Three-Unit Multifamily
67 Wales Street, Taunton, MA 02780
For Sale
New
$869,000
The second-floor apartment is vacant and features an updated kitchen and bathroom.
Property Size2,922 SF
Price / SF$297.40
Days on Market3
Property Features for 67 Wales Street
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Additional Details
Multifamily Units
Amenities
patio
coin-operated washer and dryer
basement storage area
detached garage
off-street parking
Building Details
Year Built
Listing Agency:
HomeSmart First Class Realty
Listed By:
The Perry Team
(774) 313-0848
Source:
Miketoomeyrealestate
Added: Nov 7
Changed: Nov 8
Last Checked: Nov 8 at 6:11AM
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 HomeSmart First Class Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-unit property contains 2,922 square feet across apartments with distinct layouts. The first- and second-floor units include double parlors, while the third-floor apartment has a recently renovated kitchen, newer electric baseboard heat, and ample storage. The second-floor unit is vacant and has an updated kitchen with shaker cabinetry, granite counters, backsplash, and recessed lighting, along with a renovated bathroom featuring a walk-in shower. The first-floor apartment offers scope for cosmetic improvements. Each unit has a dedicated basement storage area; a coin-operated washer and dryer is also on site.
Exterior and building features include a large yard with a patio, an oversized detached garage, and off-street parking. Improvements include updated electrical with a common panel, a newer roof, and two water heaters installed in 2023. The property was built in 1890 and is near Davol Park, which has pickleball courts, a trail, a workout area, and a dog park.
Exterior and building features include a large yard with a patio, an oversized detached garage, and off-street parking. Improvements include updated electrical with a common panel, a newer roof, and two water heaters installed in 2023. The property was built in 1890 and is near Davol Park, which has pickleball courts, a trail, a workout area, and a dog park.
Key Highlights
- Three apartments totaling 2,922 square feet
- Second‑floor unit will be vacant and has an updated kitchen and walk‑in shower
- Double parlors in the first- and second‑floor units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,219
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,044,380
$1.0M
Cap Rate 7%
$745,986
$746.0K
Cap Rate 9%
$580,211
$580.2K
Market Conditions
NOI Build-Up for 2,922 SF
Gross rent
$80.6K $27.60/SF
− Vacancy
−$6.0K −$2.07/SF
EGI
$74.6K $25.53/SF
− OpEx
−$22.4K −$7.66/SF
NOI
$52.2K $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%
$1,044,380
Cap Rate 7%
$745,986
Cap Rate 9%
$580,211
Alternative Uses
Best Use
Multifamily LT 5
$746.0K
$652.7K – $870.3K
NOI $52,219 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$693.3K
$606.6K – $808.8K
NOI $48,529 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,561 @ 7.0% cap · market cap 14.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
554
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
$377,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Triplexes in Bristol County, MA
Properties on Market for Triplexes in Bristol County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The second-floor apartment is vacant and features an updated kitchen and bathroom.
Where is this triplex located?
The property is located at 67 Wales Street Taunton, MA.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: Three apartments totaling 2,922 square feet; Second‑floor unit will be vacant and has an updated kitchen and walk‑in shower; Double parlors in the first- and second‑floor units
