Two-Family Duplex with Walk-Up
74 South Street Somerset, MA 02726
74 South Street, Somerset, MA, 02726
$619,000
For Sale
$619,000
Two separate units offer 2 bedrooms and 1 full bath, with hardwood floors and off-street parking.
Property Size3,229 SF
Price / SF$191.70
Days on Market44
Property Features for 74 South Street
General Information
- Standard status
- Active
- Size
- 3,229 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Lamacchia Realty,Inc.
Listed by
Eric Alberto
(401) 245-9600
Source
Residentialproperties
Added: Jun 9 Updated: Jul 22 at 7:37AM Checked: Jul 22 at 7:37AM
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 Lamacchia Realty,Inc.
Investment Insights
Based on property information with market context.
This two-family duplex offers two separate residential units with hardwood floors. The first-floor unit includes 2 bedrooms, 1 full bath, formal living and dining rooms, and a fireplace. The second-floor unit also provides 2 bedrooms and 1 full bath, along with hardwood flooring, a walk-up attic, and flexible living space.
The property is located at 74 South Street in Somerset, Massachusetts. It sits on a generous lot with off-street parking, and utilities include city water, city sewer, and natural gas. The area offers proximity to Somerset Marina, Pierce Beach, and the Taunton River waterfront, along with shopping, dining, public transportation, and major commuter routes.
Overall, the configuration is well-suited for occupancy by an owner-occupant and for rental use given the separate unit layouts and the additional space provided by the walk-up attic.
The property is located at 74 South Street in Somerset, Massachusetts. It sits on a generous lot with off-street parking, and utilities include city water, city sewer, and natural gas. The area offers proximity to Somerset Marina, Pierce Beach, and the Taunton River waterfront, along with shopping, dining, public transportation, and major commuter routes.
Overall, the configuration is well-suited for occupancy by an owner-occupant and for rental use given the separate unit layouts and the additional space provided by the walk-up attic.
Key Highlights
- Two‑family property built in 1900 with over 3,200 SF across two units
- Each unit features 2 bedrooms and 1 full bath with hardwood floors
- First‑floor unit includes formal living and dining rooms and a fireplace
Local 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 | $104.6k | $32.40 |
| − Vacancy | −$7.1k | −$2.20 |
| EGI | $97.5k | $30.20 |
| − OpEx | −$43.9k | −$13.59 |
| NOI | $53.6k | $16.61 |
3,229 SF · lease $32.40/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$824.4K
$721.3K – $961.8K
NOI $57,705 @ 7.0% cap · market cap 9.32%
Second Best
Apartment 5plus
$766.1K
$670.4K – $893.8K
NOI $53,628 @ 7.0% cap · market cap 8.66%
Theoretical Best
Office A
$1.97M
$1.72M – $2.29M
NOI $137,648 @ 7.0% cap · market cap 22.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate units offer 2 bedrooms and 1 full bath, with hardwood floors and off-street parking.
Where is this duplex located?
The property is located at 74 South Street Somerset, MA.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Two‑family property built in 1900 with over 3,200 SF across two units; Each unit features 2 bedrooms and 1 full bath with hardwood floors; First‑floor unit includes formal living and dining rooms and a fireplace
