Two-Family Duplex with
New
For Sale
$774,900
98 E Water St, Taunton, MA 02780
Residential Income, Taunton, MA
Property Size2,844 SF
Price / SF$272.47
Days on Market4
Property Features for 98 E Water St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Res
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 6, Bathroom 2, Bedroom 5
Parking
8
Directions
GPS
Standard status
Active
APN
2978014
Size
2,844 SF
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7644
Amenities
front porch
garden
pergola
Building Details
Year built
1920
Floors in Building
3
Number of units
2
Listing Agency:
Keller Williams Elite · Keller Williams Realty
(508) 695-4545
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 11 at 4:06AM
MLS# 73588768
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,844-square-foot duplex, built in 1920, contains two three-bedroom residences. The upper unit spans the second and third floors and has an updated kitchen with granite countertops and cabinetry, plus a bathroom with double sinks. Its third-floor bedroom includes built-in dressers, a large closet, and a skylight. The first-floor residence has a separate entrance, an updated kitchen with a breakfast bar and dining area, and an updated bath; this unit is vacant. A two-car garage, carport, and shed provide additional parking and storage.
The property is across the street from the Taunton River and a park, with a boat ramp nearby. The grounds include gardens, mature trees, and a pergola. Zoning is Res.
The property is across the street from the Taunton River and a park, with a boat ramp nearby. The grounds include gardens, mature trees, and a pergola. Zoning is Res.
Key Highlights
- Two‑family duplex with two three‑bedroom residences
- 2,844 square feet; built in 1920
- First‑floor unit is vacant and has a private entrance
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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Open Analytics
Current Use
Lease Details
2
Residential units
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 - Two three-bedroom residences have updated kitchens and baths, and one unit is 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 $774,900.
What are key features of this property?
This property features: Two‑family duplex with two three‑bedroom residences; 2,844 square feet; built in 1920; First‑floor unit is vacant and has a private entrance
