Two-Unit
New
For Sale
$675,000
1669-1671 Commercial Street, Weymouth, MA 02189
Both units have long-term tenants, with updated roof, furnace, and water heaters.
Property Size1,631 SF
Price / SF$413.86
Days on Market6
Property Features for 1669-1671 Commercial Street
General Information
Standard status
Active
Size
1,631 SF
Property subtype
Multi-family
Lease Term
[]
Additional Details
Public Transit
Yes
Multifamily Units
2
Tenant in Place
Yes
Building Details
Year Built
1873
Tenancy
Multi
Listing Agency:
OwnerEntry.com
Listed By:
Dave White · License #9069443
(617) 542-9300
Source:
Oldeforgerealty
Added: Oct 26
Changed: Oct 30
Last Checked: Oct 30 at 1:32PM
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 OwnerEntry.com
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,631 square feet and dates to 1873. Improvements include a newer roof, furnace, and water heaters, and both units have long-term tenants. The property is zoned M-2.
The address is 1669-1671 Commercial St in Weymouth, Massachusetts. Greenbush train and Jackson Square are each a five-minute walk away.
The address is 1669-1671 Commercial St in Weymouth, Massachusetts. Greenbush train and Jackson Square are each a five-minute walk away.
Key Highlights
- Two‑family property with 1,631 square feet
- Newer roof, furnace, and water heaters
- Long‑term tenants in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,217
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,340
$584.3K
Cap Rate 7%
$417,386
$417.4K
Cap Rate 9%
$324,633
$324.6K
Market Conditions
NOI Build-Up for 1,631 SF
Gross rent
$44.0K $27.00/SF
− Vacancy
−$2.3K −$1.41/SF
EGI
$41.7K $25.59/SF
− OpEx
−$12.5K −$7.68/SF
NOI
$29.2K $17.91/SF
Area
Norfolk County, MA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,340
Cap Rate 7%
$417,386
Cap Rate 9%
$324,633
Alternative Uses
Best Use
Multifamily LT 5
$417.4K
$365.2K – $487.0K
NOI $29,217 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$385.1K
$337.0K – $449.3K
NOI $26,957 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$965.5K
$844.9K – $1.13M
NOI $67,588 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
Explore this area
Business Placement
Demographics for 02189, MA
15,123
Population
6,689
Households
2.3
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
4.0 sq mi
ZIP Area
3,781
Density / Sq Mi
$91,842
Median Household Income
$53,785
Median Earnings
$1,732
Median Rent
$463,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both units have long-term tenants, with updated roof, furnace, and water heaters.
Where is this duplex located?
The property is located at 1669-1671 Commercial Street Weymouth, MA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two‑family property with 1,631 square feet; Newer roof, furnace, and water heaters; Long‑term tenants in place
