Plymouth Sober House
230 Summer Street, Plymouth, MA 02360
For Sale
$1,490,000
MASH certified sober house with long-term triple net lease.
Property Size3,814 SF
Lot Size2.24 Acres
Price / SF$390.67
Days on Market470
Property Features for 230 Summer Street
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Year Built
Listing Agency:
JMR Commercial RE Services
Listed By:
J. Murray Regan
(617) 851-3458
Source:
Stevebremis
Added: Jul 31, 2025
Changed: Aug 8
Last Checked: Aug 22 at 3:44AM
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 JMR Commercial RE Services
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Investment Insights
Based on property information with market context.
Located at 230 Summer St in Plymouth, this sober house offers a secure investment opportunity in a sought-after location. Constructed in 1845 and renovated in 2023-24, the residence provides 3,814 square feet of living space on a 97,537 square foot lot. The property is MASH certified for 22 beds and is leased on a pure triple net basis for 20 years, commencing in April 2023, with annual rent increases of 2.5%. The current rent is $134,087, providing a 9.00% yield for the investor. This property is suitable for a 1031 exchange buyer. It can be purchased together with another MASH certified 24-bed sober house at 4 Nook Rd in Plymouth, which has an identical yield profile.
Key Highlights
- MASH Certified sober house with 22 beds.
- Long‑term, pure triple net lease in place for 20 years (commenced April 2023) providing stable, passive income.
- Attractive 9.00% yield on current rent of $134,087, offering a strong return on investment.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,123
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,422,460
$1.4M
Cap Rate 7%
$1,016,043
$1.0M
Cap Rate 9%
$790,256
$790.3K
Market Conditions
NOI Build-Up for 3,814 SF
Gross rent
$128.2K $33.60/SF
− Vacancy
−$9.6K −$2.52/SF
EGI
$118.5K $31.08/SF
− OpEx
−$47.4K −$12.43/SF
NOI
$71.1K $18.65/SF
Area
Plymouth County, MA
Vacancy
7.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,422,460
Cap Rate 7%
$1,016,043
Cap Rate 9%
$790,256
Alternative Uses
Best Use
Healthcare Medical
$1.02M
$889.0K – $1.19M
NOI $71,123 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.63M
NOI $158,051 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
298
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?
Rehabilitation center - MASH certified sober house with long-term triple net lease.
Where is this rehabilitation center located?
The property is located at 230 Summer Street Plymouth, MA.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: MASH Certified sober house with 22 beds.; Long‑term, pure triple net lease in place for 20 years (commenced April 2023) providing stable, passive income.; Attractive 9.00% yield on current rent of $134,087, offering a strong return on investment.
