Six-Unit Residential Income
4-6 Prince Street Plymouth, MA 02360
4-6 Prince Street, Plymouth, MA, 02360
$1,500,000
For Sale
$1,500,000
Income property with six two-bedroom, one-bath units featuring hardwood floors and gas heat.
Property Size3,696 SF
Price / SF$405.84
Days on Market98
Property Features for 4-6 Prince Street
General Information
- Standard status
- Active
- Size
- 3,696 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Town and Country Realty Massachusetts
(339) 933-0932
Listed by
Janet Gillis · License #455022892
Source
Rosenrealty
Added: Apr 16 Updated: Jul 22 at 6:20AM Checked: Jul 22 at 6:20AM
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 Town and Country Realty Massachusetts
Investment Insights
Based on property information with market context.
This six-unit residential income property features six two-bedroom, one-bath apartments. Each unit includes hardwood floors, a full tub-and-shower bath, and gas heat. Recent capital improvements include a new roof completed in 2025, replacement windows installed in 2022, and a freshly paved parking lot from 2021.
The property is located in North Plymouth and offers convenient proximity to Nelson Memorial Beach Park on Plymouth Bay, which includes a sandy beach, playground, splash pad, boat ramp, picnic areas, restrooms, and a harbor bike path. Access to historic downtown Plymouth waterfront, Plymouth Rock, Mayflower II, Pilgrim Hall Museum, Water Street dining and shopping, and the North Plymouth Rail Trail is also described as nearby.
The building presents a straightforward multifamily configuration with established in-unit layouts and key exterior/major system upgrades already completed.
The property is located in North Plymouth and offers convenient proximity to Nelson Memorial Beach Park on Plymouth Bay, which includes a sandy beach, playground, splash pad, boat ramp, picnic areas, restrooms, and a harbor bike path. Access to historic downtown Plymouth waterfront, Plymouth Rock, Mayflower II, Pilgrim Hall Museum, Water Street dining and shopping, and the North Plymouth Rail Trail is also described as nearby.
The building presents a straightforward multifamily configuration with established in-unit layouts and key exterior/major system upgrades already completed.
Key Highlights
- Six‑unit income property in North Plymouth with six 2‑bedroom, 1‑bath apartments
- Each unit features hardwood floors, full bath with tub/shower, and gas heat
- New roof completed in 2025
Local Financial Insights For Apartment 5plus
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 | $110.9k | $30.00 |
| − Vacancy | −$6.2k | −$1.68 |
| EGI | $104.7k | $28.32 |
| − OpEx | −$47.1k | −$12.74 |
| NOI | $57.6k | $15.58 |
3,696 SF · lease $30.00/SF/yr · vacancy 5.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$822.4K
$719.6K – $959.5K
NOI $57,569 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.19M
$1.91M – $2.55M
NOI $153,161 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Income property with six two-bedroom, one-bath units featuring hardwood floors and gas heat.
Where is this apartment building located?
The property is located at 4-6 Prince Street Plymouth, MA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Six‑unit income property in North Plymouth with six 2‑bedroom, 1‑bath apartments; Each unit features hardwood floors, full bath with tub/shower, and gas heat; New roof completed in 2025
