Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Duplex-Style Residential Income Property Title is generated by Realmo AI

    41 First Parish Road, Scituate, MA 02066

    View on Map
    Claim this Listing
    New
    For Sale
    $1,295,000

    Well-kept home with a legal apartment, private outdoor space, and ample parking for flexible living or rental use.

    Type:Multi Family
    Property size:
    4,601 SF
    Price / SF:
    $281/SF
    Added:
    Jun 2, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 5 at 2:04 am

    Property Features for 41 First Parish Road

    General Information

    Standard status
    Active
    Size
    4,601 SF
    Property subtype
    Multi Family

    Building Details

    Year Built
    1973

    We can help!

    Listing Contact
    Susan Solis
    Susan Solis

    Listing agent Susan Solis

    Listing office Keller Williams Realty Signature Properties

    Listing date Jun 2, 2026

    Source Lockandkeyre

    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

    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
    • Large private backyard with lush trees and gardens
    • 2‑car oversized garage with extensive storage, cedar closet, and lots of parking
    • Steps from Scituate Harbor and Peggotty Beach, with Greenbush T Station nearby

    Overview

    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.

    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 (±1% cap)
    NOI $77,759 @ 7.0% cap · market cap 6.00%
    Second Best
    Apartment 5plus
    $1.02M
    $895.8K – $1.19M (±1% cap)
    NOI $71,665 @ 7.0% cap · market cap 5.53%
    Theoretical Best
    Office A
    $2.72M
    $2.38M – $3.18M (±1% cap)
    NOI $190,664 @ 7.0% cap · market cap 14.72%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Scituate
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.7291079
    Latitude
    42.192094

    Nearby Similar for Sale

    • $1,295,000
      4,601 SF

      Multi-Family Residence with Legal Apartment

      A well-kept residential income property with a legal apartment, abundant living space, and convenient access to area beaches.
      41 First Parish Road, Scituate, MA 02066
      View Details
    • $739,000

      Scituate Harbor Mixed-Use Opportunity

      Mixed-use or multi-family development opportunity in Scituate Harbor.
      10 Allen Pl, Scituate, MA 02066
      View Details

    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
    (781) 534-5607
    We can help!
    Listing Contact
    Susan Solis
    Susan Solis
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    41 First Parish Road, Scituate, MA 02066
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!