Two-Unit
New
For Sale
$589,900
562 Newport Avenue, Attleboro, MA 02703
Two-story property with separately metered gas and electric service for each residence.
Property Size2,164 SF
Lot Size0.27 Acres
Price / SF$272.60
Days on Market6
Property Features for 562 Newport Avenue
General Information
Standard status
Active
Size
2,164 SF
Lot size
0.27 Acres
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1910
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
New World Realty
Listed By:
Koury Signoriello Realtor Group
(774) 991-2579
Source:
Trufantre
Added: Oct 11
Changed: Oct 15
Last Checked: Oct 14 at 10:18PM
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 New World Realty
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Investment Insights
Based on property information with market context.
Built in 1910, this two-story duplex contains 2,164 square feet across two residences. Each unit has two bedrooms and one full bathroom, with separate gas and electric utilities. Both tenancies are month to month.
The property occupies an 11,580-square-foot lot with parking for both units. It is near I-95 and the train station.
The property occupies an 11,580-square-foot lot with parking for both units. It is near I-95 and the train station.
Key Highlights
- 2,164 square feet in a two‑story duplex built in 1910
- Two units, each with 2 bedrooms and 1 full bathroom
- Separate gas and electric utilities for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,673
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$773,460
$773.5K
Cap Rate 7%
$552,471
$552.5K
Cap Rate 9%
$429,700
$429.7K
Market Conditions
NOI Build-Up for 2,164 SF
Gross rent
$59.7K $27.60/SF
− Vacancy
−$4.5K −$2.07/SF
EGI
$55.2K $25.53/SF
− OpEx
−$16.6K −$7.66/SF
NOI
$38.7K $17.87/SF
Area
Bristol County, MA
Vacancy
7.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$773,460
Cap Rate 7%
$552,471
Cap Rate 9%
$429,700
Alternative Uses
Best Use
Multifamily LT 5
$552.5K
$483.4K – $644.6K
NOI $38,673 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$513.4K
$449.3K – $599.0K
NOI $35,940 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,249 @ 7.0% cap · market cap 15.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Explore this area
Business Placement
Demographics for 02703, MA
46,389
Population
19,014
Households
2.4
Avg Household Size
42
Median Age
34%
College-Educated
90%
High-School Grad
26.8 sq mi
ZIP Area
1,731
Density / Sq Mi
$93,352
Median Household Income
$51,637
Median Earnings
$1,446
Median Rent
$409,400
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-story property with separately metered gas and electric service for each residence.
Where is this duplex located?
The property is located at 562 Newport Avenue Attleboro, MA.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: 2,164 square feet in a two‑story duplex built in 1910; Two units, each with 2 bedrooms and 1 full bathroom; Separate gas and electric utilities for each residence
