a two-family property, while the residences may also offer condominium ownership flexibility as individual units.
Key Highlights
- 4,370‑square‑foot duplex at 54 Canterbury Street, Hingham
- First‑floor residence with 2 bedrooms, 2 en‑suite baths, and 1 half bath
- Second residence spans the second and third floors with 4 bedrooms and 2.5 baths
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
$73,855
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
3.70%
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%
$1,477,100
$1.5M
Cap Rate 7%
$1,055,071
$1.1M
Cap Rate 9%
$820,611
$820.6K
Market Conditions
NOI Build-Up for 4,370 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
$111.4K $25.50/SF
− Vacancy
−$5.9K −$1.36/SF
EGI
$105.5K $24.14/SF
− OpEx
−$31.7K −$7.24/SF
NOI
$73.9K $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 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%
$1,477,100
Cap Rate 7%
$1,055,071
Cap Rate 9%
$820,611
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$923.2K – $1.23M
NOI $73,855 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$972.4K
$850.8K – $1.13M
NOI $68,067 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$2.59M
$2.26M – $3.02M
NOI $181,092 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Explore this area
Business Placement
Demographics for 02043, MA
24,272
Population
10,059
Households
2.4
Avg Household Size
45
Median Age
75%
College-Educated
98%
High-School Grad
22.2 sq mi
ZIP Area
1,093
Density / Sq Mi
$181,017
Median Household Income
$103,897
Median Earnings
$2,452
Median Rent
$1,075,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide updated interiors, separate layouts, and private outdoor areas.
Where is this duplex located?
The property is located at 54 Canterbury St Hingham, MA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 4,370‑square‑foot duplex at 54 Canterbury Street, Hingham; First‑floor residence with 2 bedrooms, 2 en‑suite baths, and 1 half bath; Second residence spans the second and third floors with 4 bedrooms and 2.5 baths
