Three-Unit Residential
28 Main Street Kingston, MA 02364
28 Main Street, Kingston, MA, 02364
$749,900
For Sale
$749,900
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 Market86
Property Features for 28 Main Street
General Information
- Standard status
- Active
- Size
- 2,526 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1890
Listing agency
eXp Realty
(508) 320-5115
Listed by
Kathie Palm · License #455000786
Source
Reishomesearch
Added: Apr 29 Updated: Jul 22 at 10:46AM Checked: Jul 22 at 10:46AM
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
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
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.4k | $25.50 |
| − Vacancy | −$3.4k | −$1.36 |
| EGI | $61.0k | $24.14 |
| − OpEx | −$18.3k | −$7.24 |
| NOI | $42.7k | $16.90 |
2,526 SF · lease $25.50/SF/yr · vacancy 5.32% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
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
