Second-Floor Residential Income
For Sale
$289,999
2 Marc Dr, Plymouth, MA 02360
Two-bedroom condominium with open living areas and a covered balcony.
Property Size943 SF
Price / SF$307.53
Days on Market181
Property Features for 2 Marc Dr
General Information
Standard status
Active
Size
943 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
private covered balcony
Central Air
Forced Air
3.0 Stories
$3,251 Taxes
Public
Built in 1986
Building Details
Year Built
1986
Listing Agency:
Keller Williams Realty Colonial Partners
(508) 591-7354
Listed By:
Selling South of Boston Team
(781) 389-5552
Source:
Donahuere
Added: May 3
Changed: Oct 25
Last Checked: Oct 28 at 4:37AM
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 Colonial Partners
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Investment Insights
Based on property information with market context.
This second-floor condominium at Summer Hill Condominiums contains 943 square feet with two bedrooms and two bathrooms. The interior uses an open arrangement connecting the kitchen, dining area, and living room, while a sliding door opens to a private, covered balcony. The primary bedroom includes its own en-suite bathroom.
A new heating and A/C system was installed in 2024. The condominium was built in 1986 and is located at 2 Marc Dr in Plymouth, Massachusetts.
A new heating and A/C system was installed in 2024. The condominium was built in 1986 and is located at 2 Marc Dr in Plymouth, Massachusetts.
Key Highlights
- 2 bedrooms and 2 bathrooms across 943 square feet
- Second‑floor condominium with open kitchen, dining, and living areas
- Private, covered balcony accessed through a sliding door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,688
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,760
$293.8K
Cap Rate 7%
$209,829
$209.8K
Cap Rate 9%
$163,200
$163.2K
Market Conditions
NOI Build-Up for 943 SF
Gross rent
$28.3K $30.00/SF
− Vacancy
−$1.6K −$1.68/SF
EGI
$26.7K $28.32/SF
− OpEx
−$12.0K −$12.74/SF
NOI
$14.7K $15.58/SF
Area
Plymouth County, MA
Vacancy
5.60%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,760
Cap Rate 7%
$209,829
Cap Rate 9%
$163,200
Alternative Uses
Best Use
Apartment 5plus
$209.8K
$183.6K – $244.8K
NOI $14,688 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$558.3K
$488.5K – $651.3K
NOI $39,078 @ 7.0% cap · market cap 13.48%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
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Business Placement
Demographics for 02360, MA
61,134
Population
28,598
Households
2.1
Avg Household Size
47
Median Age
45%
College-Educated
96%
High-School Grad
96.4 sq mi
ZIP Area
634
Density / Sq Mi
$111,975
Median Household Income
$55,595
Median Earnings
$1,831
Median Rent
$494,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with open living areas and a covered balcony.
Where is this residential income property located?
The property is located at 2 Marc Dr Plymouth, MA.
What is the asking price?
The asking price for this property is $289,999.
What are key features of this property?
This property features: 2 bedrooms and 2 bathrooms across 943 square feet; Second‑floor condominium with open kitchen, dining, and living areas; Private, covered balcony accessed through a sliding door
