Two-Unit Duplex with
New
For Sale
$774,900
98 E Water Street, Taunton, MA 02780
The vacant first-floor residence gives an incoming owner the choice of its next occupant.
Property Size2,844 SF
Price / SF$272.47
Days on Market4
Property Features for 98 E Water Street
General Information
Standard status
Active
Size
2,844 SF
Property subtype
Multi-family
Additional Details
Road Access
Yes
Multifamily Units
2
Amenities
front porch
gardens
pergola
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Keller Williams Elite
Listed By:
Michele Monteiro · License #3487881
(508) 942-8356
Source:
Lindorealtygroup
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 9 at 11:23PM
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 Elite
Investment Insights
Based on property information with market context.
This 2,844-square-foot duplex, built in 1920, contains two three-bedroom residences. The first-floor apartment has its own entrance, an updated bathroom, a kitchen with breakfast bar and separate dining area, and hardwood flooring in the primary bedroom. It is vacant. The other residence spans the second and third floors and includes an updated bathroom with double sinks, a kitchen with granite counters, and a third-floor primary bedroom with built-in dressers, a large closet, and a skylight.
At 98 E Water Street in Taunton, the property sits across from the Taunton River and a park. Outdoor features include a front porch, landscaped gardens, mature trees, and a pergola. A two-car garage, carport, and shed provide additional parking and storage.
At 98 E Water Street in Taunton, the property sits across from the Taunton River and a park. Outdoor features include a front porch, landscaped gardens, mature trees, and a pergola. A two-car garage, carport, and shed provide additional parking and storage.
Key Highlights
- 2,844‑square‑foot duplex built in 1920
- Two three‑bedroom residences; the first‑floor unit is vacant
- Upper residence occupies the second and third floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,825
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,016,500
$1.0M
Cap Rate 7%
$726,071
$726.1K
Cap Rate 9%
$564,722
$564.7K
Market Conditions
NOI Build-Up for 2,844 SF
Gross rent
$78.5K $27.60/SF
− Vacancy
−$5.9K −$2.07/SF
EGI
$72.6K $25.53/SF
− OpEx
−$21.8K −$7.66/SF
NOI
$50.8K $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%
$1,016,500
Cap Rate 7%
$726,071
Cap Rate 9%
$564,722
Alternative Uses
Best Use
Multifamily LT 5
$726.1K
$635.3K – $847.1K
NOI $50,825 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$674.8K
$590.4K – $787.2K
NOI $47,234 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,236 @ 7.0% cap · market cap 15.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
Explore this area
Business Placement
Demographics for 02780, MA
52,299
Population
22,454
Households
2.3
Avg Household Size
41
Median Age
24%
College-Educated
85%
High-School Grad
33.1 sq mi
ZIP Area
1,580
Density / Sq Mi
$75,054
Median Household Income
$48,454
Median Earnings
$1,257
Median Rent
$377,800
Median Home Value
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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?
Duplex - The vacant first-floor residence gives an incoming owner the choice of its next occupant.
Where is this duplex located?
The property is located at 98 E Water Street Taunton, MA.
What is the asking price?
The asking price for this property is $774,900.
What are key features of this property?
This property features: 2,844‑square‑foot duplex built in 1920; Two three‑bedroom residences; the first‑floor unit is vacant; Upper residence occupies the second and third floors
