Duplex With Detached
864-866 Pine Hill, Westport, MA 02790
For Sale
$899,000
Pending
Separate utilities serve the apartments, and solar power provides electricity to both the residence and studio.
Property Size2,862 SF
Days on Market60
Property Features for 864-866 Pine Hill
General Information
Standard status
Size
Property subtype
Units
Multifamily Units
Individually Metered Utilities
Building Details
Year Built
Listing Agency:
Mott & Chace Sotheby's International Realty
(508) 938-9701
Listed By:
Eleanor Wickes
(508) 493-4545
Source:
Ninasoto
Added: Sep 16
Changed: Nov 13
Last Checked: Nov 13 at 12:25PM
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 Mott & Chace Sotheby's International Realty
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Investment Insights
Based on property information with market context.
Built in 1910, this duplex has a 4-bedroom, 3-bathroom main residence configured for two households. The apartments have separate utilities, and solar power provides electricity to the house and detached studio. The studio is heated and air-conditioned and offers additional interior space. The property extends across almost 2 acres bordered by stonewalls.
Central Village and Horseneck Beach are nearby. The residence and separate studio offer distinct spaces within the property, with the studio providing an additional enclosed area beyond the main house.
Central Village and Horseneck Beach are nearby. The residence and separate studio offer distinct spaces within the property, with the studio providing an additional enclosed area beyond the main house.
Key Highlights
- 4‑bedroom, 3‑bathroom two‑family residence
- Detached studio with heat and air conditioning
- Separate utilities for the apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,147
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,940
$1.0M
Cap Rate 7%
$730,671
$730.7K
Cap Rate 9%
$568,300
$568.3K
Market Conditions
NOI Build-Up for 2,862 SF
Gross rent
$79.0K $27.60/SF
− Vacancy
−$5.9K −$2.07/SF
EGI
$73.1K $25.53/SF
− OpEx
−$21.9K −$7.66/SF
NOI
$51.1K $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 Rate 5%
$1,022,940
Cap Rate 7%
$730,671
Cap Rate 9%
$568,300
Alternative Uses
Best Use
Multifamily LT 5
$730.7K
$639.3K – $852.5K
NOI $51,147 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$679.0K
$594.2K – $792.2K
NOI $47,533 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$1.74M
$1.53M – $2.03M
NOI $122,004 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 02790, MA
16,458
Population
7,523
Households
2.2
Avg Household Size
50
Median Age
30%
College-Educated
91%
High-School Grad
53.9 sq mi
ZIP Area
305
Density / Sq Mi
$100,617
Median Household Income
$52,188
Median Earnings
$1,313
Median Rent
$476,000
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Bristol County, MA
Properties on Market for Duplexes in Bristol County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities serve the apartments, and solar power provides electricity to both the residence and studio.
Where is this duplex located?
The property is located at 864-866 Pine Hill Westport, MA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 4‑bedroom, 3‑bathroom two‑family residence; Detached studio with heat and air conditioning; Separate utilities for the apartments
