Updated Duplex with Two-Level
For Sale
$750,000
36 Oak Street, Plymouth, MA 02360
Both units feature updated kitchens and bathrooms, in-unit laundry, and hardwood floors, with a two-level layout in the second unit.
Property Size2,025 SF
Price / SF$370.37
Days on Market59
Property Features for 36 Oak Street
General Information
Standard status
Active
Size
2,025 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Amenities
updated kitchens
updated bathrooms
white shaker cabinets
stainless steel appliances
hardwood floors
modern finishes throughout
separate utilities
newer heating system
in-unit laundry
large front porch
rear deck
private yard
paved driveway
ample off-street parking
Building Details
Year Built
1920
Listing Agency:
Ryan Realty Group LLC
Listed By:
Patrick Ryan
(413) 549-5555
Source:
Fivecollegerealtors
Added: Jul 11
Changed: Sep 6
Last Checked: Sep 6 at 9:46AM
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 Ryan Realty Group LLC
Investment Insights
Based on property information with market context.
This updated duplex offers move-in-ready residential income with finishes and updates in both units. Each unit includes updated kitchens and bathrooms with white shaker cabinets, stainless steel appliances, and hardwood floors, along with modern finishes throughout. The second unit spans two levels, providing additional living space and flexibility. Practical improvements and day-to-day comforts include separate utilities, a newer heating system, in-unit laundry, and outdoor space consisting of a large front porch, rear deck, and private yard. Off-street parking is supported by a paved driveway with ample capacity.
Conveniently located just minutes from downtown Plymouth, the property is also near the waterfront, restaurants, shopping, and Route 3.
Conveniently located just minutes from downtown Plymouth, the property is also near the waterfront, restaurants, shopping, and Route 3.
Key Highlights
- Updated duplex built in 1920 with two units featuring updated kitchens and bathrooms
- Each unit includes in‑unit laundry and hardwood floors
- Second unit has a two‑level layout for added living space
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
$34,223
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
4.56%
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%
$684,460
$684.5K
Cap Rate 7%
$488,900
$488.9K
Cap Rate 9%
$380,256
$380.3K
Market Conditions
NOI Build-Up for 2,025 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
$51.6K $25.50/SF
− Vacancy
−$2.7K −$1.36/SF
EGI
$48.9K $24.14/SF
− OpEx
−$14.7K −$7.24/SF
NOI
$34.2K $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%
$684,460
Cap Rate 7%
$488,900
Cap Rate 9%
$380,256
Alternative Uses
Best Use
Multifamily LT 5
$488.9K
$427.8K – $570.4K
NOI $34,223 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$450.6K
$394.3K – $525.7K
NOI $31,541 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,915 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,437
Businesses Nearby
Explore this area
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
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 - Both units feature updated kitchens and bathrooms, in-unit laundry, and hardwood floors, with a two-level layout in the second unit.
Where is this duplex located?
The property is located at 36 Oak Street Plymouth, MA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Updated duplex built in 1920 with two units featuring updated kitchens and bathrooms; Each unit includes in‑unit laundry and hardwood floors; Second unit has a two‑level layout for added living space
