Colonial Two-Unit
New
For Sale
$710,000
43 Alden Street, Plymouth, MA 02360
Multi-Family, Colonial, Plymouth, MA
Property Size1,728 SF
Lot Size0.17 Acres
Price / SF$410.88
Days on Market3
Property Features for 43 Alden Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
R20S
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 4, Basement
Parking
4
Parking features
Off Street
Patio and Porch features
Porch
Exterior features
Private Yard
Fireplace
1
Basement
Full
Appliances
Water Heater
Lot features
Corner Lot, Cleared, Level
Elementary school district
Plymouth
Middle school district
Plymouth
High school district
Plymouth
Directions
3A to Allerton, to Alden or Samoset to Westerly to Alden
Subdivision
Plymouth
Standard status
Active
APN
PLYM M:0031 B:0000 L:0014
Size
1,728 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5855
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1862
Floors in Building
2
Number of units
2
Flooring type
Wood, Tile, Vinyl
Building materials
Shingle Siding
Roof type
Asphalt
Architectural style
Colonial
Listing Agency:
Lucido Real Estate, LLC
(508) 888-3727
Listed By:
Sharon Lucido · License #448010879
(508) 294-5630
Added: Sep 1
Changed: Sep 2
Last Checked: Sep 3 at 12:06AM
MLS# 22604349
Copyright © 2026 Cape Cod & Islands Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1862, this Colonial duplex contains 1,728 square feet arranged as two independent residences. Each unit has two bedrooms, one bathroom, a living room, and a kitchen; the first-floor residence also includes a fireplace. The property sits on a level 0.17-acre corner lot with a porch, private yard, shingle siding, and four off-street parking spaces. An unfinished basement provides additional storage, while public water and public sewer serve the property. Heating is provided by forced air using natural gas.
The home is on a paved, publicly maintained road with sidewalks. Public transportation, shopping, parks, walking and biking paths, conservation areas, schools, houses of worship, highway access, and a marina are identified nearby. Nelson Beach and Plymouth Long Beach are approximately 3 to 5 miles away.
The home is on a paved, publicly maintained road with sidewalks. Public transportation, shopping, parks, walking and biking paths, conservation areas, schools, houses of worship, highway access, and a marina are identified nearby. Nelson Beach and Plymouth Long Beach are approximately 3 to 5 miles away.
Key Highlights
- Two‑unit layout with two bedrooms and one bathroom in each residence
- 1,728 square feet on a 0.17‑acre level corner lot
- First‑floor unit includes a fireplace; both units have living rooms and kitchens
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
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,007
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 - Two separate residences include private kitchens, living rooms, and access to an unfinished basement.
Where is this duplex located?
The property is located at 43 Alden Street 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‑unit layout with two bedrooms and one bathroom in each residence; 1,728 square feet on a 0.17‑acre level corner lot; First‑floor unit includes a fireplace; both units have living rooms and kitchens
