Two-Unit
For Sale
$499,000
84 Church Street, Rockland, MA 02370
Separate residences sit on a 0.4-acre parcel, with a renovation required to update the property.
Property Size2,519 SF
Lot Size0.40 Acres
Price / SF$198.09
Days on Market12
Property Features for 84 Church Street
General Information
Standard status
Active
Size
2,519 SF
Lot size
0.40 Acres
Property subtype
MultiFamily
Additional Details
Multifamily Units
2
Building Details
Year Built
1915
Listing Agency:
Keller Williams Coastal
(401) 845-9200
Listed By:
Elaine Reavey · License #RES.0033620
(401) 258-4789
Source:
Lockandkeyre
Added: Oct 20
Changed: Oct 31
Last Checked: Oct 30 at 3:39PM
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 Coastal
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Investment Insights
Based on property information with market context.
This two-unit duplex, built in 1915, contains approximately 2,519 square feet of living space. The layout includes six bedrooms and two full bathrooms. The property is being sold as-is, and the stated purchase terms are cash or hard money only.
The parcel measures 0.4 acres and is located on Church Street in Rockland, Massachusetts, with Hanover, Abington, Hingham, and the South Shore identified as nearby areas.
The parcel measures 0.4 acres and is located on Church Street in Rockland, Massachusetts, with Hanover, Abington, Hingham, and the South Shore identified as nearby areas.
Key Highlights
- Two residential units with 6 bedrooms and 2 full bathrooms
- Approximately 2,519 square feet of living space
- 0.4‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,572
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,440
$851.4K
Cap Rate 7%
$608,171
$608.2K
Cap Rate 9%
$473,022
$473.0K
Market Conditions
NOI Build-Up for 2,519 SF
Gross rent
$64.2K $25.50/SF
− Vacancy
−$3.4K −$1.36/SF
EGI
$60.8K $24.14/SF
− OpEx
−$18.2K −$7.24/SF
NOI
$42.6K $16.90/SF
Area
Plymouth County, MA
Vacancy
5.32%
Lease Rate
$25.50 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,440
Cap Rate 7%
$608,171
Cap Rate 9%
$473,022
Alternative Uses
Best Use
Multifamily LT 5
$608.2K
$532.2K – $709.5K
NOI $42,572 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$560.5K
$490.5K – $653.9K
NOI $39,236 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,387 @ 7.0% cap · market cap 20.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
604
Businesses Nearby
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Business Placement
Demographics for 02370, MA
17,803
Population
7,046
Households
2.5
Avg Household Size
43
Median Age
34%
College-Educated
96%
High-School Grad
10.0 sq mi
ZIP Area
1,780
Density / Sq Mi
$101,475
Median Household Income
$59,489
Median Earnings
$1,497
Median Rent
$452,300
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 - Separate residences sit on a 0.4-acre parcel, with a renovation required to update the property.
Where is this duplex located?
The property is located at 84 Church Street Rockland, MA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two residential units with 6 bedrooms and 2 full bathrooms; Approximately 2,519 square feet of living space; 0.4‑acre lot
