Duplex with Two-Car
For Sale
$757,900
98 E Water St, Taunton, MA 02780
Two three-bedroom apartments include updated kitchens and baths, with the first-floor unit vacant.
Property Size2,844 SF
Price / SF$266.49
Days on Market23
Property Features for 98 E Water St
General Information
Standard status
Active
Size
2,844 SF
Property subtype
2 Family - 2 Units Up/Down
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,644
Amenities
front porch
gardens
pergola
shed
Building Details
Building Size
2,844 SF
Year Built
1920
Buildings
1
Listing Agency:
Keller Williams Elite
Listed By:
Michele Monteiro · License #3487881
(508) 942-8356
Source:
Dreamegarealty
Added: Oct 8
Changed: Oct 27
Last Checked: Oct 26 at 3:15PM
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
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Investment Insights
Based on property information with market context.
Built in 1920, this 2,844-square-foot duplex contains two three-bedroom apartments. The second- and third-floor residence has an updated kitchen with granite countertops and updated cabinetry, plus a bathroom with double sinks. Its third-floor primary bedroom includes built-in dressers, a large closet, and a skylight. The first-floor apartment is vacant and features an updated bathroom, a kitchen with a breakfast bar, separate dining space, and a private entrance.
Outdoor features include a front porch, gardens, mature trees, and a pergola. A two-car garage, carport, and shed provide additional vehicle and storage space. The property is across from the Taunton River and a park; a boat ramp is nearby.
Outdoor features include a front porch, gardens, mature trees, and a pergola. A two-car garage, carport, and shed provide additional vehicle and storage space. The property is across from the Taunton River and a park; a boat ramp is nearby.
Key Highlights
- 2,844‑square‑foot duplex built in 1920
- Two apartments, each with three bedrooms
- Vacant first‑floor unit has a private entrance and separate dining space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,825
Cap Rate
6.71%
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 6.71%
Second Best
Apartment 5plus
$674.8K
$590.4K – $787.2K
NOI $47,234 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,236 @ 7.0% cap · market cap 16.00%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom apartments include updated kitchens and baths, with the first-floor unit vacant.
Where is this duplex located?
The property is located at 98 E Water St Taunton, MA.
What is the asking price?
The asking price for this property is $757,900.
What are key features of this property?
This property features: 2,844‑square‑foot duplex built in 1920; Two apartments, each with three bedrooms; Vacant first‑floor unit has a private entrance and separate dining space
