Duplex with Mini-Split
For Sale
$625,000
600 Market Street, Rockland, MA 02370
One unit is vacant, while the second is occupied by tenants at will.
Property Size2,091 SF
Price / SF$298.90
Days on Market79
Property Features for 600 Market Street
General Information
Standard status
Active
Size
2,091 SF
Property subtype
Multi-family
Building Details
Year Built
1920
Listing Agency:
Shore Real Estate LLC
Listed By:
Dream Team
(617) 544-2808
Source:
Miketoomeyrealestate
Added: Jul 31
Changed: Oct 16
Last Checked: Oct 16 at 8:55AM
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 Shore Real Estate LLC
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Investment Insights
Based on property information with market context.
This 2,091-square-foot duplex, built in 1920, includes two residential units with differing occupancy and improvement profiles. The vacant unit has new mini-split systems, updated electrical work, new flooring, and a new kitchen. The property is positioned for completion and further improvement by a buyer.
The second unit is occupied by tenants at will, and those tenants are expected to remain with the property. Located at 600 Market Street in Rockland, the duplex is near the Hanover line.
The second unit is occupied by tenants at will, and those tenants are expected to remain with the property. Located at 600 Market Street in Rockland, the duplex is near the Hanover line.
Key Highlights
- 2,091‑square‑foot duplex built in 1920
- Vacant unit includes new mini‑split systems and updated electrical
- Vacant unit has new flooring and a new kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,339
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$706,780
$706.8K
Cap Rate 7%
$504,843
$504.8K
Cap Rate 9%
$392,656
$392.7K
Market Conditions
NOI Build-Up for 2,091 SF
Gross rent
$53.3K $25.50/SF
− Vacancy
−$2.8K −$1.36/SF
EGI
$50.5K $24.14/SF
− OpEx
−$15.1K −$7.24/SF
NOI
$35.3K $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 Rate 5%
$706,780
Cap Rate 7%
$504,843
Cap Rate 9%
$392,656
Alternative Uses
Best Use
Multifamily LT 5
$504.8K
$441.7K – $589.0K
NOI $35,339 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$465.3K
$407.1K – $542.8K
NOI $32,569 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,651 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Explore this area
Business Placement
Demographics for 02370, MA
17,803
Population
7,046
Households
2.5
Avg Household Size
43
Median Age
34%
College-Educated
96%
High-School Grad
10.0 sq mi
ZIP Area
1,780
Density / Sq Mi
$101,475
Median Household Income
$59,489
Median Earnings
$1,497
Median Rent
$452,300
Median Home Value
Check the figures for this property
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 - One unit is vacant, while the second is occupied by tenants at will.
Where is this duplex located?
The property is located at 600 Market Street Rockland, MA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2,091‑square‑foot duplex built in 1920; Vacant unit includes new mini‑split systems and updated electrical; Vacant unit has new flooring and a new kitchen
