Plymouth Three-Family Investment
5 Lothrop Street, Plymouth, MA 02360
For Sale
$1,100,000
Updated three-unit property in downtown Plymouth with separate utilities.
Property Size3,596 SF
Price / SF$305.90
Days on Market241
Property Features for 5 Lothrop Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Net Operating Income
Taxes and HOA fees
Annual Taxes
Amenities
No
Wood, Tile, Varies
Range, Refrigerator, Range Hood
3.0
Washer Hookup
Full, Interior Access, Concrete Floor, Unfinished Basement
Living Room, Kitchen
3
3.00
Fenced
Frame
Shingle
Level
Rain Gutters, Fenced Yard, Deck, Deck - Vinyl
Ocean, Walk to, Beach Ownership(Public)
Deck, Deck - Vinyl
Building Details
Year Built
Listing Agency:
Ryan Realty Group LLC
Listed By:
Patrick Ryan · License MA #9564942
(774) 283-1355
Source:
Compass
Added: Mar 17
Changed: Aug 8
Last Checked: Jul 13 at 12:36PM
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 Ryan Realty Group LLC
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Investment Insights
Based on property information with market context.
This three-family property is located in downtown Plymouth, offering opportunities for investors and owner-occupants. The property provides walkability and access to Route 3. The unit mix includes one-bedroom, two-bedroom, and three-bedroom layouts. The building features updated units with high ceilings, hardwood floors, tiled showers, and character. Each unit has separate utilities. Additional features include off-street parking, a yard, updated decking, and laundry in the basement. The property is 3596 square feet.
Key Highlights
- Prime downtown Plymouth location with unbeatable walkability and easy access to Route 3.
- Three updated units (one‑bedroom, two‑bedroom, and three‑bedroom) featuring high ceilings, hardwood floors, and tiled showers.
- Great investment opportunity for owner‑occupants or portfolio expansion.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,774
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,215,480
$1.2M
Cap Rate 7%
$868,200
$868.2K
Cap Rate 9%
$675,267
$675.3K
Market Conditions
NOI Build-Up for 3,596 SF
Gross rent
$91.7K $25.50/SF
− Vacancy
−$4.9K −$1.36/SF
EGI
$86.8K $24.14/SF
− OpEx
−$26.0K −$7.24/SF
NOI
$60.8K $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 Rate 5%
$1,215,480
Cap Rate 7%
$868,200
Cap Rate 9%
$675,267
Alternative Uses
Best Use
Multifamily LT 5
$868.2K
$759.7K – $1.01M
NOI $60,774 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$800.2K
$700.1K – $933.5K
NOI $56,011 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$2.13M
$1.86M – $2.48M
NOI $149,017 @ 7.0% cap · market cap 13.55%
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
Location Intelligence
Trade Area within ½ mile
1,520
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 Triplexes in Plymouth County, MA
Properties on Market for Triplexes in Plymouth County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Updated three-unit property in downtown Plymouth with separate utilities.
Where is this triplex located?
The property is located at 5 Lothrop Street Plymouth, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Prime downtown Plymouth location with unbeatable walkability and easy access to Route 3.; Three updated units (one‑bedroom, two‑bedroom, and three‑bedroom) featuring high ceilings, hardwood floors, and tiled showers.; Great investment opportunity for owner‑occupants or portfolio expansion.
