Two-Unit Duplex with Corner
New
For Sale
$710,000
43 Alden St, Plymouth, MA 02360
Year-round multifamily property with separate living areas, kitchens, and convenient off-street parking.
Property Size1,728 SF
Days on Market3
Property Features for 43 Alden St
General Information
Standard status
Active
Size
1,728 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$6,155
Building Details
Building Size
1,728 SF
Year Built
1862
Listing Agency:
Lucido Real Estate, LLC
Listed By:
Sharon Lucido · License #448010879
(508) 294-5630
Source:
Donnellyandco
Added: Sep 1
Changed: Sep 2
Last Checked: Sep 2 at 1:50PM
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 Lucido Real Estate, LLC
Investment Insights
Based on property information with market context.
Located at 43 Alden St in Plymouth, this 1,728-square-foot duplex was built in 1862 and occupies a level, cleared corner lot. The property contains two separate units, each with 2 bedrooms, 1 bath, a living room, and a kitchen. A fireplace serves the first-floor unit, while the full unfinished basement provides additional storage. Four off-street parking spaces are included, and the property is zoned R20S.
The duplex fronts a public paved road maintained by the municipality and includes sidewalks. Public transportation, shopping, schools, parks, conservation areas, bike paths, walk/jog trails, a marina, and highway access are nearby. Nelson Beach and Plymouth Long Beach are approximately 3 to 5 miles away, adding access to swimming, beach walks, and other summer activities.
The duplex fronts a public paved road maintained by the municipality and includes sidewalks. Public transportation, shopping, schools, parks, conservation areas, bike paths, walk/jog trails, a marina, and highway access are nearby. Nelson Beach and Plymouth Long Beach are approximately 3 to 5 miles away, adding access to swimming, beach walks, and other summer activities.
Key Highlights
- Two separate units, each with 2 bedrooms and 1 bath
- 1,728 SF duplex built in 1862
- Level, cleared corner lot at 43 Alden St
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
$29,204
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
4.11%
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%
$584,080
$584.1K
Cap Rate 7%
$417,200
$417.2K
Cap Rate 9%
$324,489
$324.5K
Market Conditions
NOI Build-Up for 1,728 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
$44.1K $25.50/SF
− Vacancy
−$2.3K −$1.36/SF
EGI
$41.7K $24.14/SF
− OpEx
−$12.5K −$7.24/SF
NOI
$29.2K $16.90/SF
Area
Plymouth County, MA
Vacancy
5.32%
Lease Rate
$25.50 /SF/Yr
Expense Ratio
30.00%
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%
$584,080
Cap Rate 7%
$417,200
Cap Rate 9%
$324,489
Alternative Uses
Best Use
Multifamily LT 5
$417.2K
$365.1K – $486.7K
NOI $29,204 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$384.5K
$336.4K – $448.6K
NOI $26,915 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$1.02M
$895.1K – $1.19M
NOI $71,608 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
615
Businesses Nearby
Explore this area
Business Placement
Demographics for 02360, MA
61,134
Population
28,598
Households
2.1
Avg Household Size
47
Median Age
45%
College-Educated
96%
High-School Grad
96.4 sq mi
ZIP Area
634
Density / Sq Mi
$111,975
Median Household Income
$55,595
Median Earnings
$1,831
Median Rent
$494,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Year-round multifamily property with separate living areas, kitchens, and convenient off-street parking.
Where is this duplex located?
The property is located at 43 Alden St Plymouth, MA.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Two separate units, each with 2 bedrooms and 1 bath; 1,728 SF duplex built in 1862; Level, cleared corner lot at 43 Alden St
