Duplex-Style Residential Income
41 First Parish Road Scituate, MA 02066
41 First Parish Road, Scituate, MA, 02066
$1,295,000
Pending
For Sale
$1,295,000
Pending
Well-kept home with a legal apartment, private outdoor space, and ample parking for flexible living or rental use.
Property Size4,601 SF
Days on Market49
Property Features for 41 First Parish Road
General Information
- Standard status
- Pending
- Size
- 4,601 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1973
Listing Agency
Keller Williams Realty Signature Properties
(781) 534-5607
Listed by
Susan Solis
(781) 534-5607
Source
Lockandkeyre
Added: Jun 2 Updated: Jul 10 at 1:48 pm Checked: Jul 20 at 4:37 am
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 Keller Williams Realty Signature Properties
Investment Insights
Based on property information with market context.
This implacably cared for residential income property features four large bedrooms, including two with ensuites, plus an additional 1.5 bathrooms. The home includes a sun room, a large kitchen, and a family and living/dining combination designed to accommodate everyday living and gatherings. A large private backyard with lush trees and gardens adds outdoor space, while a 2-car oversized garage offers extensive storage and a cedar closet.
The property is located just steps from Scituate Harbor and Peggotty Beach. It also offers convenience to local amenities, with shops, restaurants, beaches, walking paths, golf courses, and a marina described nearby. Access is further supported by its proximity to the Greenbush T Station, providing an easier commute between Boston and the Cape.
An on-site legal apartment includes its own parking and entrance, creating a practical setup for tenants, extended family, or supplemental income within the same property. With lots of parking and the separate apartment access, the layout supports privacy and straightforward day-to-day use while keeping the main residence comfortable for a full household.
The property is located just steps from Scituate Harbor and Peggotty Beach. It also offers convenience to local amenities, with shops, restaurants, beaches, walking paths, golf courses, and a marina described nearby. Access is further supported by its proximity to the Greenbush T Station, providing an easier commute between Boston and the Cape.
An on-site legal apartment includes its own parking and entrance, creating a practical setup for tenants, extended family, or supplemental income within the same property. With lots of parking and the separate apartment access, the layout supports privacy and straightforward day-to-day use while keeping the main residence comfortable for a full household.
Key Highlights
- Year built 1973 home with 4 large bedrooms, including 2 with ensuites, plus 1.5 additional bathrooms
- Includes a sun room and a large kitchen, with a family and living/dining combination for shared living space
- Legal apartment with its own parking and entrance for flexible living or rental use
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 | $117.3k | $25.50 |
| − Vacancy | −$6.2k | −$1.36 |
| EGI | $111.1k | $24.14 |
| − OpEx | −$33.3k | −$7.24 |
| NOI | $77.8k | $16.90 |
4,601 SF · lease $25.50/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$972.0K – $1.30M
NOI $77,759 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$1.02M
$895.8K – $1.19M
NOI $71,665 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$2.72M
$2.38M – $3.18M
NOI $190,664 @ 7.0% cap · market cap 14.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-kept home with a legal apartment, private outdoor space, and ample parking for flexible living or rental use.
Where is this duplex located?
The property is located at 41 First Parish Road Scituate, MA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Year built 1973 home with 4 large bedrooms, including 2 with ensuites, plus 1.5 additional bathrooms; Includes a sun room and a large kitchen, with a family and living/dining combination for shared living space; Legal apartment with its own parking and entrance for flexible living or rental use
