Six-Unit Apartment
5-7 Forest Avenue Plymouth, MA 02360
5-7 Forest Avenue, Plymouth, MA, 02360
$1,650,000
For Sale
$1,650,000
Six two-bedroom units with tenant-paid utilities, off-street parking, and several newer gas-fired boilers.
Property Size4,690 SF
Price / SF$351.81
Days on Market262
Property Features for 5-7 Forest Avenue
General Information
- Standard status
- Active
- Size
- 4,690 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Yannios R E Investment Sales
Listed by
James Yannios
(617) 750-6378
Source
Benoitrealestate
Added: Nov 2, 2025 Updated: Jul 20 at 7:10PM Checked: Jul 21 at 6:55AM
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 Yannios R E Investment Sales
Investment Insights
Based on property information with market context.
This apartment building offers six residential units, each configured as two bedrooms. Tenant-paid utilities help streamline operating expenses, and the property includes off-street parking for residents. The units are described as being in good condition, and the building has some newer gas-fired boilers.
The property is located approximately 40 miles south of Boston in the South Shore area of Plymouth, Massachusetts. Prospective buyers should contact the listing broker to schedule a tour.
The building’s current income-producing configuration is limited to two-bedroom apartments, with utilities paid by tenants and on-site off-street parking provided.
The property is located approximately 40 miles south of Boston in the South Shore area of Plymouth, Massachusetts. Prospective buyers should contact the listing broker to schedule a tour.
The building’s current income-producing configuration is limited to two-bedroom apartments, with utilities paid by tenants and on-site off-street parking provided.
Key Highlights
- Six units, each with 2 bedrooms
- Building built in 1900
- Tenant‑paid utilities
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $140.7k | $30.00 |
| − Vacancy | −$7.9k | −$1.68 |
| EGI | $132.8k | $28.32 |
| − OpEx | −$59.8k | −$12.74 |
| NOI | $73.1k | $15.58 |
4,690 SF · lease $30.00/SF/yr · vacancy 5.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$913.1K – $1.22M
NOI $73,051 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.78M
$2.43M – $3.24M
NOI $194,352 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six two-bedroom units with tenant-paid utilities, off-street parking, and several newer gas-fired boilers.
Where is this apartment building located?
The property is located at 5-7 Forest Avenue Plymouth, MA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Six units, each with 2 bedrooms; Building built in 1900; Tenant‑paid utilities
