Triplex with Outdoor
New
For Sale
$874,990
126 Summer St, Plymouth, MA 02360
Three apartments offer varied layouts, with in-unit laundry in two units and separate outdoor areas for all three.
Property Size2,850 SF
Days on Market2
Property Features for 126 Summer St
General Information
Standard status
Active
Size
2,850 SF
Property subtype
Investment
Units
Unit Mix
1 x 3BR, 1 x 2BR, 1 x 1BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,645
Building Details
Building Size
2,850 SF
Year Built
1900
Buildings
1
Stories
5
Units
3
Listing Agency:
Smith and Oak Real Estate Co.
Listed By:
Devon Urena · License #RES.0049774
(774) 469-4436
Source:
Elliman
Added: Sep 26
Last Checked: Sep 26 at 2:46PM
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 Smith and Oak Real Estate Co.
Investment Insights
Based on property information with market context.
Built in 1900, this triplex contains 13 rooms and 6 bedrooms across three apartments. Unit 1 spans two floors and has three bedrooms, a full bathroom, an open kitchen and living area, a deck, a new dishwasher, and in-unit laundry. The ground-level Unit 2 has two bedrooms, updated kitchen and bathroom finishes, new flooring, in-unit laundry, and a patio. Unit 3 is a one-bedroom apartment arranged over two levels, with exposed beams and high ceilings.
The property is at 126 Summer St in Plymouth, Massachusetts, and includes off-street parking and outdoor areas. Unit 2 is scheduled to be delivered vacant; Units 1 and 3 are occupied by tenants at will.
The property is at 126 Summer St in Plymouth, Massachusetts, and includes off-street parking and outdoor areas. Unit 2 is scheduled to be delivered vacant; Units 1 and 3 are occupied by tenants at will.
Key Highlights
- Three apartments with 13 total rooms and 6 bedrooms
- Unit 1: two floors, 3 bedrooms, full bathroom, deck, new dishwasher, and in‑unit laundry
- Ground‑level Unit 2: 2 bedrooms, renovated kitchen and bathroom, new flooring, patio, and in‑unit laundry
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
$48,166
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
5.50%
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%
$963,320
$963.3K
Cap Rate 7%
$688,086
$688.1K
Cap Rate 9%
$535,178
$535.2K
Market Conditions
NOI Build-Up for 2,850 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
$72.7K $25.50/SF
− Vacancy
−$3.9K −$1.36/SF
EGI
$68.8K $24.14/SF
− OpEx
−$20.6K −$7.24/SF
NOI
$48.2K $16.90/SF
Area
Plymouth County, MA
Vacancy
5.32%
Lease Rate
$25.50 /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%
$963,320
Cap Rate 7%
$688,086
Cap Rate 9%
$535,178
Alternative Uses
Best Use
Multifamily LT 5
$688.1K
$602.1K – $802.8K
NOI $48,166 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$634.2K
$554.9K – $739.9K
NOI $44,392 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,103 @ 7.0% cap · market cap 13.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,345
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three apartments offer varied layouts, with in-unit laundry in two units and separate outdoor areas for all three.
Where is this triplex located?
The property is located at 126 Summer St Plymouth, MA.
What is the asking price?
The asking price for this property is $874,990.
What are key features of this property?
This property features: Three apartments with 13 total rooms and 6 bedrooms; Unit 1: two floors, 3 bedrooms, full bathroom, deck, new dishwasher, and in‑unit laundry; Ground‑level Unit 2: 2 bedrooms, renovated kitchen and bathroom, new flooring, patio, and in‑unit laundry
