Three-Unit Residential Income
For Sale
$1,875,000
1617 Plymouth Street, East Bridgewater, MA 02333
Three similar units feature open-concept first floors, decks, and in-unit air conditioning.
Property Size5,737 SF
Price / SF$326.83
Days on Market202
Property Features for 1617 Plymouth Street
General Information
Standard status
Active
Size
5,737 SF
Total Parking Spaces
9
Property subtype
Multi-family / 3 Family - 3 Units Side by Side
Net Operating Income
$78,000
Additional Details
Sprinkler System
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$22,400
Amenities
air conditioning
stainless steel appliances
granite countertops
pantry
composite deck
walk in closets
laundry room
storage
No
Carpet, Stone/Ceramic Tile
Dryer, Water Treatment, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Washer, Range, Oven, Plumbed For Ice Maker
Insulated Doors
7.0
Insulated Windows
Washer & Dryer Hookup, Electric Dryer Hookup, Washer Hookup
Full, Partially Finished
Walk-Up Attic, Heated Attic, Pantry, Storage, Stone/Granite/Solid Counters, Internet Available - Fiber-Optic, Walk-In Closet(s), Bathroom with Shower Stall, Bathroom With Tub & Shower, Open Floorplan, Internet Available - Broadband, Living Room, Dining Room, Kitchen, Laundry Room
4
3
5.50
7
Fenced
Frame
Shingle
Wooded, Cleared, Gentle Sloping
Balcony/Deck, Rain Gutters, Professional Landscaping, Fenced Yard, Porch, Deck - Composite
Porch, Deck - Composite
Building Details
Year Built
2025
Tenancy
Multi
Listing Agency:
Allison James Estates & Homes of MA, LLC
Listed By:
Denise Cole · License #9087837
(781) 208-2515
Source:
Compass
Added: Feb 17
Changed: Aug 8
Last Checked: Jul 22 at 4:29PM
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 Allison James Estates & Homes of MA, LLC
Investment Insights
Based on property information with market context.
This for-sale three-unit residential income building offers three similar floor plans across the property. Each unit includes an open-concept first floor with a foyer, living room, dining room, and kitchen, with a dining room slider opening to a composite deck. The kitchens are described as having stainless steel appliances, a large granite island, granite countertops, and a pantry.
On the second floor, units include bedrooms, a full bathroom, and a laundry room arrangement, with primary bedrooms featuring two walk-in closets. Unit 1 is described as having additional space with a finished basement and a walk-up attic. The property also includes full walk-out basement storage and a pull-down attic.
The listing notes air conditioning in all units and sprinkler systems throughout the building. Basement and attic storage is highlighted as plentiful for each unit’s practical use.
On the second floor, units include bedrooms, a full bathroom, and a laundry room arrangement, with primary bedrooms featuring two walk-in closets. Unit 1 is described as having additional space with a finished basement and a walk-up attic. The property also includes full walk-out basement storage and a pull-down attic.
The listing notes air conditioning in all units and sprinkler systems throughout the building. Basement and attic storage is highlighted as plentiful for each unit’s practical use.
Key Highlights
- Newer 3‑family complex built in 2025 with three similar unit layouts
- Open‑concept first floors include living room, dining room, and kitchen, plus a slider to a composite deck
- Each unit includes in‑unit air conditioning and a sprinkler system
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
$96,957
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
5.17%
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%
$1,939,140
$1.9M
Cap Rate 7%
$1,385,100
$1.4M
Cap Rate 9%
$1,077,300
$1.1M
Market Conditions
NOI Build-Up for 5,737 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
$146.3K $25.50/SF
− Vacancy
−$7.8K −$1.36/SF
EGI
$138.5K $24.14/SF
− OpEx
−$41.6K −$7.24/SF
NOI
$97.0K $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%
$1,939,140
Cap Rate 7%
$1,385,100
Cap Rate 9%
$1,077,300
Alternative Uses
Best Use
Multifamily LT 5
$1.39M
$1.21M – $1.62M
NOI $96,957 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,360 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$3.40M
$2.97M – $3.96M
NOI $237,740 @ 7.0% cap · market cap 12.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Explore this area
Business Placement
Demographics for 02333, MA
14,382
Population
5,165
Households
2.8
Avg Household Size
43
Median Age
34%
College-Educated
96%
High-School Grad
17.2 sq mi
ZIP Area
836
Density / Sq Mi
$128,679
Median Household Income
$53,850
Median Earnings
$1,566
Median Rent
$474,000
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?
Triplex - Three similar units feature open-concept first floors, decks, and in-unit air conditioning.
Where is this triplex located?
The property is located at 1617 Plymouth Street East Bridgewater, MA.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: Newer 3‑family complex built in 2025 with three similar unit layouts; Open‑concept first floors include living room, dining room, and kitchen, plus a slider to a composite deck; Each unit includes in‑unit air conditioning and a sprinkler system
