Duplex with Inground
For Sale
$749,900
Pending
59 South Street, Easton, MA 02375
MULTI_FAMILY - Easton, MA
Property Size2,389 SF
Lot Size2.60 Acres
Days on Market56
Property Features for 59 South Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
2 Family
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 4
Parking
12
Directions
Take Foundary Street to South Street
Standard status
Pending
APN
2808203
Size
2,389 SF
Lot size
2.60 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6637
Amenities
Trex deck
inground pool
cabana
storage shed
Building Details
Year built
1920
Floors in Building
3
Number of units
2
Listing Agency:
Keller Williams Realty
(508) 238-5000
Listed By:
Scott Morris
(508) 238-5000
Added: Jun 16
Changed: Aug 1
Last Checked: Aug 10 at 9:06PM
MLS# 73536775
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.
Duplex offering two homes on 2.6 acres, built in 1920 and totaling 2,389 SF. The owner’s unit is larger than the rental unit and includes a Trex deck overlooking an inground pool, cabana, and expansive backyard. Both units feature updated kitchens and baths, and the property has been freshly painted with updated heat, electrical, and roof. The two units have separate utilities and come with parking for 12+ vehicles, plus a storage shed.
The property is being connected to the town sewer prior to closing. The layout supports owner-occupancy while also offering rental income potential, with the home delivered vacant at closing.
Zoning is listed as “2 Family,” aligning with the duplex use.
The property is being connected to the town sewer prior to closing. The layout supports owner-occupancy while also offering rental income potential, with the home delivered vacant at closing.
Zoning is listed as “2 Family,” aligning with the duplex use.
Key Highlights
- 2.6‑acre duplex property built in 1920 totaling 2,389 SF
- Owner’s unit larger than rental unit with Trex deck overlooking inground pool and cabana
- Updated kitchens and baths in both units, plus freshly painted interiors
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
$42,694
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
5.69%
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%
$853,880
$853.9K
Cap Rate 7%
$609,914
$609.9K
Cap Rate 9%
$474,378
$474.4K
Market Conditions
NOI Build-Up for 2,389 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
$65.9K $27.60/SF
− Vacancy
−$4.9K −$2.07/SF
EGI
$61.0K $25.53/SF
− OpEx
−$18.3K −$7.66/SF
NOI
$42.7K $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 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%
$853,880
Cap Rate 7%
$609,914
Cap Rate 9%
$474,378
Alternative Uses
Best Use
Multifamily LT 5
$609.9K
$533.7K – $711.6K
NOI $42,694 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$566.8K
$496.0K – $661.3K
NOI $39,677 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$1.45M
$1.27M – $1.70M
NOI $101,840 @ 7.0% cap · market cap 13.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Explore this area
Business Placement
Demographics for 02375, MA
10,373
Population
4,682
Households
2.2
Avg Household Size
44
Median Age
50%
College-Educated
97%
High-School Grad
13.8 sq mi
ZIP Area
752
Density / Sq Mi
$117,717
Median Household Income
$72,166
Median Earnings
$2,080
Median Rent
$492,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with updated kitchens and baths, separate utilities, and a Trex deck overlooking an inground pool and cabana.
Where is this duplex located?
The property is located at 59 South Street Easton, MA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 2.6‑acre duplex property built in 1920 totaling 2,389 SF; Owner’s unit larger than rental unit with Trex deck overlooking inground pool and cabana; Updated kitchens and baths in both units, plus freshly painted interiors
