Triplex with Three-Bay
New
For Sale
$1,498,000
79-81 Town St, Braintree, MA 02184
A newly completed accessory dwelling unit is positioned above a three-bay garage beside the two-family home.
Property Size2,800 SF
Lot Size0.57 Acres
Days on Market4
Property Features for 79-81 Town St
General Information
Standard status
Active
Size
2,800 SF
Total Parking Spaces
3
Lot size
0.57 Acres
Property subtype
3 Family
Units
Unit Mix
1 x 3BR, 1 x 1BR, 1 x 2BR
Multifamily Units
3
Individually Metered Utilities
electricity
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$8,103
Amenities
in-unit laundry
heated garage
Building Details
Building Size
2,800 SF
Year Built
1865
Buildings
2
Listing Agency:
Keller Williams Realty
Listed By:
Eddie Mulkerrins
(617) 908-7503
Source:
Nerealtyco
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 1:08PM
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 Realty
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Investment Insights
Based on property information with market context.
This 2,800-square-foot triplex at 79-81 Town Street combines an 1865 two-family home with a newly completed accessory dwelling unit above a three-car garage. The main residence has a three-bedroom first-floor unit and a one-bedroom second-floor unit. Updates include a renovated second-floor kitchen with quartz countertops and new flooring in the first-floor bedrooms. The two-bedroom ADU includes quartz and butcher-block countertops, stainless steel appliances, in-unit laundry, and three mini-split systems for heating and cooling.
The property occupies a 25,000-square-foot lot in Braintree. The garage has three individual 12-by-25-foot bays, and four electric meters serve the property. The three-bedroom unit and ADU are scheduled for delivery vacant.
The property occupies a 25,000-square-foot lot in Braintree. The garage has three individual 12-by-25-foot bays, and four electric meters serve the property. The three-bedroom unit and ADU are scheduled for delivery vacant.
Key Highlights
- 2,800‑square‑foot triplex on a 25,000‑square‑foot lot
- Two‑family home plus a two‑bedroom ADU completed in 2026
- Three‑car garage with three individual 12' x 25' bays
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,158
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,160
$1.0M
Cap Rate 7%
$716,543
$716.5K
Cap Rate 9%
$557,311
$557.3K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$75.6K $27.00/SF
− Vacancy
−$3.9K −$1.41/SF
EGI
$71.7K $25.59/SF
− OpEx
−$21.5K −$7.68/SF
NOI
$50.2K $17.91/SF
Area
Norfolk County, MA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,160
Cap Rate 7%
$716,543
Cap Rate 9%
$557,311
Alternative Uses
Best Use
Multifamily LT 5
$716.5K
$627.0K – $836.0K
NOI $50,158 @ 7.0% cap · market cap 3.35%
Second Best
Apartment 5plus
$661.1K
$578.5K – $771.3K
NOI $46,279 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $116,031 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
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Business Placement
Demographics for 02184, MA
39,143
Population
15,032
Households
2.6
Avg Household Size
42
Median Age
47%
College-Educated
93%
High-School Grad
13.8 sq mi
ZIP Area
2,836
Density / Sq Mi
$125,305
Median Household Income
$65,542
Median Earnings
$1,925
Median Rent
$623,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A newly completed accessory dwelling unit is positioned above a three-bay garage beside the two-family home.
Where is this triplex located?
The property is located at 79-81 Town St Braintree, MA.
What is the asking price?
The asking price for this property is $1,498,000.
What are key features of this property?
This property features: 2,800‑square‑foot triplex on a 25,000‑square‑foot lot; Two‑family home plus a two‑bedroom ADU completed in 2026; Three‑car garage with three individual 12' x 25' bays
