Mixed-Use Income
41 Summer Street Kingston, MA 02364
For Sale
$849,000
Mixed-use building with five income-producing units, including two commercial and three residential spaces, with separately metered utilities.
Property Size4,301 SF
Price / SF$197.40
Days on Market85
Property Features for 41 Summer Street
General Information
Standard status
Active
Size
4,301 SF
Property subtype
Commercial
Building Details
Year Built
1878
Listing Agency:
William Raveis R.E. & Homes Services
Listed By:
Anne E. Cresswell
(781) 933-7200
Source:
Jmulkerinrealty
Added: May 7
Changed: Jul 27
Last Checked: Jul 28 at 10:05PM
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 William Raveis R.E. & Homes Services
Investment Insights
Based on property information with market context.
41 Summer Street is a mixed-use income building featuring five income-producing units, including two commercial spaces and three residential units. The property has separately metered utilities, and both the commercial and residential areas have undergone recent renovations.
Located in downtown Kingston on the South Shore, the building is positioned near town offices and the library, with commuter rail access and Route 3 in the immediate area.
For tenants, buyers, and brokers looking for an established multi-unit structure with a split commercial/residential configuration, this property offers a straightforward setup and independently metered utilities across its units.
Located in downtown Kingston on the South Shore, the building is positioned near town offices and the library, with commuter rail access and Route 3 in the immediate area.
For tenants, buyers, and brokers looking for an established multi-unit structure with a split commercial/residential configuration, this property offers a straightforward setup and independently metered utilities across its units.
Key Highlights
- Five income‑producing units in a mixed‑use building: 2 commercial and 3 residential
- Year built: 1878
- Separately metered utilities for the commercial and residential spaces
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 | $109.7k | $25.50 |
| − Vacancy | −$5.8k | −$1.36 |
| EGI | $103.8k | $24.14 |
| − OpEx | −$31.2k | −$7.24 |
| NOI | $72.7k | $16.90 |
4,301 SF · lease $25.50/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$908.6K – $1.21M
NOI $72,689 @ 7.0% cap · market cap 8.56%
Second Best
Retail
$1.01M
$883.3K – $1.18M
NOI $70,667 @ 7.0% cap · market cap 8.32%
Theoretical Best
Office A
$2.55M
$2.23M – $2.97M
NOI $178,232 @ 7.0% cap · market cap 20.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with five income-producing units, including two commercial and three residential spaces, with separately metered utilities.
Where is this mixed-use property located?
The property is located at 41 Summer Street Kingston, MA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Five income‑producing units in a mixed‑use building: 2 commercial and 3 residential; Year built: 1878; Separately metered utilities for the commercial and residential spaces
