East Weymouth Triplex
20 Lake Street Weymouth, MA 02189
20 Lake Street, Weymouth, MA, 02189
$890,000
For Sale
$890,000
Multi-unit triplex on a large lot near transit, with nearby shopping and local restaurants.
Property Size2,856 SF
Price / SF$311.62
Days on Market41
Property Features for 20 Lake Street
General Information
- Standard status
- Active
- Size
- 2,856 SF
- Property subtype
- Multi-family / 3 Family - 3 Units Side by Side
Building Details
- Year Built
- 1848
Listing agency
Law Offices of Douglas T. Babcock
(617) 571-5465
Listed by
Douglas T. Babcock · License #9633552
(617) 571-5465
Source
Compass
Added: Jun 12 Updated: Jul 21 at 2:54PM Checked: Jul 21 at 2:54PM
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 Law Offices of Douglas T. Babcock
Investment Insights
Based on property information with market context.
This multi-unit triplex offers income-producing residential space in a large-lot setting. The property is configured as a triplex, providing multiple units within a single investment asset.
20-24 Lake Street is located in a well-established Weymouth neighborhood with convenient transit access. Public remarks indicate it is about a 10-minute walk to the Red Line and roughly a 4-minute walk to nearby bus routes, with bustling shopping and local restaurants in the surrounding area.
As a multifamily residence, this offering may appeal to buyers looking to add units under one roof and bring the property to its full value through management and updates, subject to their own due diligence.
20-24 Lake Street is located in a well-established Weymouth neighborhood with convenient transit access. Public remarks indicate it is about a 10-minute walk to the Red Line and roughly a 4-minute walk to nearby bus routes, with bustling shopping and local restaurants in the surrounding area.
As a multifamily residence, this offering may appeal to buyers looking to add units under one roof and bring the property to its full value through management and updates, subject to their own due diligence.
Key Highlights
- East Weymouth multi‑unit triplex on a corner lot with a large lot size
- 3 full bathrooms and 1 half bathroom (total 4 baths)
- Built in 1848
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.1k | $27.00 |
| − Vacancy | −$4.0k | −$1.41 |
| EGI | $73.1k | $25.59 |
| − OpEx | −$21.9k | −$7.68 |
| NOI | $51.2k | $17.91 |
2,856 SF · lease $27.00/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$730.9K
$639.5K – $852.7K
NOI $51,161 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$674.3K
$590.1K – $786.7K
NOI $47,204 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,352 @ 7.0% cap · market cap 13.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Multi-unit triplex on a large lot near transit, with nearby shopping and local restaurants.
Where is this triplex located?
The property is located at 20 Lake Street Weymouth, MA.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: East Weymouth multi‑unit triplex on a corner lot with a large lot size; 3 full bathrooms and 1 half bathroom (total 4 baths); Built in 1848
