Two-Family Residential Income
818 Main Street Walpole, MA 02081
818 Main Street, Walpole, MA, 02081
$685,000
For Sale
$685,000
Well-maintained two-family home with separately metered units, updated systems, and off-street parking for up to six cars.
Property Size1,776 SF
Price / SF$385.70
Days on Market118
Property Features for 818 Main Street
General Information
- Standard status
- Active
- Size
- 1,776 SF
- Property subtype
- Multi-family / 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1926
Listing agency
Coldwell Banker Realty - Easton
(508) 230-2544
Listed by
Linda Tucker · License #9033312
(508) 230-2544
Source
Compass
Added: Mar 26 Updated: Jul 21 at 5:57PM Checked: Jul 21 at 5:57PM
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 Coldwell Banker Realty - Easton
Investment Insights
Based on property information with market context.
This well-maintained two-family residential income property is ready for immediate occupancy and offers two separately metered units. Over the past 10 years, the home has received multiple updates, including a newer roof, one new heating system, a new water heater, fresh interior paint, and a combination of hardwood and laminate flooring. A fenced-in backyard adds outdoor privacy, and the property includes an oversized driveway with off-street parking for up to six cars.
The home is located in the Town of Walpole, with downtown amenities and the commuter rail within a short walk.
With two units and ongoing improvements to key building systems and finishes, this property is set up for straightforward residential income use while also supporting owner-occupancy.
The home is located in the Town of Walpole, with downtown amenities and the commuter rail within a short walk.
With two units and ongoing improvements to key building systems and finishes, this property is set up for straightforward residential income use while also supporting owner-occupancy.
Key Highlights
- Well‑maintained two‑family home (built 1926) with 2 full baths total
- Each unit is separately metered for tenant billing
- Updates within the past 10 years include newer roof, one new heating system, and a new water heater
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.0k | $27.00 |
| − Vacancy | −$2.5k | −$1.41 |
| EGI | $45.4k | $25.59 |
| − OpEx | −$13.6k | −$7.68 |
| NOI | $31.8k | $17.91 |
1,776 SF · lease $27.00/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$454.5K
$397.7K – $530.2K
NOI $31,814 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$419.3K
$366.9K – $489.2K
NOI $29,354 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$1.05M
$920.0K – $1.23M
NOI $73,597 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with separately metered units, updated systems, and off-street parking for up to six cars.
Where is this duplex located?
The property is located at 818 Main Street Walpole, MA.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Well‑maintained two‑family home (built 1926) with 2 full baths total; Each unit is separately metered for tenant billing; Updates within the past 10 years include newer roof, one new heating system, and a new water heater
