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    Downtown Plymouth Three-Family Property Title is generated by Realmo AI

    5 Lothrop Street, Plymouth, MA 02360

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    Claim this Listing
    For Sale
    $1,200,000

    Three-family property in downtown Plymouth with updated units and parking.

    Type:Multi-family
    Property size:
    3,596 SF
    Price / SF:
    $333/SF
    Added:
    Mar 4, 2026
    Days on Market:
    99
    Last Refresh:
    Apr 21 at 6:24 am

    Property Features for 5 Lothrop Street

    General Information

    Standard status
    Active
    Size
    3,596 SF
    Property subtype
    Multi-family

    Building Details

    Year Built
    1900

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    Listing Contact
    Patrick Ryan

    Listing agent Patrick Ryan

    Listing office Ryan Realty Group LLC

    Listing date Mar 4, 2026

    Source Stevebremis

    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

    HighLights

    • Prime downtown Plymouth location with unbeatable walkability and easy access to Route 3.
    • Three‑family property ideal for investors or owner‑occupants.
    • Updated units featuring high ceilings, hardwood floors, and tiled showers.
    • Separate utilities for each unit.
    • Off‑street parking and good sized yard.
    • Updated decking.

    Overview

    This large three-family property is located in downtown Plymouth, offering opportunities for investors and owner-occupants. The property provides access to Route 3 and coastal living. The unit mix includes one-bedroom, two-bedroom, and three-bedroom layouts. Updated units feature high ceilings, hardwood floors, tiled showers, and character throughout. Each unit has separate utilities. Additional features include off-street parking, a good-sized yard, updated decking, and laundry in the basement. The property size is 3596 square feet.

    Local Financial Insights For Multifamily LT 5

    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 $91.7k $25.50
    − Vacancy −$4.9k −$1.36
    EGI $86.8k $24.14
    − OpEx −$26.0k −$7.24
    NOI $60.8k $16.90
    3,596 SF · lease $25.50/SF/yr · vacancy 5.32% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $868.2K
    $759.7K – $1.01M (±1% cap)
    NOI $60,774 @ 7.0% cap · market cap 5.06%
    Second Best
    Apartment 5plus
    $800.2K
    $700.1K – $933.5K (±1% cap)
    NOI $56,011 @ 7.0% cap · market cap 4.67%
    Theoretical Best
    Office A
    $2.13M
    $1.86M – $2.48M (±1% cap)
    NOI $149,017 @ 7.0% cap · market cap 12.42%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Plymouth
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.6728003
    Latitude
    41.9625856

    FAQs

    What type of property is this?
    Triplex - Three-family property in downtown Plymouth with updated units and parking.
    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 $1,200,000.
    What are key features of this property?
    This property features: Prime downtown Plymouth location with unbeatable walkability and easy access to Route 3.; Three‑family property ideal for investors or owner‑occupants.; Updated units featuring **high ceilings, hardwood floors, and tiled showers.**
    More about this property
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