Renovated Two-Unit
New
For Sale
$759,000
218 Standish Ave, Plymouth, MA 02360
Updated interiors and a finished lower level complement substantial on-site garage and storage capacity.
Property Size2,210 SF
Lot Size0.44 Acres
Days on Market7
Property Features for 218 Standish Ave
General Information
Standard status
Active
Size
2,210 SF
Total Parking Spaces
4
Lot size
0.44 Acres
Property subtype
Investment
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,467
Amenities
finished lower level
yard
Building Details
Building Size
2,210 SF
Year Built
1900
Buildings
1
Stories
3
Units
2
Listing Agency:
(781) 974-8830
Listed By:
Nick Rivers
(781) 974-8830
Source:
Elliman
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 30 at 9:40PM
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 Nick Rivers
Investment Insights
Based on property information with market context.
This two-family duplex has been renovated with updated finishes and hardwood flooring throughout. Each unit includes two bedrooms, while the finished lower level adds flexible space that can serve as a guest suite, home office, or in-law arrangement. The property sits on a .44-acre lot with twin two-car garages providing four total bays, along with yard space for tenants or owner-occupants.
Located minutes from Downtown Plymouth, the waterfront, shops, restaurants, breweries, and the harbor, the property also offers access to Route 3 for commuters. Built in 1900, it combines established residential construction with updated interiors and existing rental income.
Located minutes from Downtown Plymouth, the waterfront, shops, restaurants, breweries, and the harbor, the property also offers access to Route 3 for commuters. Built in 1900, it combines established residential construction with updated interiors and existing rental income.
Key Highlights
- Two‑family duplex with 2 bedrooms in each unit
- Renovated interiors with hardwood floors and updated finishes
- Finished lower level for guest, office, or in‑law use
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
$37,350
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
4.92%
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%
$747,000
$747.0K
Cap Rate 7%
$533,571
$533.6K
Cap Rate 9%
$415,000
$415.0K
Market Conditions
NOI Build-Up for 2,210 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
$56.4K $25.50/SF
− Vacancy
−$3.0K −$1.36/SF
EGI
$53.4K $24.14/SF
− OpEx
−$16.0K −$7.24/SF
NOI
$37.3K $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%
$747,000
Cap Rate 7%
$533,571
Cap Rate 9%
$415,000
Alternative Uses
Best Use
Multifamily LT 5
$533.6K
$466.9K – $622.5K
NOI $37,350 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$491.8K
$430.3K – $573.7K
NOI $34,423 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$1.31M
$1.14M – $1.53M
NOI $91,582 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
620
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
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 - Updated interiors and a finished lower level complement substantial on-site garage and storage capacity.
Where is this duplex located?
The property is located at 218 Standish Ave Plymouth, MA.
What is the asking price?
The asking price for this property is $759,000.
What are key features of this property?
This property features: Two‑family duplex with 2 bedrooms in each unit; Renovated interiors with hardwood floors and updated finishes; Finished lower level for guest, office, or in‑law use
