3-Unit Triplex with
218-220 Whitman Ave, Whitman, MA 02351
For Sale
$1,150,000
Pending
Each residence includes in-unit laundry, a private deck, and a similar three-bedroom, one-and-a-half-bath layout.
Property Size5,373 SF
Days on Market16
Property Features for 218-220 Whitman Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
deck
Full,Walk-Out Access,Interior Entry,Concrete
Wood,Vinyl,Carpet,Hardwood
3
Yes
6
No
9
Insulated Windows
Washer & Dryer Hookup,Electric Dryer Hookup,Washer Hookup
Public Record
Ceiling Fan(s),Lead Certification Available,High Speed Internet,Upgraded Cabinets,Upgraded Countertops,Walk-In Closet(s),Bathroom With Tub & Shower,Remodeled,Internet Available - Broadband,Internet A
5373
Corner Lot
Public
Insulated Doors
0.17
Paved Drive,Off Street,Tandem,Assigned,Paved
Balcony/Deck
Concrete Perimeter,Block,Stone
Building Details
Building Size
Year Built
Year Renovated
Stories
Listing Agency:
Century 21 North East
Listed By:
Jeff Parkhurst
Source:
Jrpierre
Added: Oct 26
Changed: Nov 9
Last Checked: Nov 9 at 4:53PM
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 Century 21 North East
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This triplex contains three similarly configured residences, each offering 1,790 square feet, three bedrooms, one-and-a-half baths, a walk-in closet, and in-unit laundry. Kitchens include a range, refrigerator, dishwasher, and microwave; each home also has a washer and dryer. Refinished hardwood flooring, bedroom carpet, and vinyl are found across the interiors, with a deck assigned to each residence. The property was renovated to the studs in 2018, with electrical, plumbing, and heating systems, doors, and windows replaced. The rubber roof dates to 2016.
Set on a 0.17-acre corner lot in Whitman, the property has nine dedicated parking spaces. The MBTA Commuter Rail and a public park are within walking distance. Zoning is GR.
Set on a 0.17-acre corner lot in Whitman, the property has nine dedicated parking spaces. The MBTA Commuter Rail and a public park are within walking distance. Zoning is GR.
Key Highlights
- Three residences, each with 1,790 square feet and a three‑bedroom, one‑and‑a‑half‑bath layout
- 2018 gut renovation included new electrical, plumbing, heating, doors, and windows
- Rubber roof installed in 2016
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,806
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,816,120
$1.8M
Cap Rate 7%
$1,297,229
$1.3M
Cap Rate 9%
$1,008,956
$1.0M
Market Conditions
NOI Build-Up for 5,373 SF
Gross rent
$137.0K $25.50/SF
− Vacancy
−$7.3K −$1.36/SF
EGI
$129.7K $24.14/SF
− OpEx
−$38.9K −$7.24/SF
NOI
$90.8K $16.90/SF
Area
Plymouth County, MA
Vacancy
5.32%
Lease Rate
$25.50 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,816,120
Cap Rate 7%
$1,297,229
Cap Rate 9%
$1,008,956
Alternative Uses
Best Use
Multifamily LT 5
$1.30M
$1.14M – $1.51M
NOI $90,806 @ 7.0% cap · market cap 7.90%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.39M
NOI $83,690 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$3.18M
$2.78M – $3.71M
NOI $222,656 @ 7.0% cap · market cap 19.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
Explore this area
Business Placement
Demographics for 02351, MA
17,085
Population
6,576
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
96%
High-School Grad
10.0 sq mi
ZIP Area
1,709
Density / Sq Mi
$119,787
Median Household Income
$61,646
Median Earnings
$1,547
Median Rent
$516,300
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Plymouth County, MA
Properties on Market for Triplexes in Plymouth County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence includes in-unit laundry, a private deck, and a similar three-bedroom, one-and-a-half-bath layout.
Where is this triplex located?
The property is located at 218-220 Whitman Ave Whitman, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Three residences, each with 1,790 square feet and a three‑bedroom, one‑and‑a‑half‑bath layout; 2018 gut renovation included new electrical, plumbing, heating, doors, and windows; Rubber roof installed in 2016
