6-Unit Apartment
5-7 Forest Ave, Plymouth, MA 02360
For Sale
New
$1,675,000
Residents have access to on-site laundry, off-street parking and a rear patio yard.
Property Size5,207 SF
Lot Size0.27 Acres
Days on Market6
Property Features for 5-7 Forest Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Financials
Asking Price
Cap Rate
Average Monthly Rent
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
on-site laundry
patio
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listed By:
Matthew Balitskiy
(617) 784-1878
Source:
Elliman
Added: Nov 4
Last Checked: Nov 8 at 5:52AM
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 Matthew Balitskiy
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-story apartment property contains six units, each with two bedrooms and one bathroom, at roughly 900 square feet. Shared amenities include on-site laundry, 10 off-street parking spaces and a rear yard with a patio. The building was constructed in 1900 and occupies a 0.27-acre parcel in Plymouth, near Plymouth Center.
Current operations reflect an 8.01% cap rate. The property’s unit mix and shared amenities provide a clear overview of its residential configuration.
Current operations reflect an 8.01% cap rate. The property’s unit mix and shared amenities provide a clear overview of its residential configuration.
Key Highlights
- Six apartments, each with two bedrooms and one bathroom
- Three‑story building constructed in 1900
- Approximately 900 square feet per apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,104
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,622,080
$1.6M
Cap Rate 7%
$1,158,629
$1.2M
Cap Rate 9%
$901,156
$901.2K
Market Conditions
NOI Build-Up for 5,207 SF
Gross rent
$156.2K $30.00/SF
− Vacancy
−$8.7K −$1.68/SF
EGI
$147.5K $28.32/SF
− OpEx
−$66.4K −$12.74/SF
NOI
$81.1K $15.58/SF
Area
Plymouth County, MA
Vacancy
5.60%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,622,080
Cap Rate 7%
$1,158,629
Cap Rate 9%
$901,156
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.01M – $1.35M
NOI $81,104 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.08M
$2.70M – $3.60M
NOI $215,777 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
619
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
$494,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Plymouth County, MA
Properties on Market for Apartment buildings in Plymouth County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents have access to on-site laundry, off-street parking and a rear patio yard.
Where is this apartment building located?
The property is located at 5-7 Forest Ave Plymouth, MA.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Six apartments, each with two bedrooms and one bathroom; Three‑story building constructed in 1900; Approximately 900 square feet per apartment
