Two-Family Duplex with Detached
For Sale
$649,900
Pending
706 Gifford Rd, Westport, MA 02790
MULTI_FAMILY - Westport, MA
Property Size2,892 SF
Lot Size1.23 Acres
Days on Market54
Property Features for 706 Gifford Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 6, Bedroom 5, Bedroom 2, Bedroom 4
Parking
10
Directions
Old County Rd to Gifford
Standard status
Pending
APN
M:33 L:10497A,3992521
Size
2,892 SF
Lot size
1.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4060
Amenities
central air
porch
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams South Watuppa · Keller Williams Realty
(508) 677-3233
Listed By:
Clifford Ponte · License #9554597
(508) 677-3233
Added: Jun 17
Changed: Aug 3
Last Checked: Aug 9 at 11:06AM
MLS# 73537426
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family duplex on 1.23 acres offers two residential units with a total of 6 bedrooms and 2 full bathrooms. The first-floor unit includes an eat-in kitchen, a large living room, and an inviting porch. Both units are equipped with central air for year-round comfort.
The property also includes a detached two-stall garage with a bathroom and office space that was formerly used as a refrigeration company office. The garage could support a variety of everyday uses such as a home office, workshop, storage, or hobby space, with the buyer to perform due diligence regarding potential uses. The home was built in 1900 and is zoned R1. The property is located at 706 Gifford Rd in Westport, MA.
The property also includes a detached two-stall garage with a bathroom and office space that was formerly used as a refrigeration company office. The garage could support a variety of everyday uses such as a home office, workshop, storage, or hobby space, with the buyer to perform due diligence regarding potential uses. The home was built in 1900 and is zoned R1. The property is located at 706 Gifford Rd in Westport, MA.
Key Highlights
- Two‑family duplex with 6 bedrooms and 2 full bathrooms
- 1.23‑acre lot
- Central air provides year‑round comfort for both units
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
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-family duplex on 1.23 acres with central air and a detached two-stall garage featuring a bathroom and office space.
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 duplex with 6 bedrooms and 2 full bathrooms; 1.23‑acre lot; Central air provides year‑round comfort for both units
