Updated Four-Unit Townhouse
For Sale
$1,180,000
19-25 Common St, Weymouth, MA 02188
Four well-kept townhouse-style units with recent interior updates and separate utility meters support flexible rental or owner-use options.
Property Size2,939 SF
Days on Market52
Property Features for 19-25 Common St
General Information
Standard status
Active
Size
2,939 SF
Property subtype
Investment
Occupancy
75%
Additional Details
Highway Access
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$7,151
Building Details
Building Size
2,939 SF
Year Built
1868
Stories
8
Units
4
Tenancy
Multi
Listing Agency:
Keller Williams Realty
(857) 498-7037
Listed By:
Angela Cui
(857) 498-7037
Source:
Elliman
Added: Jun 18
Changed: Aug 8
Last Checked: Aug 8 at 12:32PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This updated four-unit townhouse-style quadplex features two-bedroom layouts in each unit, with separate gas heating and individual utility meters for easier management. The property has benefited from partial renovations completed within the past two years, including updates to flooring, kitchens, and bathrooms. Three units are currently leased, while one unit is vacant, offering flexibility for an owner-occupant or immediate rental re-occupancy.
The building is located in Weymouth, within walking distance of Tedeschi Food Shops, South Shore India Market, and Shaw’s. Nearby dining options mentioned include Dunkin’ Donuts and McDonald’s, as well as KFC, The Grill & Eye, and Jimmy’s Broad Street Diner. Commuter access is supported by approximately a 13-minute walk to the Commuter Rail and about 3 minutes to bus line #225, with convenient access to major highways and surrounding shopping centers.
For tenants, the mix of leased and vacant unit status can make move-in planning more straightforward, while the separated utility and heating setups can simplify budgeting and operations. For buyers, the recent interior updates and unit-by-unit utilities may appeal to those seeking a manageable four-unit residential income property with the option to live in one unit and rent the others.
The building is located in Weymouth, within walking distance of Tedeschi Food Shops, South Shore India Market, and Shaw’s. Nearby dining options mentioned include Dunkin’ Donuts and McDonald’s, as well as KFC, The Grill & Eye, and Jimmy’s Broad Street Diner. Commuter access is supported by approximately a 13-minute walk to the Commuter Rail and about 3 minutes to bus line #225, with convenient access to major highways and surrounding shopping centers.
For tenants, the mix of leased and vacant unit status can make move-in planning more straightforward, while the separated utility and heating setups can simplify budgeting and operations. For buyers, the recent interior updates and unit-by-unit utilities may appeal to those seeking a manageable four-unit residential income property with the option to live in one unit and rent the others.
Key Highlights
- Four‑unit townhouse‑style multifamily built in 1868, with three units currently leased and one unit vacant
- Partial renovations completed within the past two years, including updated flooring, kitchens, and bathrooms
- Each unit has 2 bedrooms plus separate gas heating and separate utility meters for easier management
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
$52,648
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
4.46%
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%
$1,052,960
$1.1M
Cap Rate 7%
$752,114
$752.1K
Cap Rate 9%
$584,978
$585.0K
Market Conditions
NOI Build-Up for 2,939 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
$79.4K $27.00/SF
− Vacancy
−$4.1K −$1.41/SF
EGI
$75.2K $25.59/SF
− OpEx
−$22.6K −$7.68/SF
NOI
$52.6K $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 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%
$1,052,960
Cap Rate 7%
$752,114
Cap Rate 9%
$584,978
Alternative Uses
Best Use
Multifamily LT 5
$752.1K
$658.1K – $877.5K
NOI $52,648 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$693.9K
$607.2K – $809.6K
NOI $48,576 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,791 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
Explore this area
Business Placement
Demographics for 02188, MA
15,133
Population
7,166
Households
2.1
Avg Household Size
42
Median Age
40%
College-Educated
93%
High-School Grad
3.9 sq mi
ZIP Area
3,880
Density / Sq Mi
$102,236
Median Household Income
$64,110
Median Earnings
$1,859
Median Rent
$542,900
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?
Quadplex - Four well-kept townhouse-style units with recent interior updates and separate utility meters support flexible rental or owner-use options.
Where is this quadplex located?
The property is located at 19-25 Common St Weymouth, MA.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: Four‑unit townhouse‑style multifamily built in 1868, with three units currently leased and one unit vacant; Partial renovations completed within the past two years, including updated flooring, kitchens, and bathrooms; Each unit has 2 bedrooms plus separate gas heating and separate utility meters for easier management
