Renovated Two-Family
For Sale
$735,000
Pending
75 Hammond St, Bridgewater, MA 02324
Renovated two-family with a vacant first-floor unit and a second-floor unit leased through August 2026.
Property Size2,200 SF
Days on Market51
Property Features for 75 Hammond St
General Information
Standard status
Pending
Size
2,200 SF
Total Parking Spaces
8
Property subtype
Multi Family Home
Zoning
res
Taxes and HOA fees
Annual Taxes
$6,812
Building Details
Building Size
2,200 SF
Year Built
1900
Stories
2
Units
2
Listing Agency:
Signature Realty
(413) 505-2891
Listed By:
Armando Roman · License #452512693
(413) 505-2891
Source:
Alliancepartnersre
Added: Jul 12
Changed: Aug 24
Last Checked: Aug 23 at 7:10AM
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 Signature Realty
Investment Insights
Based on property information with market context.
This extensively renovated two-family residence offers two separate units with a total of 2,200+ square feet. The first-floor unit is vacant and move-in ready with four bedrooms, two full baths, including a private bath in the primary bedroom, along with a spacious kitchen and large living area. Flooring includes refinished hardwood floors and luxury vinyl plank flooring. The second-floor unit includes two bedrooms plus a bonus room and is leased through August 2026. A spacious basement with existing partitioned rooms provides options for expansion or storage.
The property also features newer vinyl siding, professional landscaping, and strong curb appeal, along with over eight parking spaces for tenants and guests. It is located approximately five minutes from Bridgewater State University.
Both units are part of a clean, well-maintained income-producing property with updates and flexibility for owner-occupants or investors.
The property also features newer vinyl siding, professional landscaping, and strong curb appeal, along with over eight parking spaces for tenants and guests. It is located approximately five minutes from Bridgewater State University.
Both units are part of a clean, well-maintained income-producing property with updates and flexibility for owner-occupants or investors.
Key Highlights
- Renovated 2‑family built in 1900 with 2,200+ sq ft total
- First‑floor unit is vacant and move‑in ready with 4 bedrooms and 2 full baths (includes primary private bath)
- Second‑floor unit has 2 bedrooms plus a bonus room and is leased through August 2026
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
$37,181
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
5.06%
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%
$743,620
$743.6K
Cap Rate 7%
$531,157
$531.2K
Cap Rate 9%
$413,122
$413.1K
Market Conditions
NOI Build-Up for 2,200 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
$56.1K $25.50/SF
− Vacancy
−$3.0K −$1.36/SF
EGI
$53.1K $24.14/SF
− OpEx
−$15.9K −$7.24/SF
NOI
$37.2K $16.90/SF
Area
Plymouth County, MA
Vacancy
5.32%
Lease Rate
$25.50 /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%
$743,620
Cap Rate 7%
$531,157
Cap Rate 9%
$413,122
Alternative Uses
Best Use
Multifamily LT 5
$531.2K
$464.8K – $619.7K
NOI $37,181 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$489.5K
$428.3K – $571.1K
NOI $34,267 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,167 @ 7.0% cap · market cap 12.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
Explore this area
Business Placement
Demographics for 02324, MA
25,676
Population
9,770
Households
2.6
Avg Household Size
42
Median Age
40%
College-Educated
94%
High-School Grad
27.0 sq mi
ZIP Area
951
Density / Sq Mi
$112,445
Median Household Income
$57,560
Median Earnings
$1,975
Median Rent
$500,600
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 - Renovated two-family with a vacant first-floor unit and a second-floor unit leased through August 2026.
Where is this duplex located?
The property is located at 75 Hammond St Bridgewater, MA.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Renovated 2‑family built in 1900 with 2,200+ sq ft total; First‑floor unit is vacant and move‑in ready with 4 bedrooms and 2 full baths (includes primary private bath); Second‑floor unit has 2 bedrooms plus a bonus room and is leased through August 2026
