Mixed-Use Building in Kingston,
41 Summer Street Kingston Kingston, MA 02364
41 Summer Street Kingston, Kingston, MA, 02364
$899,000
For Sale
$899,000
Mixed-use building with commercial and residential units in Kingston.
Property Size2,000 SF
Price / SF$449.50
Days on Market68
Property Features for 41 Summer Street Kingston
General Information
- Standard status
- Active
- Size
- 2,000 SF
Building Details
- Year Built
- 1878
Listing agency
(508) 501-1443
Listed by
Alyson Roslonek
(508) 501-1443
Source
Milestonerealtyinc
Added: May 15 Updated: Jul 10 at 1:42PM Checked: Jul 21 at 3:38AM
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 Alyson Roslonek
Investment Insights
Based on property information with market context.
Located in the historical town of Kingston, Plymouth County, Massachusetts, on the South Shore, 41 Summer Street is a mixed-use building. The property is situated minutes from the Commuter Rail, Kingston Public Library, Town Offices, and the highway. The building includes two commercial office spaces on the ground level, one of which has been completely renovated. The third level features three one-bedroom, one-bath units, with one unit newly remodeled. There are 8 parking spaces available. The basement level provides two separate storage units. This property presents a potential opportunity for investors, featuring three single-bedroom units and two retail outlets. The property size is 2000 square feet.
Key Highlights
- Mixed‑use building featuring 2 commercial spaces and 3 residential units.
- Located in the historical town of Kingston, MA.
- Minutes to Commuter Rail, Kingston Public Library, Town Offices and Highway.
Local Financial Insights For Office B
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 | $67.2k | $33.60 |
| − Vacancy | −$11.4k | −$5.71 |
| EGI | $55.8k | $27.89 |
| − OpEx | −$13.9k | −$6.97 |
| NOI | $41.8k | $20.92 |
2,000 SF · lease $33.60/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$597.6K
$522.9K – $697.2K
NOI $41,832 @ 7.0% cap · market cap 4.65%
Second Best
Apartment 5plus
$445.0K
$389.4K – $519.2K
NOI $31,152 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,879 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with commercial and residential units in Kingston.
Where is this mixed-use property located?
The property is located at 41 Summer Street Kingston Kingston, MA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Mixed‑use building featuring 2 commercial spaces and 3 residential units.; Located in the historical town of Kingston, MA.; Minutes to Commuter Rail, Kingston Public Library, Town Offices and Highway.
