Two-Unit Duplex with Separate
New
For Sale
$905,000
87-89 Main Street, Foxboro, MA 02035
Each residence has three bedrooms, and one is expected to be vacant at closing.
Property Size3,529 SF
Lot Size0.67 Acres
Price / SF$277.61
Days on Market3
Property Features for 87-89 Main Street
General Information
Standard status
Active
Size
3,529 SF
Lot size
0.67 Acres
Property subtype
2 Family - 2 Units Side by Side
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,560
Building Details
Building Size
3,529 SF
Year Built
1857
Listing Agency:
eXp Realty LLC
Listed By:
Kimberly Dalton
(339) 201-1932
Source:
Allisonmazer
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:27AM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1857, this side-by-side duplex contains two townhouse-style residences with three bedrooms each and approximately 3,260 square feet of combined living area. The property occupies approximately 0.67 acres and includes off-street parking and separate utilities. Improvements include replacement windows, refreshed bathrooms, new refrigerators, carpet removal, added insulation, work on the heating and hot water systems, and chimney repairs. One residence is to be vacant at closing.
The property is near Foxborough center, commuter rail and public transportation, major routes, shops, restaurants, and local amenities.
The property is near Foxborough center, commuter rail and public transportation, major routes, shops, restaurants, and local amenities.
Key Highlights
- Two side‑by‑side residences, each with 3 bedrooms
- Approximately 3,260 square feet of total living area on approximately 0.67 acres
- Separate utilities and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,398
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,167,960
$1.2M
Cap Rate 7%
$834,257
$834.3K
Cap Rate 9%
$648,867
$648.9K
Market Conditions
NOI Build-Up for 3,260 SF
Gross rent
$88.0K $27.00/SF
− Vacancy
−$4.6K −$1.41/SF
EGI
$83.4K $25.59/SF
− OpEx
−$25.0K −$7.68/SF
NOI
$58.4K $17.91/SF
Area
Norfolk County, MA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,167,960
Cap Rate 7%
$834,257
Cap Rate 9%
$648,867
Alternative Uses
Best Use
Multifamily LT 5
$834.3K
$730.0K – $973.3K
NOI $58,398 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$769.7K
$673.5K – $898.0K
NOI $53,881 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,094 @ 7.0% cap · market cap 14.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
683
Businesses Nearby
Explore this area
Business Placement
Demographics for 02035, MA
18,618
Population
7,414
Households
2.5
Avg Household Size
42
Median Age
58%
College-Educated
97%
High-School Grad
19.9 sq mi
ZIP Area
936
Density / Sq Mi
$108,559
Median Household Income
$62,457
Median Earnings
$1,763
Median Rent
$581,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, and one is expected to be vacant at closing.
Where is this duplex located?
The property is located at 87-89 Main Street Foxboro, MA.
What is the asking price?
The asking price for this property is $905,000.
What are key features of this property?
This property features: Two side‑by‑side residences, each with 3 bedrooms; Approximately 3,260 square feet of total living area on approximately 0.67 acres; Separate utilities and off‑street parking
