Multifamily Property with
41 Misty Meadow Rd, Pembroke, MA 02359
For Sale
$989,000
Pending
The multi-unit residence includes a covered deck, a finished basement room, and a two-car garage.
Property Size3,042 SF
Days on Market51
Property Features for 41 Misty Meadow Rd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
ELITE Realty Advisors
Listed By:
Ita Lynch
(617) 901-6470
Source:
Classifiedrealtygroup
Added: Sep 24
Changed: Nov 8
Last Checked: Nov 12 at 4:50AM
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
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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 / Yr
$47,382
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
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
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 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.
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Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
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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
$550,300
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Plymouth County, MA
Properties on Market for Multifamily properties in Plymouth County
Vacancy Rate% for Multifamily in Northeast region
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
