Six-Unit Multifamily Property with
New
For Sale
$995,000
8 & 10 EXETER STREET, Taunton, MA 02780
Well-maintained apartment building with renovated units, off-street parking, and a detached garage component.
Property Size4,440 SF
Lot Size0.22 Acres
Price / SF$224.10
Days on Market3
Property Features for 8 & 10 EXETER STREET
General Information
Standard status
Active
Size
4,440 SF
Net Rentable
4,440 SF
Total Parking Spaces
6
Lot size
0.22 Acres
Property subtype
Multi-Family
Additional Details
Multifamily Units
6
Building Details
Year Built
1900
Buildings
1
Listing Agency:
United Multi Family Corporation
(617) 529-1141
Listed By:
Richard Cawley · License #134301
Source:
Idx.mlspin
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 14 at 3:28AM
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 United Multi Family Corporation
Investment Insights
Based on property information with market context.
This multifamily property contains six units and approximately 4,440 rentable SF on a 9,583 SF lot. Constructed in 1900, the building has received numerous unit renovations during the past decade. Off-street parking accommodates six vehicles, while a 3-bay garage provides an additional income-producing component.
The property is located in Taunton’s Weir Village area, an established residential neighborhood with access to downtown, employment centers, shopping, and public services. Regional connections include I-495, Route 24, Route 44, and Route 140, linking Taunton with Boston, Providence, and the South Coast.
The property is located in Taunton’s Weir Village area, an established residential neighborhood with access to downtown, employment centers, shopping, and public services. Regional connections include I-495, Route 24, Route 44, and Route 140, linking Taunton with Boston, Providence, and the South Coast.
Key Highlights
- Six‑unit multifamily building with approximately 4,440 rentable SF
- 9,583 SF lot with off‑street parking for six vehicles
- 3‑bay garage generating additional income
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
$73,741
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
7.41%
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%
$1,474,820
$1.5M
Cap Rate 7%
$1,053,443
$1.1M
Cap Rate 9%
$819,344
$819.3K
Market Conditions
NOI Build-Up for 4,440 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
$143.9K $32.40/SF
− Vacancy
−$9.8K −$2.20/SF
EGI
$134.1K $30.20/SF
− OpEx
−$60.3K −$13.59/SF
NOI
$73.7K $16.61/SF
Area
Bristol County, MA
Vacancy
6.80%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
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%
$1,474,820
Cap Rate 7%
$1,053,443
Cap Rate 9%
$819,344
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$921.8K – $1.23M
NOI $73,741 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.70M
$2.37M – $3.15M
NOI $189,272 @ 7.0% cap · market cap 19.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
622
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?
Apartment building - Well-maintained apartment building with renovated units, off-street parking, and a detached garage component.
Where is this apartment building located?
The property is located at 8 & 10 EXETER STREET Taunton, MA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Six‑unit multifamily building with approximately 4,440 rentable SF; 9,583 SF lot with off‑street parking for six vehicles; 3‑bay garage generating additional income
