Permitted Triplex with Independent
New
For Sale
$1,325,000
240 Plymouth St, Abington, MA 02351
Three separately accessed living areas offer kitchens, full baths, and distinct residential configurations within one property.
Property Size5,612 SF
Price / SF$236.10
Days on Market6
Property Features for 240 Plymouth St
General Information
Standard status
Active
Size
5,612 SF
Property subtype
2 Family - 2 Units Up/Down
Units
Unit Mix
1 x 4BR/2.5BA, 1 x 3BR/3BA, 1 x 1BR/1BA
Multifamily Units
3
Building Details
Building Size
5,612 SF
Year Built
1910
Listing Agency:
William Raveis R.E. & Home Services
(781) 801-4834
Listed By:
Cahill+Co. Team · License #452508574
(781) 801-4834
Source:
Iverty
Added: Aug 15
Changed: Aug 18
Last Checked: Aug 20 at 4:27AM
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 William Raveis R.E. & Home Services
Investment Insights
Based on property information with market context.
Built in 1910, this 5,612-square-foot property is configured as three permitted, self-contained residences. Each area has a private entrance, full kitchen, and complete living accommodations, creating a flexible triplex arrangement within one structure.
The primary residence includes four bedrooms and 2.5 baths. A townhouse-style residence provides three bedrooms and three baths, while a separate one-bedroom suite includes a full bath and four rooms. The property is identified as a legal and permitted three-residence single-family home. Any future conversion to a formal three-family arrangement or addition of a detached ADU would require applicable zoning, permitting, site, and municipal approvals.
The primary residence includes four bedrooms and 2.5 baths. A townhouse-style residence provides three bedrooms and three baths, while a separate one-bedroom suite includes a full bath and four rooms. The property is identified as a legal and permitted three-residence single-family home. Any future conversion to a formal three-family arrangement or addition of a detached ADU would require applicable zoning, permitting, site, and municipal approvals.
Key Highlights
- 5,612 SF property built in 1910
- Three permitted, self‑contained residences within one structure
- Primary residence offers 4 bedrooms and 2.5 baths
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$94,845
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,896,900
$1.9M
Cap Rate 7%
$1,354,929
$1.4M
Cap Rate 9%
$1,053,833
$1.1M
Market Conditions
NOI Build-Up for 5,612 SF
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.
Gross rent
$143.1K $25.50/SF
− Vacancy
−$7.6K −$1.36/SF
EGI
$135.5K $24.14/SF
− OpEx
−$40.6K −$7.24/SF
NOI
$94.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,896,900
Cap Rate 7%
$1,354,929
Cap Rate 9%
$1,053,833
Alternative Uses
Best Use
Multifamily LT 5
$1.35M
$1.19M – $1.58M
NOI $94,845 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,413 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$3.32M
$2.91M – $3.88M
NOI $232,560 @ 7.0% cap · market cap 17.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
211
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separately accessed living areas offer kitchens, full baths, and distinct residential configurations within one property.
Where is this triplex located?
The property is located at 240 Plymouth St Abington, MA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 5,612 SF property built in 1910; Three permitted, self‑contained residences within one structure; Primary residence offers 4 bedrooms and 2.5 baths
