Mixed-Use
New
For Sale
$799,000
461 Bridge Street, Weymouth, MA 02191
Mixed-use zoning and updated kitchens and bathrooms support residential occupancy or a business use.
Property Size1,992 SF
Price / SF$401.10
Days on Market5
Property Features for 461 Bridge Street
General Information
Standard status
Active
Size
1,992 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,571
Building Details
Building Size
1,992 SF
Year Built
1918
Listing Agency:
William Raveis R.E. & Home Services
Listed By:
Austin Partain
(617) 322-3933
Source:
Mgsgrouprealestate
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 26 at 9:01AM
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. & Home Services
Investment Insights
Based on property information with market context.
This 1,992-square-foot duplex contains two residential units, each with a renovated kitchen and bathroom. The property was built in 1918, and its mixed-use zoning allows for flexibility between residential and business use.
Located at 461 Bridge Street in Weymouth, the property offers connections to Quincy and Hingham Shipyard.
Located at 461 Bridge Street in Weymouth, the property offers connections to Quincy and Hingham Shipyard.
Key Highlights
- Two‑unit duplex with mixed‑use zoning
- 1,992 square feet
- Both units received kitchen and bathroom renovations last year
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
$35,684
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
4.47%
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%
$713,680
$713.7K
Cap Rate 7%
$509,771
$509.8K
Cap Rate 9%
$396,489
$396.5K
Market Conditions
NOI Build-Up for 1,992 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
$53.8K $27.00/SF
− Vacancy
−$2.8K −$1.41/SF
EGI
$51.0K $25.59/SF
− OpEx
−$15.3K −$7.68/SF
NOI
$35.7K $17.91/SF
Area
Norfolk County, MA
Vacancy
5.22%
Lease Rate
$27.00 /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%
$713,680
Cap Rate 7%
$509,771
Cap Rate 9%
$396,489
Alternative Uses
Best Use
Multifamily LT 5
$509.8K
$446.1K – $594.7K
NOI $35,684 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$470.3K
$411.6K – $548.7K
NOI $32,924 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,548 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Explore this area
Business Placement
Demographics for 02191, MA
8,271
Population
3,704
Households
2.2
Avg Household Size
48
Median Age
43%
College-Educated
95%
High-School Grad
1.8 sq mi
ZIP Area
4,595
Density / Sq Mi
$116,496
Median Household Income
$67,043
Median Earnings
$1,833
Median Rent
$492,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Mixed-use zoning and updated kitchens and bathrooms support residential occupancy or a business use.
Where is this duplex located?
The property is located at 461 Bridge Street Weymouth, MA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑unit duplex with mixed‑use zoning; 1,992 square feet; Both units received kitchen and bathroom renovations last year
