Triplex with Separate
For Sale
$879,900
9 COUNTY Street, Seekonk, MA 02771
Well-maintained triplex featuring three separate living units with separate utilities and off-street parking.
Property Size2,991 SF
Price / SF$294.18
Days on Market50
Property Features for 9 COUNTY Street
General Information
Standard status
Active
Size
2,991 SF
Property subtype
MultiFamily
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1900
Buildings
1
Tenancy
Multi
Listing Agency:
The Network
(401) 467-3303
Listed By:
Bill Duquette · License #RES.0031461
(401) 258-6826
Source:
Lockandkeyre
Added: Jul 27
Changed: Sep 14
Last Checked: Sep 14 at 7:23AM
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 The Network
Investment Insights
Based on property information with market context.
This well-maintained triplex offers three distinct living spaces designed for comfortable day-to-day use. The first-floor unit is a 3-bedroom, 2-bath layout. The second-floor unit is a 3-bedroom, 1-bath layout. A lower-level unit provides 1 bedroom and 1 bathroom. Separate utilities are available for each unit, supporting easier individual management and resident independence. The property also includes ample off-street parking and a functional multi-unit layout.
Located at 9 County Street in Seekonk, MA, the property is positioned close to local amenities and public transit, with convenient highway access and shopping nearby.
Built in 1900, the home totals 2,991 square feet and is configured as an owner-occupy or investment opportunity with three separate units under one roof.
Located at 9 County Street in Seekonk, MA, the property is positioned close to local amenities and public transit, with convenient highway access and shopping nearby.
Built in 1900, the home totals 2,991 square feet and is configured as an owner-occupy or investment opportunity with three separate units under one roof.
Key Highlights
- Triplex with three separate units: first‑floor 3 bed/2 bath, second‑floor 3 bed/1 bath, lower‑level 1 bed/1 bath
- Separate utilities for each unit
- Ample off‑street parking
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
$53,452
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
6.07%
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%
$1,069,040
$1.1M
Cap Rate 7%
$763,600
$763.6K
Cap Rate 9%
$593,911
$593.9K
Market Conditions
NOI Build-Up for 2,991 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
$82.6K $27.60/SF
− Vacancy
−$6.2K −$2.07/SF
EGI
$76.4K $25.53/SF
− OpEx
−$22.9K −$7.66/SF
NOI
$53.5K $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 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%
$1,069,040
Cap Rate 7%
$763,600
Cap Rate 9%
$593,911
Alternative Uses
Best Use
Multifamily LT 5
$763.6K
$668.2K – $890.9K
NOI $53,452 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$709.6K
$620.9K – $827.9K
NOI $49,675 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$1.82M
$1.59M – $2.13M
NOI $127,503 @ 7.0% cap · market cap 14.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
859
Businesses Nearby
Explore this area
Business Placement
Demographics for 02771, MA
15,512
Population
6,324
Households
2.5
Avg Household Size
45
Median Age
43%
College-Educated
92%
High-School Grad
18.4 sq mi
ZIP Area
843
Density / Sq Mi
$116,310
Median Household Income
$59,600
Median Earnings
$1,808
Median Rent
$461,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained triplex featuring three separate living units with separate utilities and off-street parking.
Where is this triplex located?
The property is located at 9 COUNTY Street Seekonk, MA.
What is the asking price?
The asking price for this property is $879,900.
What are key features of this property?
This property features: Triplex with three separate units: first‑floor 3 bed/2 bath, second‑floor 3 bed/1 bath, lower‑level 1 bed/1 bath; Separate utilities for each unit; Ample off‑street parking
