Two-Unit Duplex with
New
For Sale
$710,000
43 Alden Street, Plymouth, MA 02360
Year-round multifamily property with separate living spaces, private kitchens, basement storage, and off-street parking.
Property Size1,728 SF
Days on Market2
Property Features for 43 Alden Street
General Information
Standard status
Active
Size
1,728 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Zoning
R20S
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,855
Amenities
fireplace
full unfinished basement
Building Details
Building Size
1,728 SF
Year Built
1862
Year Renovated
2025
Buildings
1
Stories
2
Listing Agency:
Classic Cape Real Estate, LLC
Listed By:
Ken Hager
(508) 737-9974
Source:
Link.flexmls
Added: Sep 2
Last Checked: Sep 2 at 12:59PM
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 Classic Cape Real Estate, LLC
Investment Insights
Based on property information with market context.
Built in 1862, this two-unit duplex contains 1,728 square feet across two separate residences. Each unit offers 2 bedrooms, 1 bath, a living room, and a kitchen. The first-floor residence also includes a fireplace, while a full unfinished basement provides additional storage space. Four off-street parking spaces serve the property.
The home occupies a level, cleared corner lot on a public paved road with sidewalks. Public transportation, shopping, parks, walk and jog trails, bike paths, conservation areas, highway access, schools, houses of worship, and a marina are among the surrounding amenities. Nelson Beach and Plymouth Long Beach are approximately 3 to 5 miles away.
The home occupies a level, cleared corner lot on a public paved road with sidewalks. Public transportation, shopping, parks, walk and jog trails, bike paths, conservation areas, highway access, schools, houses of worship, and a marina are among the surrounding amenities. Nelson Beach and Plymouth Long Beach are approximately 3 to 5 miles away.
Key Highlights
- Two separate 2‑bedroom, 1‑bath units
- 1,728 square feet on a level, cleared corner lot
- First‑floor unit includes a fireplace
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
$29,204
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
4.11%
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%
$584,080
$584.1K
Cap Rate 7%
$417,200
$417.2K
Cap Rate 9%
$324,489
$324.5K
Market Conditions
NOI Build-Up for 1,728 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
$44.1K $25.50/SF
− Vacancy
−$2.3K −$1.36/SF
EGI
$41.7K $24.14/SF
− OpEx
−$12.5K −$7.24/SF
NOI
$29.2K $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%
$584,080
Cap Rate 7%
$417,200
Cap Rate 9%
$324,489
Alternative Uses
Best Use
Multifamily LT 5
$417.2K
$365.1K – $486.7K
NOI $29,204 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$384.5K
$336.4K – $448.6K
NOI $26,915 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$1.02M
$895.1K – $1.19M
NOI $71,608 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
615
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 - Year-round multifamily property with separate living spaces, private kitchens, basement storage, and off-street parking.
Where is this duplex located?
The property is located at 43 Alden Street Plymouth, MA.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Two separate 2‑bedroom, 1‑bath units; 1,728 square feet on a level, cleared corner lot; First‑floor unit includes a fireplace
