Ranch Duplex with Finished Lower
588 Newport Ave Attleboro, MA 02703
For Sale
$639,000
Pending
Well-maintained ranch-style duplex with updated kitchens and baths, plus finished lower levels and private storage for each unit.
Property Size1,572 SF
Days on Market21
Property Features for 588 Newport Ave
General Information
Standard status
Pending
Size
1,572 SF
Property subtype
2 Family - 2 Units Side by Side
Building Details
Year Built
1964
Listing Agency:
RE/MAX River's Edge
(508) 942-8567
Listed By:
Jeanne Derham · License #9010291
(508) 942-8567
Source:
Iverty
Added: Jul 10
Changed: Jul 26
Last Checked: Jul 26 at 2:22PM
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 RE/MAX River's Edge
Investment Insights
Based on property information with market context.
Come take a look at this well-maintained ranch-style duplex in Attleboro, MA. Each unit features updated kitchens and bathrooms with tile/granite finishes, along with an open wall concept from the kitchen to the living room. Both units offer two well-sized bedrooms and additional finished lower-level space of approximately 350+ square feet. Each unit also includes an equal-sized private storage area with utilities/laundry and a bulkhead.
Additional comfort and convenience come from individual heat and central air systems for each unit. Outside, the property sits on a generous 9,025 square-foot lot with a private fenced backyard sized for parking up to four vehicles. The yard also includes a covered patio/parking area, two large sheds, and a front and back grassed area serviced by an irrigation system.
Additional comfort and convenience come from individual heat and central air systems for each unit. Outside, the property sits on a generous 9,025 square-foot lot with a private fenced backyard sized for parking up to four vehicles. The yard also includes a covered patio/parking area, two large sheds, and a front and back grassed area serviced by an irrigation system.
Key Highlights
- 1964‑built ranch‑style duplex with updated kitchens and bathrooms in both units
- Open wall concept from kitchen to living room in each unit
- Each unit features 2 bedrooms plus an additional approx. 350+ SF finished lower level
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 | $43.4k | $27.60 |
| − Vacancy | −$3.3k | −$2.07 |
| EGI | $40.1k | $25.53 |
| − OpEx | −$12.0k | −$7.66 |
| NOI | $28.1k | $17.87 |
1,572 SF · lease $27.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$401.3K
$351.2K – $468.2K
NOI $28,093 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$373.0K
$326.4K – $435.1K
NOI $26,108 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$957.3K
$837.7K – $1.12M
NOI $67,012 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained ranch-style duplex with updated kitchens and baths, plus finished lower levels and private storage for each unit.
Where is this duplex located?
The property is located at 588 Newport Ave Attleboro, MA.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: 1964‑built ranch‑style duplex with updated kitchens and bathrooms in both units; Open wall concept from kitchen to living room in each unit; Each unit features 2 bedrooms plus an additional approx. 350+ SF finished lower level
