Renovated Two-Unit
For Sale
$759,000
Pending
218 Standish Ave, Plymouth, MA 02360
Updated interiors and a finished lower level complement substantial on-site garage and storage capacity.
Property Size2,210 SF
Lot Size0.44 Acres
Days on Market54
Property Features for 218 Standish Ave
General Information
Standard status
Pending
Size
2,210 SF
Total Parking Spaces
4
Lot size
0.44 Acres
Property subtype
Investment
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,467
Amenities
finished lower level
yard
Building Details
Building Size
2,210 SF
Year Built
1900
Buildings
1
Stories
3
Units
2
Listed By:
Nick Rivers
(781) 974-8830
Source:
Elliman
Added: Aug 26
Changed: Oct 9
Last Checked: Oct 16 at 11:12AM
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 Nick Rivers
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Investment Insights
Based on property information with market context.
This two-family duplex has been renovated with updated finishes and hardwood flooring throughout. Each unit includes two bedrooms, while the finished lower level adds flexible space that can serve as a guest suite, home office, or in-law arrangement. The property sits on a .44-acre lot with twin two-car garages providing four total bays, along with yard space for tenants or owner-occupants.
Located minutes from Downtown Plymouth, the waterfront, shops, restaurants, breweries, and the harbor, the property also offers access to Route 3 for commuters. Built in 1900, it combines established residential construction with updated interiors and existing rental income.
Located minutes from Downtown Plymouth, the waterfront, shops, restaurants, breweries, and the harbor, the property also offers access to Route 3 for commuters. Built in 1900, it combines established residential construction with updated interiors and existing rental income.
Key Highlights
- Two‑family duplex with 2 bedrooms in each unit
- Renovated interiors with hardwood floors and updated finishes
- Finished lower level for guest, office, or in‑law use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,350
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,000
$747.0K
Cap Rate 7%
$533,571
$533.6K
Cap Rate 9%
$415,000
$415.0K
Market Conditions
NOI Build-Up for 2,210 SF
Gross rent
$56.4K $25.50/SF
− Vacancy
−$3.0K −$1.36/SF
EGI
$53.4K $24.14/SF
− OpEx
−$16.0K −$7.24/SF
NOI
$37.3K $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%
$747,000
Cap Rate 7%
$533,571
Cap Rate 9%
$415,000
Alternative Uses
Best Use
Multifamily LT 5
$533.6K
$466.9K – $622.5K
NOI $37,350 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$491.8K
$430.3K – $573.7K
NOI $34,423 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$1.31M
$1.14M – $1.53M
NOI $91,582 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Updated interiors and a finished lower level complement substantial on-site garage and storage capacity.
Where is this duplex located?
The property is located at 218 Standish Ave Plymouth, MA.
What is the asking price?
The asking price for this property is $759,000.
What are key features of this property?
This property features: Two‑family duplex with 2 bedrooms in each unit; Renovated interiors with hardwood floors and updated finishes; Finished lower level for guest, office, or in‑law use
