55 Main St, Kingston, MA 02364

Building Details

Building Size 1,890 SF More

Year Built 1890 More

Listing Agency: RE/MAX Real Estate Center Show Phone

Listed By: Paula Howland Show Phone

Source: Iverty

Added: Nov 11 Changed: Nov 14 Last Checked: Nov 14 at 2:12PM

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Investment Insights

Based on property information with market context.

This 2,550-square-foot triplex, built in 1890, contains three separate residences. The first-floor unit has two bedrooms, a renovated kitchen, an updated full bath, a living room, a separate laundry room, and a private patio or deck. The second-floor residence offers one bedroom, an updated kitchen with counter seating, a living room, and an updated full bath. The third unit spans two levels, with its bedroom on the upper floor, plus an updated kitchen and bath and a living room.

Rocky Nook, including its beaches and playground, is nearby. The area also hosts outdoor concerts.

Key Highlights

• Three separate units within a 2,550‑square‑foot building
• Built in 1890
• First‑floor unit has two bedrooms, separate laundry, and a private patio or deck

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$43,096

Cap Rate

4.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$861,920 $861.9K

Cap Rate 7%

$615,657 $615.7K

Cap Rate 9%

$478,844 $478.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,550 SF

Gross rent

$65.0K $25.50/SF

− Vacancy

−$3.5K −$1.36/SF

EGI

$61.6K $24.14/SF

− OpEx

−$18.5K −$7.24/SF

NOI

$43.1K $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%

$861,920

Cap Rate 7%

$615,657

Cap Rate 9%

$478,844

Alternative Uses

Best Use

Multifamily LT 5

$615.7K

$538.7K – $718.3K (±1% cap)

NOI $43,096 @ 7.0% cap · market cap 4.79%

Second Best

Apartment 5plus

$567.4K

$496.5K – $662.0K (±1% cap)

NOI $39,719 @ 7.0% cap · market cap 4.42%

Theoretical Best

Office A

$1.51M

$1.32M – $1.76M (±1% cap)

NOI $105,671 @ 7.0% cap · market cap 11.75%

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

3

Residential units

Location Intelligence

Trade Area within ½ mile

226

Businesses Nearby

Explore this area Business Placement

Demographics for 02364, MA

13,708

Population

5,658

Households

2.4

Avg Household Size

43

Median Age

49%

College-Educated

99%

High-School Grad

18.6 sq mi

ZIP Area

737

Density / Sq Mi

$115,863

Median Household Income

$59,955

Median Earnings

$1,157

Median Rent

$562,000

Median Home Value

Market

Average Price Trend$/SF for Triplexes in Plymouth County, MA

$300 Jul

$295 Aug

$267 Sep

$322 Oct

Properties on Market for Triplexes in Plymouth County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - The unit mix includes a two-bedroom residence, a one-bedroom residence, and a two-level third unit.

Where is this triplex located?

The property is located at 55 Main St Kingston, MA.

What is the asking price?

The asking price for this property is $899,000.

What are key features of this property?

This property features: Three separate units within a 2,550‑square‑foot building; Built in 1890; First‑floor unit has two bedrooms, separate laundry, and a private patio or deck