Three-Story Multifamily with
For Sale
Contact for pricing
Pending
6 Exeter Street, Taunton, MA 02780
Six-unit apartment building with off-street parking, a three-bay garage, and recent driveway improvements on a 9,583 sq.-ft. site.
Property Size4,440 SF
Lot Size0.22 Acres
Days on Market52
Property Features for 6 Exeter Street
General Information
Standard status
Pending
Size
4,440 SF
Total Parking Spaces
6
Lot size
0.22 Acres
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$72,956
Additional Details
Multifamily Units
6
Building Details
Year Built
1900
Buildings
1
Stories
3
Units
6
Tenancy
Multi
Listing Agency:
United Multi Family Corporation
(617) 529-1141
Listed By:
Richard Cawley · License #MA 134301
Source:
Crexi
Added: Jun 22
Changed: Aug 8
Last Checked: Jul 24 at 10:41AM
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 United Multi Family Corporation
Investment Insights
Based on property information with market context.
This three-story, vinyl-sided apartment building was constructed in 1900 and contains 6 units totaling 4,440 rentable square feet. The unit mix is 3 two-bedroom apartments and 3 one-bedroom apartments. The property includes off-street parking for 6 cars and a 3-bay garage that generates additional income. The building is described as well-maintained, with a recent new asphalt driveway installed less than a year ago. According to the owner, the units underwent various renovations over the past 10 years.
The apartments are located at 6, 8, and 10 Exeter Street in Taunton, Massachusetts, on a 9,583 square foot site. The neighborhood is characterized by a mix of single-family homes, multifamily properties, and neighborhood-serving businesses. The area provides convenient access to downtown Taunton, local employment centers, retail amenities, schools, and public services.
For investors or buyers seeking a small multifamily asset, this property offers a straightforward 1- and 2-bedroom configuration within one building. The combination of off-street parking and an income-producing garage can support day-to-day resident needs and diversify potential revenue streams. Recent exterior site work and documented unit renovations over the past decade may appeal to operators planning continued upkeep and tenant turnover.
The apartments are located at 6, 8, and 10 Exeter Street in Taunton, Massachusetts, on a 9,583 square foot site. The neighborhood is characterized by a mix of single-family homes, multifamily properties, and neighborhood-serving businesses. The area provides convenient access to downtown Taunton, local employment centers, retail amenities, schools, and public services.
For investors or buyers seeking a small multifamily asset, this property offers a straightforward 1- and 2-bedroom configuration within one building. The combination of off-street parking and an income-producing garage can support day-to-day resident needs and diversify potential revenue streams. Recent exterior site work and documented unit renovations over the past decade may appeal to operators planning continued upkeep and tenant turnover.
Key Highlights
- 6‑unit multifamily building at 6‑8‑10 Exeter Street with 3 one‑bedroom units and 3 two‑bedroom units
- Built in 1900; three‑story vinyl‑sided structure with 4,440 rentable SF total
- Set on a 9,583 sq‑ft site with off‑street parking for 6 cars
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
$73,741
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
7.41%
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%
$1,474,820
$1.5M
Cap Rate 7%
$1,053,443
$1.1M
Cap Rate 9%
$819,344
$819.3K
Market Conditions
NOI Build-Up for 4,440 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
$143.9K $32.40/SF
− Vacancy
−$9.8K −$2.20/SF
EGI
$134.1K $30.20/SF
− OpEx
−$60.3K −$13.59/SF
NOI
$73.7K $16.61/SF
Area
Bristol County, MA
Vacancy
6.80%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
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%
$1,474,820
Cap Rate 7%
$1,053,443
Cap Rate 9%
$819,344
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$921.8K – $1.23M
NOI $73,741 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.70M
$2.37M – $3.15M
NOI $189,272 @ 7.0% cap · market cap 19.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
Explore this area
Business Placement
Demographics for 02780, MA
52,299
Population
22,454
Households
2.3
Avg Household Size
41
Median Age
24%
College-Educated
85%
High-School Grad
33.1 sq mi
ZIP Area
1,580
Density / Sq Mi
$75,054
Median Household Income
$48,454
Median Earnings
$1,257
Median Rent
$377,800
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?
Apartment building - Six-unit apartment building with off-street parking, a three-bay garage, and recent driveway improvements on a 9,583 sq.-ft. site.
Where is this apartment building located?
The property is located at 6 Exeter Street Taunton, MA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 6‑unit multifamily building at 6‑8‑10 Exeter Street with 3 one‑bedroom units and 3 two‑bedroom units; Built in 1900; three‑story vinyl‑sided structure with 4,440 rentable SF total; Set on a 9,583 sq‑ft site with off‑street parking for 6 cars
