Triplex with Updated Owner’s
For Sale
$899,900
69 Front St, Weymouth, MA 02188
Residential Income, Weymouth, MA
Property Size2,498 SF
Lot Size0.15 Acres
Price / SF$360.25
Days on Market41
Property Features for 69 Front St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
M-2
Bedrooms
6
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 2, Bathroom 4, Bedroom 1, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 6, Bedroom 5, Bathroom 5
Parking
4
Directions
Weymouth Landing to Front St. At corner of Elliot St.
Standard status
Active
APN
M:0020 B:0278 L:00160,274772
Size
2,498 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10000
Building Details
Year built
1898
Floors in Building
5
Number of units
3
Listing Agency:
RE/MAX Synergy · RE/MAX International
(508) 857-5392
Listed By:
Luis B Martins
(774) 360-1997
Added: Jul 27
Changed: Sep 5
Last Checked: Sep 5 at 12:06PM
MLS# 73555165
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 2,498-square-foot triplex occupies a 0.1538-acre corner lot and is currently arranged as three residential units within a legally recognized four-family property. The layout includes a four-bedroom owner’s unit and two one-bedroom apartments. The owner’s residence features hardwood flooring, stainless steel appliances, crown molding, a walk-in closet in the primary bedroom, and French doors opening to a new Trex deck. Additional exterior improvements include newer Trex decks and a paved driveway. Constructed in 1898, the property is located at 69 Front St in Weymouth and carries M-2 zoning. Weymouth Landing is just minutes away, with commuter rail, shopping, restaurants, parks, schools, and major routes also identified nearby.
Key Highlights
- 2,498‑square‑foot triplex on a 0.1538‑acre corner lot
- Legally recognized four‑family property currently configured as three units
- Four‑bedroom owner’s unit plus two one‑bedroom apartments
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
$44,748
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
4.97%
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%
$894,960
$895.0K
Cap Rate 7%
$639,257
$639.3K
Cap Rate 9%
$497,200
$497.2K
Market Conditions
NOI Build-Up for 2,498 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
$67.4K $27.00/SF
− Vacancy
−$3.5K −$1.41/SF
EGI
$63.9K $25.59/SF
− OpEx
−$19.2K −$7.68/SF
NOI
$44.7K $17.91/SF
Area
Norfolk County, MA
Vacancy
5.22%
Lease Rate
$27.00 /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%
$894,960
Cap Rate 7%
$639,257
Cap Rate 9%
$497,200
Alternative Uses
Best Use
Multifamily LT 5
$639.3K
$559.4K – $745.8K
NOI $44,748 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$589.8K
$516.1K – $688.1K
NOI $41,287 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$1.48M
$1.29M – $1.73M
NOI $103,516 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
Explore this area
Business Placement
Demographics for 02188, MA
15,133
Population
7,166
Households
2.1
Avg Household Size
42
Median Age
40%
College-Educated
93%
High-School Grad
3.9 sq mi
ZIP Area
3,880
Density / Sq Mi
$102,236
Median Household Income
$64,110
Median Earnings
$1,859
Median Rent
$542,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Multifamily property featuring hardwood floors, stainless steel appliances, and newer Trex decks.
Where is this triplex located?
The property is located at 69 Front St Weymouth, MA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 2,498‑square‑foot triplex on a 0.1538‑acre corner lot; Legally recognized four‑family property currently configured as three units; Four‑bedroom owner’s unit plus two one‑bedroom apartments
