Updated Two-Family
New
For Sale
$899,000
27 High Street, Weymouth, MA 02189
Corner-lot duplex with two apartments, private laundry, central air, hardwood floors, and off-street parking.
Property Size2,234 SF
Price / SF$402.42
Days on Market5
Property Features for 27 High Street
General Information
Standard status
Active
Size
2,234 SF
Property subtype
Multi-family
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
central air conditioning
washer and dryer
hardwood floors
Building Details
Year Built
1883
Buildings
1
Listing Agency:
LAER Realty Partners
Listed By:
Manoel Neto · License #9049714
(844) 687-5237
Source:
Lindorealtygroup
Added: Sep 2
Changed: Sep 5
Last Checked: Sep 5 at 7:59AM
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 LAER Realty Partners
Investment Insights
Based on property information with market context.
This two-family duplex contains two separate apartments, each equipped with central air conditioning, a washer and dryer, and hardwood flooring. The property occupies a corner lot and provides off-street parking. Improvements include updated kitchens, fresh interior paint, newer heating and air-conditioning systems, and a newer water heater. Built in 1883, the home combines its original construction date with recent system and interior updates.
The property is located near East Weymouth Commuter Rail and a bus stop, with Osprey Park, More-Brewer Park, schools, shopping, and restaurants also identified nearby. Its two-apartment configuration supports both owner occupancy and rental use.
The property is located near East Weymouth Commuter Rail and a bus stop, with Osprey Park, More-Brewer Park, schools, shopping, and restaurants also identified nearby. Its two-apartment configuration supports both owner occupancy and rental use.
Key Highlights
- Two‑family duplex with two separate apartments
- Central air conditioning, washer and dryer, and hardwood floors in each apartment
- Corner‑lot setting with off‑street parking
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
$40,019
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
4.45%
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%
$800,380
$800.4K
Cap Rate 7%
$571,700
$571.7K
Cap Rate 9%
$444,656
$444.7K
Market Conditions
NOI Build-Up for 2,234 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
$60.3K $27.00/SF
− Vacancy
−$3.1K −$1.41/SF
EGI
$57.2K $25.59/SF
− OpEx
−$17.2K −$7.68/SF
NOI
$40.0K $17.91/SF
Area
Norfolk County, MA
Vacancy
5.22%
Lease Rate
$27.00 /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%
$800,380
Cap Rate 7%
$571,700
Cap Rate 9%
$444,656
Alternative Uses
Best Use
Multifamily LT 5
$571.7K
$500.2K – $667.0K
NOI $40,019 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$527.5K
$461.6K – $615.4K
NOI $36,924 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,576 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
Demographics for 02189, MA
15,123
Population
6,689
Households
2.3
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
4.0 sq mi
ZIP Area
3,781
Density / Sq Mi
$91,842
Median Household Income
$53,785
Median Earnings
$1,732
Median Rent
$463,300
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?
Duplex - Corner-lot duplex with two apartments, private laundry, central air, hardwood floors, and off-street parking.
Where is this duplex located?
The property is located at 27 High Street Weymouth, MA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two‑family duplex with two separate apartments; Central air conditioning, washer and dryer, and hardwood floors in each apartment; Corner‑lot setting with off‑street parking
