Multifamily Property with Attached
66 School Street Taunton, MA 02780
For Sale
$919,900
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$261.34
Days on Market59
Property Features for 66 School Street
General Information
Standard status
Active
Size
3,520 SF
Property subtype
Multi-family
Building Details
Year Built
1900
Listing Agency:
Redlon Realty LLC
Listed By:
Adam Walorz
(508) 287-2695
Source:
Demakis
Added: May 30
Changed: Jul 22
Last Checked: Jul 26 at 11:15PM
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $114.0k | $32.40 |
| − Vacancy | −$7.8k | −$2.20 |
| EGI | $106.3k | $30.20 |
| − OpEx | −$47.8k | −$13.59 |
| NOI | $58.5k | $16.61 |
3,520 SF · lease $32.40/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$835.2K
$730.8K – $974.4K
NOI $58,461 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.88M – $2.50M
NOI $150,053 @ 7.0% cap · market cap 16.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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 $919,900.
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.
