Three-Unit Residential Income
For Sale
$659,000
637 Nantasket Ave, Hull, MA 02045
Fully rented three-family home with separate heating systems and three gas meters; rent includes key utilities.
Property Size2,609 SF
Price / SF$252.59
Days on Market160
Property Features for 637 Nantasket Ave
General Information
Standard status
Active
Size
2,609 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Zoning
SFB
Occupancy
100%
Net Operating Income
$51,600
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,145
Building Details
Building Size
2,609 SF
Year Built
1920
Stories
4
Listing Agency:
Conway - Wareham
(508) 295-6560
Listed By:
Sue Ann Murley · License #455500428
(781) 254-5627
Source:
Churchillprop
Added: May 14
Changed: Oct 6
Last Checked: Oct 20 at 6:46PM
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 Conway - Wareham
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fully rented three-family residence is configured as 3/1/1, offering three separate units within one property. The rent includes heat, hot water, electric, and water/sewer. Metering and mechanical systems are set up separately, with one electric meter, three separate heating systems (two gas FHA systems and one gas boiler), and three separate gas meters. The hot water is described as running off the boiler.
The property is listed as being minutes to a sandy beach. A lead paint certificate is noted for the three-bedroom unit.
A private market flood quote is included at $1,212.80. The listing also states the property is being offered as a package with 439 Newport Rd (MLS# 73519331) for $1,125,000.
The property is listed as being minutes to a sandy beach. A lead paint certificate is noted for the three-bedroom unit.
A private market flood quote is included at $1,212.80. The listing also states the property is being offered as a package with 439 Newport Rd (MLS# 73519331) for $1,125,000.
Key Highlights
- Fully rented 3‑family home with 3 separate heating systems (2 Gas FHA systems and 1 gas boiler)
- Rent includes heat, hot water, electric, and water/sewer
- Utilities are separately metered: 1 electric meter and 3 separate gas meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,093
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$881,860
$881.9K
Cap Rate 7%
$629,900
$629.9K
Cap Rate 9%
$489,922
$489.9K
Market Conditions
NOI Build-Up for 2,609 SF
Gross rent
$66.5K $25.50/SF
− Vacancy
−$3.5K −$1.36/SF
EGI
$63.0K $24.14/SF
− OpEx
−$18.9K −$7.24/SF
NOI
$44.1K $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%
$881,860
Cap Rate 7%
$629,900
Cap Rate 9%
$489,922
Alternative Uses
Best Use
Multifamily LT 5
$629.9K
$551.2K – $734.9K
NOI $44,093 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$580.5K
$508.0K – $677.3K
NOI $40,638 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $108,116 @ 7.0% cap · market cap 16.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Explore this area
Business Placement
Demographics for 02045, MA
10,072
Population
5,733
Households
1.8
Avg Household Size
54
Median Age
52%
College-Educated
97%
High-School Grad
2.7 sq mi
ZIP Area
3,730
Density / Sq Mi
$127,112
Median Household Income
$63,327
Median Earnings
$1,885
Median Rent
$606,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Fully rented three-family home with separate heating systems and three gas meters; rent includes key utilities.
Where is this triplex located?
The property is located at 637 Nantasket Ave Hull, MA.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: Fully rented 3‑family home with 3 separate heating systems (2 Gas FHA systems and 1 gas boiler); Rent includes heat, hot water, electric, and water/sewer; Utilities are separately metered: 1 electric meter and 3 separate gas meters
