Two-Unit Duplex with
66-68 Reed St, Rockland, MA 02370
For Sale
$699,000
Pending
Both residences are expected to be vacant at delivery, with a full walk-out basement providing laundry and storage space.
Property Size2,406 SF
Days on Market8
Property Features for 66-68 Reed St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
front porch
laundry
Ceiling Fan(s)
Pantry
Storage
Living Room
Dining Room
Kitchen
Laundry Room
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
William Raveis R.E. & Home Services
(781) 331-3900
Listed By:
Ann Marie Baker · License MA #455014088
(617) 529-0310
Source:
Condonrealty
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 12 at 2:37PM
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 William Raveis R.E. & Home Services
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,406-square-foot duplex contains two residences, each with three bedrooms, an eat-in kitchen with pantry, a separate dining room and a living room. Hardwood floors and a front porch are included in each unit. The full basement has walk-out access, laundry and storage space. The property was built in 1900, and the oversized lot accommodates ample parking. Both units are to be delivered vacant.
At 66-68 Reed St in Rockland, the property is outside the town center and near Rockland High School. Route 3, Route 18, Derby Street Shops, Hanover Crossing and South Shore Hospital are a short drive away, with restaurants, retail and daily services also nearby. The water heater is 3 years old, and the roof is approximately 12 years old.
At 66-68 Reed St in Rockland, the property is outside the town center and near Rockland High School. Route 3, Route 18, Derby Street Shops, Hanover Crossing and South Shore Hospital are a short drive away, with restaurants, retail and daily services also nearby. The water heater is 3 years old, and the roof is approximately 12 years old.
Key Highlights
- Two residences, each with three bedrooms
- 2,406 square feet in a duplex built in 1900
- Separate dining room, eat‑in kitchen with pantry and living room in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,662
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$813,240
$813.2K
Cap Rate 7%
$580,886
$580.9K
Cap Rate 9%
$451,800
$451.8K
Market Conditions
NOI Build-Up for 2,406 SF
Gross rent
$61.4K $25.50/SF
− Vacancy
−$3.3K −$1.36/SF
EGI
$58.1K $24.14/SF
− OpEx
−$17.4K −$7.24/SF
NOI
$40.7K $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%
$813,240
Cap Rate 7%
$580,886
Cap Rate 9%
$451,800
Alternative Uses
Best Use
Multifamily LT 5
$580.9K
$508.3K – $677.7K
NOI $40,662 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$535.4K
$468.5K – $624.6K
NOI $37,476 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$1.42M
$1.25M – $1.66M
NOI $99,704 @ 7.0% cap · market cap 14.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
657
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
$452,300
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Plymouth County, MA
Properties on Market for Duplexes in Plymouth County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are expected to be vacant at delivery, with a full walk-out basement providing laundry and storage space.
Where is this duplex located?
The property is located at 66-68 Reed St Rockland, MA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two residences, each with three bedrooms; 2,406 square feet in a duplex built in 1900; Separate dining room, eat‑in kitchen with pantry and living room in each unit
