Third-Floor Residential Income
For Sale
$324,000
1 Marc Dr, Plymouth, MA 02360
Updated single-level condominium with two bedrooms and one full and one half bathroom.
Property Size936 SF
Price / SF$346.15
Days on Market183
Property Features for 1 Marc Dr
General Information
Standard status
Active
Size
936 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Amenities
Range
Dishwasher
Disposal
Microwave
Refrigerator
Freezer
Dryer
Heat Pump
Vinyl / VCT
1.0 Story
$3,430 Taxes
Public
Built in 1986
Building Details
Year Built
1986
Year Renovated
2023
Listing Agency:
Today Real Estate, Inc.
(508) 888-8008
Listed By:
Joseph Kwiatkowski · License #449585722
(617) 839-9277
Source:
Donahuere
Added: May 1
Changed: Oct 25
Last Checked: Oct 28 at 4:38AM
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 Today Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This third-floor condominium at 1 Marc Dr, Unit 1A-10, offers 936 square feet of single-level living space. The residence includes two bedrooms, one full bathroom, and one half bathroom, with a layout designed for everyday residential use. Remodeling was completed in 2023, and the condominium was originally built in 1986.
Located in Plymouth, MA, the property is part of Summer Hill Condominium. Its third-floor position and practical bedroom-and-bathroom configuration provide a straightforward residential layout within the condominium community.
Located in Plymouth, MA, the property is part of Summer Hill Condominium. Its third-floor position and practical bedroom-and-bathroom configuration provide a straightforward residential layout within the condominium community.
Key Highlights
- 936 square feet of living space
- Remodeled in 2023
- Two‑bedroom condominium
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,579
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,580
$291.6K
Cap Rate 7%
$208,271
$208.3K
Cap Rate 9%
$161,989
$162.0K
Market Conditions
NOI Build-Up for 936 SF
Gross rent
$28.1K $30.00/SF
− Vacancy
−$1.6K −$1.68/SF
EGI
$26.5K $28.32/SF
− OpEx
−$11.9K −$12.74/SF
NOI
$14.6K $15.58/SF
Area
Plymouth County, MA
Vacancy
5.60%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,580
Cap Rate 7%
$208,271
Cap Rate 9%
$161,989
Alternative Uses
Best Use
Apartment 5plus
$208.3K
$182.2K – $243.0K
NOI $14,579 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$554.1K
$484.9K – $646.5K
NOI $38,788 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
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Business Placement
Demographics for 02360, MA
61,134
Population
28,598
Households
2.1
Avg Household Size
47
Median Age
45%
College-Educated
96%
High-School Grad
96.4 sq mi
ZIP Area
634
Density / Sq Mi
$111,975
Median Household Income
$55,595
Median Earnings
$1,831
Median Rent
$494,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated single-level condominium with two bedrooms and one full and one half bathroom.
Where is this residential income property located?
The property is located at 1 Marc Dr Plymouth, MA.
What is the asking price?
The asking price for this property is $324,000.
What are key features of this property?
This property features: 936 square feet of living space; Remodeled in 2023; Two‑bedroom condominium
