Multifamily Property with Attached
For Sale
$859,900
66 School Street, Taunton, MA 02780
Updated 5-unit multifamily includes 10+ off-street parking spaces and an attached two-level barn with additional usable space.
Property Size3,520 SF
Price / SF$244.29
Days on Market97
Property Features for 66 School Street
General Information
Standard status
Active
Size
3,520 SF
Total Parking Spaces
10
Property subtype
Multi-family
Additional Details
Multifamily Units
5
Amenities
Granite Countertops
White Shaker Cabinets
In-Unit Laundry
Stainless Steel Appliances
Green Yard
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Redlon Realty LLC
Listed By:
Adam Walorz
(508) 287-2695
Source:
Demakis
Added: Jun 4
Changed: Sep 7
Last Checked: Sep 7 at 11:50AM
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 Redlon Realty LLC
Investment Insights
Based on property information with market context.
This multifamily property offers five residential units with a total of 6 bedrooms and 6 bathrooms, including (3) 1 bed/1 bath apartments (one townhouse-style), (1) 1 bed/1.5 bath apartment, and (1) 2 bed/1 bath apartment. The seller notes that 3 of the 5 units are completely updated, with in-unit laundry and updated finishes such as granite countertops, white shaker cabinetry, and stainless steel appliances. The exterior is described as fully vinyl sided and low maintenance, with a green yard setting.
The property also includes an attached barn with two levels, described as nearly 3,000 square feet on its own, with approximately 6,500+ total usable space cited for the combined buildings. Off-street parking is described as accommodating 10+ cars. Located at 66 School Street, Taunton, the remarks state it is about 30 seconds from Taunton Green and walkable to shopping and dining.
The property also includes an attached barn with two levels, described as nearly 3,000 square feet on its own, with approximately 6,500+ total usable space cited for the combined buildings. Off-street parking is described as accommodating 10+ cars. Located at 66 School Street, Taunton, the remarks state it is about 30 seconds from Taunton Green and walkable to shopping and dining.
Key Highlights
- Updated 5‑unit multifamily with 6 total bedrooms and 6 total bathrooms (3x 1Bed/1Bath, 1x 1Bed/1.5Bath, 1x 2Bed/1Bath).
- 3,500+ SF main building with an attached nearly 3,000 SF two‑level barn (6,500+/- SF total usable space).
- 10+ off‑street parking spaces plus green yard area.
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
$58,461
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
6.80%
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%
$1,169,220
$1.2M
Cap Rate 7%
$835,157
$835.2K
Cap Rate 9%
$649,567
$649.6K
Market Conditions
NOI Build-Up for 3,520 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
$114.0K $32.40/SF
− Vacancy
−$7.8K −$2.20/SF
EGI
$106.3K $30.20/SF
− OpEx
−$47.8K −$13.59/SF
NOI
$58.5K $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%
$1,169,220
Cap Rate 7%
$835,157
Cap Rate 9%
$649,567
Alternative Uses
Best Use
Apartment 5plus
$835.2K
$730.8K – $974.4K
NOI $58,461 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.88M – $2.50M
NOI $150,053 @ 7.0% cap · market cap 17.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,479
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 - Updated 5-unit multifamily includes 10+ off-street parking spaces and an attached two-level barn with additional usable space.
Where is this apartment building located?
The property is located at 66 School Street Taunton, MA.
What is the asking price?
The asking price for this property is $859,900.
What are key features of this property?
This property features: Updated 5‑unit multifamily with 6 total bedrooms and 6 total bathrooms (3x 1Bed/1Bath, 1x 1Bed/1.5Bath, 1x 2Bed/1Bath).; 3,500+ SF main building with an attached nearly 3,000 SF two‑level barn (6,500+/- SF total usable space).; 10+ off‑street parking spaces plus green yard area.
