Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Two Homes and Development Opportunity Title is generated by Realmo AI

    1641/1645 Main Street, Weymouth, MA 02190

    View on Map
    Claim this Listing
    For Sale
    $1,350,000

    Two single-family homes on 5.28 acres with development potential.

    Added:
    May 12, 2025
    Days on Market:
    387
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 1641/1645 Main Street

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Shauna Oliveri

    Listing agent Shauna Oliveri

    Listing office Real Broker Ma, LLC

    Listing date May 12, 2025

    Source Corcoran

    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 Real Broker Ma, LLC

    HighLights

    • Two Single Family Homes on 5.28 Acres: Explore diverse living arrangements and potential income.
    • HT Zoning (on Rte 18): Unlock significant commercial opportunities, convert to office, clinic, or retail space.
    • Main House Features: Includes 3 bedrooms, 2.5 baths, hardwood floors, oversized rooms, high ceilings, large office, and a workshop above the 2‑car garage.
    • Workshop with Steel I‑Beam Hoist: Ideal for hobbyists, mechanics, or those needing heavy lifting capabilities.
    • Convenient Location: Close to South Shore Hospital, T‑station, highway, shopping, and restaurants.
    • Town Sewer and Water, Gas Heat: Provides reliable utilities for both homes.

    Overview

    This listing features two single-family homes, two storage structures, and two lots totaling 5.28 acres. The main house, a 3-bedroom, 2.5-bath Colonial built in 1996, is located at the end of a cul-de-sac. It features hardwood floors throughout, oversized rooms, high ceilings, a large office space, and a workshop above a 2-car garage equipped with a steel I-beam hoist. The ranch house, built in 1960/63, offers 1192 square feet with 6 rooms, including 3 bedrooms and 1 bath, and hardwood flooring. Both homes are serviced by gas heat, town sewer, and water. Located on Route 18 and zoned HT, the property offers opportunities such as conversion of an existing residential structure for use as a clinic or office of a business, professional, medical/veterinarian, or financial organization; barbershop; beauty salon; gift shop; or a 2-family dwelling. The property is close to South Shore Hospital, the T-station, the highway, and shopping/restaurants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Weymouth
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -70.9559
    Latitude
    42.1481

    Nearby Similar for Sale

    • $779,000
      1,664 SF

      Updated Duplex in North Weymouth

      Side-by-side duplex with updates, ideal for investment or occupancy.
      19-21 Bursley Rd, Weymouth, MA 02191
      View Details
    • $620,000
      2,541 SF

      Medical Office Condo For Sale

      Turnkey medical office condo in Weymouth, MA, for sale.
      536 Broad St #6-10, Weymouth, MA 02189
      View Details
    • $599,900

      Well-Maintained Building on Large Lot

      Two-unit commercial building with high visibility and ample parking.
      1581 Main Street, Weymouth, MA 02190
      View Details
    • $479,900

      Renovated Commercial Property Near Transportation

      Classic stone building with creative workspace, convenient location.
      20 Iron Hill Street, Weymouth, MA 02189
      View Details
    • $2,499,900

      Automotive Shop with Mechanic Bays

      Commercial property featuring an automotive shop and mechanic bays.
      40 Moore Rd, Weymouth, MA 02189
      View Details
    • $499,900
      2,000 SF

      Renovated Creative Workspace Near Transit

      Classic stone building with creative workspace near East Weymouth transit.
      20 Iron Hill Street, Weymouth, MA 02189
      View Details
    • $659,000
      2,161 SF

      Historic Multifamily Residence in Weymouth

      Historic 7-bedroom multifamily residence with updating potential.
      82-84 Sea Street, Weymouth, MA 02191
      View Details
    • $599,900

      Versatile Commercial Building with Storage

      Well-maintained building suitable for office, contractor, or professional use.
      1581 Main Street, Weymouth, MA 02190
      View Details
    • $2,475,000

      Washington Street Mixed-Use Property

      Mixed-use property with development potential in a prime location.
      1171 Washington, Weymouth, MA 02189
      View Details
    • $599,900

      Commercial Building with Income Potential

      Meticulously maintained commercial building with income potential on Route 18.
      1581 Main Street, Weymouth, MA 02190
      View Details
    • $699,000

      Two-Unit Multifamily Property For Sale

      Two-unit multifamily with recent updates and detached garage.
      61-63 Broad St, Weymouth, MA 02188
      View Details
    • $2,499,900

      Automotive Shop with Office Space

      Commercial property featuring an automotive shop and office space.
      40 Moore Rd, Weymouth, MA 02189
      View Details

    FAQs

    What type of property is this?
    Single family property - Two single-family homes on 5.28 acres with development potential.
    Where is this single family property located?
    The property is located at 1641/1645 Main Street Weymouth, MA.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: Two Single Family Homes on 5.28 Acres: Explore diverse living arrangements and potential income.; HT Zoning (on Rte 18): Unlock significant commercial opportunities, convert to office, clinic, or retail space.; Main House Features: Includes 3 bedrooms, 2.5 baths, hardwood floors, oversized rooms, high ceilings, large office, and a workshop above the 2‑car garage.
    We can help!
    Listing Contact
    Shauna Oliveri
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1641/1645 Main Street, Weymouth, MA 02190
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!