Updated 3-Unit
13 Forest Avenue Plymouth, MA 02360
13 Forest Avenue, Plymouth, MA, 02360
$834,750
For Sale
$834,750
Assumable financing available for an updated three-family with in-building laundry and off-street parking.
Property Size2,581 SF
Price / SF$323.42
Days on Market119
Property Features for 13 Forest Avenue
General Information
- Standard status
- Active
- Size
- 2,581 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1917
Listing agency
The Sobran Group
Listed by
Evan Sobran
(413) 549-5555
Source
Fivecollegerealtors
Added: Mar 26 Updated: Jul 21 at 10:47PM Checked: Jul 22 at 8:10AM
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 The Sobran Group
Investment Insights
Based on property information with market context.
This updated three-family triplex at 13 Forest Avenue offers spacious units with updated interiors, including newer appliances and updated flooring. Kitchens include granite, and the home has additional recent improvements such as new flooring being installed in the 3rd-floor kitchen and bath. The property also includes in-building laundry and off-street parking.
The seller notes an assumable mortgage at 4.875%. Solar panels are present and described as not leased, with ownership transferable.
The property is marketed as having a solid rental history. Beyond the residential layout, it is positioned for convenience to shopping, the waterfront, restaurants, and Cordage Park, according to the remarks.
The seller notes an assumable mortgage at 4.875%. Solar panels are present and described as not leased, with ownership transferable.
The property is marketed as having a solid rental history. Beyond the residential layout, it is positioned for convenience to shopping, the waterfront, restaurants, and Cordage Park, according to the remarks.
Key Highlights
- Assumable financing available for an updated three‑family (3‑family) with in‑building laundry and off‑street parking
- Year built: 1917
- Solar panels included (not leased; can transfer ownership)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.8k | $25.50 |
| − Vacancy | −$3.5k | −$1.36 |
| EGI | $62.3k | $24.14 |
| − OpEx | −$18.7k | −$7.24 |
| NOI | $43.6k | $16.90 |
2,581 SF · lease $25.50/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$623.1K
$545.3K – $727.0K
NOI $43,620 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$574.3K
$502.5K – $670.0K
NOI $40,202 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,956 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Assumable financing available for an updated three-family with in-building laundry and off-street parking.
Where is this triplex located?
The property is located at 13 Forest Avenue Plymouth, MA.
What is the asking price?
The asking price for this property is $834,750.
What are key features of this property?
This property features: Assumable financing available for an updated three‑family (3‑family) with in‑building laundry and off‑street parking; Year built: 1917; Solar panels included (not leased; can transfer ownership)
