Two-Property Multifamily
New
For Sale
$990,000
48 & 52 Sea St, Weymouth, MA 02191
Adjoining Weymouth residences combine flexible layouts with bedroom and bathroom capacity for renovation or continued residential use.
Property Size4,691 SF
Lot Size0.22 Acres
Price / SF$211.04
Days on Market2
Property Features for 48 & 52 Sea St
General Information
Standard status
Active
Size
4,691 SF
Lot size
0.22 Acres
Property subtype
Investment
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,726
Building Details
Building Size
4,691 SF
Year Built
1818
Buildings
2
Stories
13
Units
4
Listing Agency:
Keller Williams Realty
(781) 929-6342
Listed By:
Dennis MacDonald
(781) 929-6342
Source:
Elliman
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 21 at 8:49AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This offering combines the adjoining multifamily residences at 48 and 52 Sea St. in Weymouth. Together, the properties provide approximately 4,691 square feet of living area, nine bedrooms, five full bathrooms, and approximately 9,773 square feet of land. The package includes a three-story residence at 48 Sea St. with approximately 2,725 square feet, five private bedrooms, and three full bathrooms. Its second- and third-floor layouts include shared kitchens and bathrooms. At 52 Sea St., the two-story residence contains approximately 1,966 square feet, four bedrooms, and two full bathrooms on a 6,500-square-foot lot. Constructed in 1818, the latter property retains historic character. The adjoining assets are offered together, with renovation, reconfiguration, or redevelopment subject to buyer due diligence, zoning, permitting, and local approvals. Walk Score is 35, Bike Score is 24, and Transit Score is 26.
Key Highlights
- Two adjoining multifamily properties at 48 & 52 Sea St., Weymouth, MA 02191
- Combined approximately 4,691± sq. ft. of living space with 9 bedrooms and 5 full bathrooms
- Total land area of approximately 9,773± sq. ft.
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
$77,533
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
7.83%
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%
$1,550,660
$1.6M
Cap Rate 7%
$1,107,614
$1.1M
Cap Rate 9%
$861,478
$861.5K
Market Conditions
NOI Build-Up for 4,691 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
$149.2K $31.80/SF
− Vacancy
−$8.2K −$1.75/SF
EGI
$141.0K $30.05/SF
− OpEx
−$63.4K −$13.52/SF
NOI
$77.5K $16.53/SF
Area
Norfolk County, MA
Vacancy
5.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
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%
$1,550,660
Cap Rate 7%
$1,107,614
Cap Rate 9%
$861,478
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$969.2K – $1.29M
NOI $77,533 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.78M
$2.43M – $3.24M
NOI $194,394 @ 7.0% cap · market cap 19.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Adjoining Weymouth residences combine flexible layouts with bedroom and bathroom capacity for renovation or continued residential use.
Where is this multifamily property located?
The property is located at 48 & 52 Sea St Weymouth, MA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Two adjoining multifamily properties at 48 & 52 Sea St., Weymouth, MA 02191; Combined approximately 4,691± sq. ft. of living space with 9 bedrooms and 5 full bathrooms; Total land area of approximately 9,773± sq. ft.
