248 Somerset Ave, Taunton, MA 02780
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$579,000
2 Unit
5 Beds
2 Baths
1354 SQFT
0.13 Acre

Property Description

Strong income-producing two-family located directly across from Memorial Park with major updates and long-term rental stability already in place. This property generates $4,550/month with Unit 1 leased through July 2027 and Unit 2 leased through April 2027. Recent improvements include a new heating system installed in 2022 and a new deck completed in 2024. The building offers gas heat, separate electric, off-street parking, and a rare 9-foot-ceiling basement with meaningful potential for future expansion or an additional unit. Washer/dryer hookup located in the basement. Situated in a strong rental area with convenient access to shopping, transit, and commuter routes, this turnkey asset delivers reliable cash flow with clear upside and low owner expenses. Buyer and buyer’s agent to perform all due diligence.

Property Details tap to expand

Building Information

  • Total Units: 2
  • Total Floors: 2
  • Total Bedrooms: 5
  • Total Full Baths: 2
  • Amenities: Highway Access, House of Worship, Laundromat, Medical Facility, Park, Public Transportation, Shopping
  • Basement Features: Concrete Floor, Full
  • Common Rooms: Kitchen, Living RM/Dining RM Combo, Living Room
  • Common Interior Features: Bathroom With Tub & Shower, Ceiling Fans, Pantry, Programmable Thermostat, Stone/Granite/Solid Counters, Storage, Upgraded Cabinets
  • Common Appliances: Microwave, Refrigerator, Wall Oven, Washer / Dryer Combo, Washer Hookup
  • Common Heating: Extra Flue, Gas, Heat Pump

Financial

  • APOD Available: No
  • Gross Operating Income: 53700
  • Net Operating Income: 54600

Utilities

  • Heat Zones: 2
  • Electric Info: 100 Amps, Circuit Breakers, Individually Metered, Other (See Remarks), Underground
  • Energy Features: Insulated Doors, Insulated Windows, Prog. Thermostat
  • Utility Connections: Washer Hookup, for Electric Dryer, for Electric Oven
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private
  • Sewer District: TAUNT

Unit 1 Description

  • Included in Rent: Heat, Water
  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Included in Rent: Heat, Water
  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Construction

  • Year Built: 1890
  • Type: 2 Family - 2 Units Up/Down
  • Construction Type: Conventional (2x4-2x6)
  • Foundation Info: Fieldstone
  • Roof Material: Aluminum, Asphalt/Fiberglass Shingles
  • Flooring Type: Hardwood, Vinyl
  • Lead Paint: Unknown
  • Warranty: No

Other Information

  • MLS ID# 73572323
  • Last Updated: 09/14/26

Property History tap to expand

Date Event Price Price/Sq Ft Source
09/14/2026Price Change$579,000$428MLSPIN
09/09/2026Active$599,000$442MLSPIN
09/05/2026New$599,000$442MLSPIN
06/15/2026Canceled$574,900$425MLSPIN
06/09/2026Active$574,900$425MLSPIN
06/05/2026Price Change$574,900$425MLSPIN
05/20/2026Temporarily Withdrawn$579,000$428MLSPIN
04/13/2026Active$579,000$428MLSPIN
04/09/2026Price Change$579,000$428MLSPIN
04/03/2026Active$589,000$435MLSPIN
03/30/2026New$589,000$435MLSPIN
03/26/2026Canceled$599,900$443MLSPIN
03/25/2026Temporarily Withdrawn$599,900$443MLSPIN
03/14/2026Active$599,900$443MLSPIN
03/10/2026Price Change$599,900$443MLSPIN
02/23/2026Active$629,900$465MLSPIN
02/19/2026Price Change$629,900$465MLSPIN
02/01/2026Active$649,900$480MLSPIN
01/28/2026New$649,900$480MLSPIN
07/12/2024Sold$560,000$311MLSPIN
06/09/2024Under Agreement$554,000$308MLSPIN
06/06/2024Price Change$554,000$308MLSPIN
05/20/2024Active$579,000$322MLSPIN
05/16/2024New$579,000$322MLSPIN
02/07/2023Sold$463,500$258MLSPIN
01/05/2023Under Agreement$464,000$258MLSPIN
01/04/2023Extended$450,000$250MLSPIN
12/25/2022Active$450,000$250MLSPIN
12/21/2022New$450,000$250MLSPIN

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Seller's Representative: Kobe Lomba, Lomba Realty Group, Inc.
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2026-09-14 20:00:00

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