Plymouth Three-Family Investment
For Sale
$1,100,000
5 Lothrop Street, Plymouth, MA 02360
Updated three-unit property in downtown Plymouth with separate utilities.
Property Size3,596 SF
Price / SF$305.90
Days on Market146
Property Features for 5 Lothrop Street
General Information
Standard status
Active
Size
3,596 SF
Total Parking Spaces
4
Property subtype
Multi-family / 3 Family - 3 Units Up/Down
Zoning
R20M
Net Operating Income
$95,400
Taxes and HOA fees
Annual Taxes
$9,377
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
1900
Listing Agency:
Ryan Realty Group LLC
(774) 283-1355
Listed By:
Patrick Ryan · License #9564942
(774) 283-1355
Source:
Compass
Added: Mar 17
Changed: Aug 8
Last Checked: Aug 8 at 5:48AM
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
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 = 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
$60,774
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
5.52%
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%
$1,215,480
$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
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
$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 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%
$1,215,480
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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.
