Two-Family Home with Detached
For Sale
$649,900
Pending
706 Gifford Rd, Westport, MA 02790
Two separate units with central air, six bedrooms, and a detached two-stall garage with office and bath.
Property Size2,892 SF
Days on Market54
Property Features for 706 Gifford Rd
General Information
Standard status
Pending
Size
2,892 SF
Total Parking Spaces
2
Property subtype
Investment
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,060
Building Details
Building Size
2,892 SF
Year Built
1900
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Keller Williams South Watuppa
(774) 245-1104
Listed By:
Cindy Ferry · License #9067567
(774) 245-1104
Source:
Elliman
Added: Jun 19
Changed: Aug 8
Last Checked: Jul 23 at 11:10AM
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 Keller Williams South Watuppa
Investment Insights
Based on property information with market context.
This two-family home offers two comfortable living units with central air and a total of six bedrooms and two full baths. The first-floor unit includes a spacious eat-in kitchen, a large living room, and an inviting porch. The property also features a detached two-stall garage that includes its own bathroom and office space. The garage has been used as part of a refrigeration company’s office, and could support a home business, workshop, storage, or hobby use, subject to buyer due diligence.
Located at 706 Gifford Rd in Westport, the home is described as set in a serene setting with views over a picturesque farm. The layout supports both owner-occupancy and separate-rent scenarios, with the second unit providing additional independent living space within the property.
For tenants or buyers seeking a flexible residential income setup, this configuration provides two distinct units under one ownership, along with on-site space that can function beyond typical vehicle storage. The detached garage’s included bathroom and office area may be especially useful for work-from-home needs or a dedicated workspace, while the main home’s bedroom and bath count supports a range of living arrangements. Buyer should verify potential uses during due diligence.
Located at 706 Gifford Rd in Westport, the home is described as set in a serene setting with views over a picturesque farm. The layout supports both owner-occupancy and separate-rent scenarios, with the second unit providing additional independent living space within the property.
For tenants or buyers seeking a flexible residential income setup, this configuration provides two distinct units under one ownership, along with on-site space that can function beyond typical vehicle storage. The detached garage’s included bathroom and office area may be especially useful for work-from-home needs or a dedicated workspace, while the main home’s bedroom and bath count supports a range of living arrangements. Buyer should verify potential uses during due diligence.
Key Highlights
- Two‑family home with separate units and central air for year‑round comfort
- Total 6 bedrooms and 2 full baths across the two units
- Detached two‑stall garage includes a bathroom and office space
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
$51,683
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
7.95%
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%
$1,033,660
$1.0M
Cap Rate 7%
$738,329
$738.3K
Cap Rate 9%
$574,256
$574.3K
Market Conditions
NOI Build-Up for 2,892 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
$79.8K $27.60/SF
− Vacancy
−$6.0K −$2.07/SF
EGI
$73.8K $25.53/SF
− OpEx
−$22.1K −$7.66/SF
NOI
$51.7K $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 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%
$1,033,660
Cap Rate 7%
$738,329
Cap Rate 9%
$574,256
Alternative Uses
Best Use
Multifamily LT 5
$738.3K
$646.0K – $861.4K
NOI $51,683 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$686.2K
$600.4K – $800.5K
NOI $48,031 @ 7.0% cap · market cap 7.39%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,282 @ 7.0% cap · market cap 18.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Explore this area
Business Placement
Demographics for 02790, MA
16,458
Population
7,523
Households
2.2
Avg Household Size
50
Median Age
30%
College-Educated
91%
High-School Grad
53.9 sq mi
ZIP Area
305
Density / Sq Mi
$100,617
Median Household Income
$52,188
Median Earnings
$1,313
Median Rent
$476,000
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?
Duplex - Two separate units with central air, six bedrooms, and a detached two-stall garage with office and bath.
Where is this duplex located?
The property is located at 706 Gifford Rd Westport, MA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two‑family home with separate units and central air for year‑round comfort; Total 6 bedrooms and 2 full baths across the two units; Detached two‑stall garage includes a bathroom and office space
