Three-Unit Residential Income
For Sale
$1,785,000
1617 Plymouth St, East Bridgewater, MA 02333
Three similar units feature open-concept first floors, decks, and in-unit air conditioning.
Property Size8,099 SF
Price / SF$220.40
Days on Market221
Property Features for 1617 Plymouth St
General Information
Standard status
Active
Size
8,099 SF
Property subtype
Multi-Family
Additional Details
Sprinkler System
Yes
Multifamily Units
3
Amenities
air conditioning
stainless steel appliances
granite countertops
pantry
composite deck
walk in closets
laundry room
storage
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:
Leightonteam
Added: Mar 17
Changed: Oct 11
Last Checked: Oct 7 at 1:06PM
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
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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 / Yr
$136,876
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,737,520
$2.7M
Cap Rate 7%
$1,955,371
$2.0M
Cap Rate 9%
$1,520,844
$1.5M
Market Conditions
NOI Build-Up for 8,099 SF
Gross rent
$206.5K $25.50/SF
− Vacancy
−$11.0K −$1.36/SF
EGI
$195.5K $24.14/SF
− OpEx
−$58.7K −$7.24/SF
NOI
$136.9K $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 Rate 5%
$2,737,520
Cap Rate 7%
$1,955,371
Cap Rate 9%
$1,520,844
Alternative Uses
Best Use
Multifamily LT 5
$1.96M
$1.71M – $2.28M
NOI $136,876 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$1.80M
$1.58M – $2.10M
NOI $126,150 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$4.79M
$4.20M – $5.59M
NOI $335,620 @ 7.0% cap · market cap 18.80%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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 St East Bridgewater, MA.
What is the asking price?
The asking price for this property is $1,785,000.
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
