Multifamily Property with
New
For Sale
$989,000
41 Misty Meadow Rd, Pembroke, MA 02359
The multi-unit residence includes a covered deck, a finished basement room, and a two-car garage.
Property Size3,042 SF
Days on Market4
Property Features for 41 Misty Meadow Rd
General Information
Standard status
Active
Size
3,042 SF
Total Parking Spaces
12
Property subtype
Multifamily
Taxes and HOA fees
Annual Taxes
$10,626
Building Details
Building Size
3,042 SF
Year Built
1990
Listing Agency:
ELITE Realty Advisors
Listed By:
Ita Lynch
(617) 901-6470
Source:
Classifiedrealtygroup
Added: Sep 24
Last Checked: Sep 26 at 4:09AM
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 ELITE Realty Advisors
Investment Insights
Based on property information with market context.
Set on 6.41 acres, this multi-unit residential property has six bedrooms and 3 1/2 baths. Outdoor features include a swimming pool and an expanded covered deck, while the basement contains a finished bonus room. A two-car garage, additional storage, and second-floor laundry add to the property’s practical features.
The land abuts the North River. Shops, restaurants, highways, and local activities are described as minutes away.
The land abuts the North River. Shops, restaurants, highways, and local activities are described as minutes away.
Key Highlights
- 6.41 acres adjoining the North River
- Six bedrooms and 3 1/2 baths across a multi‑unit property
- Private swimming pool and expanded covered deck
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
$47,382
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
4.79%
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%
$947,640
$947.6K
Cap Rate 7%
$676,886
$676.9K
Cap Rate 9%
$526,467
$526.5K
Market Conditions
NOI Build-Up for 3,042 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
$91.3K $30.00/SF
− Vacancy
−$5.1K −$1.68/SF
EGI
$86.1K $28.32/SF
− OpEx
−$38.8K −$12.74/SF
NOI
$47.4K $15.58/SF
Area
Plymouth County, MA
Vacancy
5.60%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
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%
$947,640
Cap Rate 7%
$676,886
Cap Rate 9%
$526,467
Alternative Uses
Best Use
Apartment 5plus
$676.9K
$592.3K – $789.7K
NOI $47,382 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,060 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
Explore this area
Business Placement
Demographics for 02359, MA
18,361
Population
7,173
Households
2.6
Avg Household Size
43
Median Age
46%
College-Educated
97%
High-School Grad
21.8 sq mi
ZIP Area
842
Density / Sq Mi
$141,332
Median Household Income
$69,860
Median Earnings
$2,413
Median Rent
$550,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - The multi-unit residence includes a covered deck, a finished basement room, and a two-car garage.
Where is this multifamily property located?
The property is located at 41 Misty Meadow Rd Pembroke, MA.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: 6.41 acres adjoining the North River; Six bedrooms and 3 1/2 baths across a multi‑unit property; Private swimming pool and expanded covered deck
