Victorian Duplex with Finished Third
New
For Sale
$759,000
8 Coram St, Taunton, MA 02780
Two-family property with hardwood floors, a fenced yard, and detached garage parking.
Property Size3,436 SF
Days on Market4
Property Features for 8 Coram St
General Information
Standard status
Active
Size
3,436 SF
Property subtype
Investment
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,566
Amenities
fenced yard
detached two-car garage
Building Details
Building Size
3,436 SF
Year Built
1900
Buildings
1
Stories
2
Units
2
Construction
Victorian
Listing Agency:
(781) 351-9805
Listed By:
Edward P. Hubbard
(781) 351-9805
Source:
Elliman
Added: Aug 9
Changed: Aug 10
Last Checked: Aug 11 at 12:05PM
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 Edward P. Hubbard
Investment Insights
Based on property information with market context.
Built in 1900, this two-family property offers two spacious residential units with hardwood flooring and Victorian-era character. The finished third floor adds a bedroom, bathroom, and living area, creating flexible space that may function with the second-floor unit or be evaluated for potential rental use.
Exterior amenities include a fenced yard, detached two-car garage, and additional parking. Located at 8 Coram St in Taunton, the property also records a Walk Score of 56 and Bike Score of 42. The layout and finished upper level provide room for modernization while preserving the building’s period features.
Exterior amenities include a fenced yard, detached two-car garage, and additional parking. Located at 8 Coram St in Taunton, the property also records a Walk Score of 56 and Bike Score of 42. The layout and finished upper level provide room for modernization while preserving the building’s period features.
Key Highlights
- Two residential units with spacious layouts
- Finished third floor includes a bedroom, bathroom, and living area
- Hardwood floors and Victorian‑era architectural character
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
$61,405
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
8.09%
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%
$1,228,100
$1.2M
Cap Rate 7%
$877,214
$877.2K
Cap Rate 9%
$682,278
$682.3K
Market Conditions
NOI Build-Up for 3,436 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
$94.8K $27.60/SF
− Vacancy
−$7.1K −$2.07/SF
EGI
$87.7K $25.53/SF
− OpEx
−$26.3K −$7.66/SF
NOI
$61.4K $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%
$1,228,100
Cap Rate 7%
$877,214
Cap Rate 9%
$682,278
Alternative Uses
Best Use
Multifamily LT 5
$877.2K
$767.6K – $1.02M
NOI $61,405 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$815.2K
$713.3K – $951.1K
NOI $57,066 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,473 @ 7.0% cap · market cap 19.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,070
Businesses Nearby
Explore this area
Business Placement
Demographics for 02780, MA
52,299
Population
22,454
Households
2.3
Avg Household Size
41
Median Age
24%
College-Educated
85%
High-School Grad
33.1 sq mi
ZIP Area
1,580
Density / Sq Mi
$75,054
Median Household Income
$48,454
Median Earnings
$1,257
Median Rent
$377,800
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 property with hardwood floors, a fenced yard, and detached garage parking.
Where is this duplex located?
The property is located at 8 Coram St Taunton, MA.
What is the asking price?
The asking price for this property is $759,000.
What are key features of this property?
This property features: Two residential units with spacious layouts; Finished third floor includes a bedroom, bathroom, and living area; Hardwood floors and Victorian‑era architectural character
