Three-Unit Residential Income
1617 Plymouth Street East Bridgewater, MA 02333
1617 Plymouth Street, East Bridgewater, MA, 02333
$1,875,000
For Sale
$1,875,000
Three similar units feature open-concept first floors, decks, and in-unit air conditioning.
Property Size5,737 SF
Price / SF$326.83
Days on Market156
Property Features for 1617 Plymouth Street
General Information
- Standard status
- Active
- Size
- 5,737 SF
- Property subtype
- Multi-family / 3 Family - 3 Units Side by Side
Building Details
- Year Built
- 2025
Listing agency
Allison James Estates & Homes of MA, LLC
(781) 208-2515
Listed by
Denise Cole · License #9087837
(781) 208-2515
Source
Compass
Added: Feb 17 Updated: Jul 22 at 4:29PM 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
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 | $146.3k | $25.50 |
| − Vacancy | −$7.8k | −$1.36 |
| EGI | $138.5k | $24.14 |
| − OpEx | −$41.6k | −$7.24 |
| NOI | $97.0k | $16.90 |
5,737 SF · lease $25.50/SF/yr · vacancy 5.32% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
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
