Duplex with Updated
New
For Sale
$769,900
77 Draper Ave, Mansfield, MA 02048
Two residences feature functional kitchens, laundry amenities, and adaptable living areas.
Property Size3,196 SF
Price / SF$240.89
Days on Market2
Property Features for 77 Draper Ave
General Information
Standard status
Active
Size
3,196 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,943
Amenities
laundry
Building Details
Building Size
3,196 SF
Year Built
1900
Listing Agency:
eXp Realty LLC
Listed By:
Kimberly Dalton
(339) 201-1932
Source:
Donnellyandco
Added: Oct 21
Changed: Oct 22
Last Checked: Oct 21 at 2:17AM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1900, this duplex provides approximately 3,196 square feet across two units. Interior features include hardwood floors, stainless steel appliances, updated bathrooms, and a renovated bathroom with a glass-enclosed walk-in shower. Each unit has a kitchen and living area, with bedrooms and additional flexible spaces throughout.
The property is near Mansfield commuter rail service, shopping, dining, and major routes. Laundry amenities are also available.
The property is near Mansfield commuter rail service, shopping, dining, and major routes. Laundry amenities are also available.
Key Highlights
- Two‑unit duplex with approximately 3,196 square feet
- Built in 1900
- Hardwood flooring and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,116
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,142,320
$1.1M
Cap Rate 7%
$815,943
$815.9K
Cap Rate 9%
$634,622
$634.6K
Market Conditions
NOI Build-Up for 3,196 SF
Gross rent
$88.2K $27.60/SF
− Vacancy
−$6.6K −$2.07/SF
EGI
$81.6K $25.53/SF
− OpEx
−$24.5K −$7.66/SF
NOI
$57.1K $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%
$1,142,320
Cap Rate 7%
$815,943
Cap Rate 9%
$634,622
Alternative Uses
Best Use
Multifamily LT 5
$815.9K
$714.0K – $951.9K
NOI $57,116 @ 7.0% cap · market cap 7.42%
Second Best
Apartment 5plus
$758.3K
$663.5K – $884.7K
NOI $53,080 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,242 @ 7.0% cap · market cap 17.70%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
Explore this area
Business Placement
Demographics for 02048, MA
23,860
Population
9,228
Households
2.6
Avg Household Size
40
Median Age
51%
College-Educated
96%
High-School Grad
20.1 sq mi
ZIP Area
1,187
Density / Sq Mi
$131,409
Median Household Income
$65,154
Median Earnings
$1,702
Median Rent
$571,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature functional kitchens, laundry amenities, and adaptable living areas.
Where is this duplex located?
The property is located at 77 Draper Ave Mansfield, MA.
What is the asking price?
The asking price for this property is $769,900.
What are key features of this property?
This property features: Two‑unit duplex with approximately 3,196 square feet; Built in 1900; Hardwood flooring and stainless steel appliances
