Third-Floor Residential Income
For Sale
$325,000
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$347.22
Days on Market137
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: Sep 6
Last Checked: Sep 14 at 5:07AM
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.
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 = 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
$14,579
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
4.49%
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%
$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
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
$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 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%
$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 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$554.1K
$484.9K – $646.5K
NOI $38,788 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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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 $325,000.
What are key features of this property?
This property features: 936 square feet of living space; Remodeled in 2023; Two‑bedroom condominium
