Two-Unit Duplex with
For Sale
$415,000
126 Lakehurst Avenue, Weymouth, MA 02189
Owner-occupant or investment duplex with separate floor layouts, outdoor space, and off-street parking.
Property Size1,980 SF
Price / SF$209.60
Days on Market10
Property Features for 126 Lakehurst Avenue
General Information
Standard status
Active
Size
1,980 SF
Total Parking Spaces
3
Property subtype
Multi-family
Lease Term
[]
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
enclosed porch
full basement
Building Details
Year Built
1923
Listing Agency:
Davis Owen Real Estate,LLC
Listed By:
Davis Owen
(617) 799-5818
Source:
Oldeforgerealty
Added: Aug 11
Changed: Aug 20
Last Checked: Aug 20 at 9:13AM
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 Davis Owen Real Estate,LLC
Investment Insights
Based on property information with market context.
This duplex contains approximately 1,980 square feet of living space arranged across two residential units. The first-floor residence includes 1 bedroom, 1 full bathroom, and an enclosed porch, while the second-floor unit provides 2 bedrooms and 1 full bathroom. A full basement adds storage capacity, and the property includes off-street parking for at least 3 vehicles.
The property sits on a lot with a side yard that provides additional outdoor space. Its location at 126 Lakehurst Avenue in Weymouth places it near Whitmans Pond, local golf courses, restaurants, shopping, and other area amenities. Built in 1923, the duplex offers a two-unit configuration suited to either owner occupancy or continued income-property use.
The property sits on a lot with a side yard that provides additional outdoor space. Its location at 126 Lakehurst Avenue in Weymouth places it near Whitmans Pond, local golf courses, restaurants, shopping, and other area amenities. Built in 1923, the duplex offers a two-unit configuration suited to either owner occupancy or continued income-property use.
Key Highlights
- Two‑unit duplex with approximately 1,980 square feet of living space
- First‑floor unit has 1 bedroom, 1 full bathroom, and an enclosed porch
- Second‑floor unit includes 2 bedrooms and 1 full bathroom
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
$35,469
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
8.55%
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%
$709,380
$709.4K
Cap Rate 7%
$506,700
$506.7K
Cap Rate 9%
$394,100
$394.1K
Market Conditions
NOI Build-Up for 1,980 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
$53.5K $27.00/SF
− Vacancy
−$2.8K −$1.41/SF
EGI
$50.7K $25.59/SF
− OpEx
−$15.2K −$7.68/SF
NOI
$35.5K $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%
$709,380
Cap Rate 7%
$506,700
Cap Rate 9%
$394,100
Alternative Uses
Best Use
Multifamily LT 5
$506.7K
$443.4K – $591.2K
NOI $35,469 @ 7.0% cap · market cap 8.55%
Second Best
Apartment 5plus
$467.5K
$409.1K – $545.4K
NOI $32,726 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,051 @ 7.0% cap · market cap 19.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,010
Businesses Nearby
Explore this area
Business Placement
Demographics for 02189, MA
15,123
Population
6,689
Households
2.3
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
4.0 sq mi
ZIP Area
3,781
Density / Sq Mi
$91,842
Median Household Income
$53,785
Median Earnings
$1,732
Median Rent
$463,300
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?
Duplex - Owner-occupant or investment duplex with separate floor layouts, outdoor space, and off-street parking.
Where is this duplex located?
The property is located at 126 Lakehurst Avenue Weymouth, MA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two‑unit duplex with approximately 1,980 square feet of living space; First‑floor unit has 1 bedroom, 1 full bathroom, and an enclosed porch; Second‑floor unit includes 2 bedrooms and 1 full bathroom
