Side-by-Side
New
For Sale
$619,999
655 Gardners Neck Rd, Swansea, MA 02777
One residence is vacant, offering immediate occupancy alongside a second unit in this two-family property.
Property Size1,901 SF
Days on Market6
Property Features for 655 Gardners Neck Rd
General Information
Standard status
Active
Size
1,901 SF
Property subtype
2 Family - 2 Units Side by Side
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,077
Building Details
Building Size
1,901 SF
Year Built
1963
Year Renovated
2022
Listing Agency:
RE/MAX Vantage
Listed By:
Mirelia Furtado · License #9575800
(508) 971-4046
Source:
Allisonmazer
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 24 at 9:57PM
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 Vantage
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Investment Insights
Based on property information with market context.
This side-by-side duplex contains two residences, each with a modern kitchen and living areas. One unit has three bedrooms and is vacant; the other may be occupied or leased. Renovations were completed in 2022. The property was built in 1963 and has 1,901 square feet of property size on more than half an acre, with RR zoning.
The separate layout gives each household its own residence. The property is in Swansea, Massachusetts, near shopping, dining, transportation, schools, major roads, and everyday amenities.
The separate layout gives each household its own residence. The property is in Swansea, Massachusetts, near shopping, dining, transportation, schools, major roads, and everyday amenities.
Key Highlights
- Two side‑by‑side residences
- Vacant unit has 3 bedrooms
- 1,901 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,973
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$679,460
$679.5K
Cap Rate 7%
$485,329
$485.3K
Cap Rate 9%
$377,478
$377.5K
Market Conditions
NOI Build-Up for 1,901 SF
Gross rent
$52.5K $27.60/SF
− Vacancy
−$3.9K −$2.07/SF
EGI
$48.5K $25.53/SF
− OpEx
−$14.6K −$7.66/SF
NOI
$34.0K $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%
$679,460
Cap Rate 7%
$485,329
Cap Rate 9%
$377,478
Alternative Uses
Best Use
Multifamily LT 5
$485.3K
$424.7K – $566.2K
NOI $33,973 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$451.0K
$394.7K – $526.2K
NOI $31,572 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,037 @ 7.0% cap · market cap 13.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
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Business Placement
Demographics for 02777, MA
17,133
Population
6,780
Households
2.5
Avg Household Size
46
Median Age
34%
College-Educated
90%
High-School Grad
22.6 sq mi
ZIP Area
758
Density / Sq Mi
$116,627
Median Household Income
$60,548
Median Earnings
$1,332
Median Rent
$414,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is vacant, offering immediate occupancy alongside a second unit in this two-family property.
Where is this duplex located?
The property is located at 655 Gardners Neck Rd Swansea, MA.
What is the asking price?
The asking price for this property is $619,999.
What are key features of this property?
This property features: Two side‑by‑side residences; Vacant unit has 3 bedrooms; 1,901 square feet of property size
