Three-Unit Residential
For Sale
$749,900
28 Main Street, Kingston, MA 02364
Three separate units include a first-floor eat-in kitchen, updated second unit, and a studio-style third unit.
Property Size2,526 SF
Price / SF$296.87
Days on Market186
Property Features for 28 Main Street
General Information
Standard status
Active
Size
2,526 SF
Total Parking Spaces
5
Property subtype
Multi-Family
Zoning
x
Additional Details
Highway Access
Yes
Multifamily Units
3
Building Details
Building Size
2,526 SF
Year Built
1890
Stories
2
Listing Agency:
eXp Realty
Listed By:
Kathie Palm · License #455000786
(508) 320-5115
Source:
Cjbarrett
Added: Apr 28
Changed: Oct 25
Last Checked: Aug 19 at 4:13AM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This three-family residential income property offers three distinct units. The first-floor unit features 2–3 bedrooms, a large eat-in kitchen, a dedicated laundry room, and access to a farmer’s porch. Unit 2 has a newer kitchen, bath, and flooring. The third unit is a studio with a bedroom/living-room combination, a small eat-in kitchen, and a laundry/pantry area. Appliances are included, and the property has a nice level yard with plenty of parking.
The building is located in Kingston with convenient access to Route 3 and the Kingston train station. The area includes nearby restaurants, and the remarks note that downtown Plymouth and the ocean are within reach.
The configuration supports a straightforward three-tenant setup, with separate layouts across the first-floor unit, a recently updated second unit, and a compact third studio unit.
The building is located in Kingston with convenient access to Route 3 and the Kingston train station. The area includes nearby restaurants, and the remarks note that downtown Plymouth and the ocean are within reach.
The configuration supports a straightforward three-tenant setup, with separate layouts across the first-floor unit, a recently updated second unit, and a compact third studio unit.
Key Highlights
- 3‑family home in Kingston with 3 separate rental units
- Ocean waterfront description and a level yard with 5 total off‑street parking spaces
- Central air and forced‑air natural gas heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,690
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$853,800
$853.8K
Cap Rate 7%
$609,857
$609.9K
Cap Rate 9%
$474,333
$474.3K
Market Conditions
NOI Build-Up for 2,526 SF
Gross rent
$64.4K $25.50/SF
− Vacancy
−$3.4K −$1.36/SF
EGI
$61.0K $24.14/SF
− OpEx
−$18.3K −$7.24/SF
NOI
$42.7K $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%
$853,800
Cap Rate 7%
$609,857
Cap Rate 9%
$474,333
Alternative Uses
Best Use
Multifamily LT 5
$609.9K
$533.6K – $711.5K
NOI $42,690 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$562.1K
$491.8K – $655.8K
NOI $39,345 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$1.50M
$1.31M – $1.74M
NOI $104,677 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
Explore this area
Business Placement
Demographics for 02364, MA
13,708
Population
5,658
Households
2.4
Avg Household Size
43
Median Age
49%
College-Educated
99%
High-School Grad
18.6 sq mi
ZIP Area
737
Density / Sq Mi
$115,863
Median Household Income
$59,955
Median Earnings
$1,157
Median Rent
$562,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate units include a first-floor eat-in kitchen, updated second unit, and a studio-style third unit.
Where is this triplex located?
The property is located at 28 Main Street Kingston, MA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 3‑family home in Kingston with 3 separate rental units; Ocean waterfront description and a level yard with 5 total off‑street parking spaces; Central air and forced‑air natural gas heating
