Greek Revival Residential Income
65 Washington St, Hanover, MA 02339
For Sale
$2,395,000
The 1850 building includes a wood-burning fireplace, off-street parking, and a range of kitchen appliances.
Property Size6,592 SF
Price / SF$363.32
Days on Market107
Property Features for 65 Washington St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
Central Air, Window Unit(s), Zoned
Forced Air, Hot Water, Oil, Zoned
Full, Concrete, Unfinished
Trash Compactor, Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Wine Refrigerator, Range Hood, Plumbed For Ice Maker
Pantry, Storage
Wood Burning
Invisible, Stone
Paved, Off Street, Driveway
Rain Gutters, Outdoor Grill, Gas Grill, Lighting
Antique, Greek Revival
Building Details
Building Size
Year Built
Stories
Listing Agency:
Compass
Listed By:
Cara Williams
(617) 834-8202
Source:
Evrealestate
Added: Jul 30
Changed: Nov 1
Last Checked: Nov 12 at 7:30AM
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 Compass
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Investment Insights
Based on property information with market context.
At 65 Washington St in Hanover, this residential income property dates to 1850 and has Greek Revival architecture. Interior features include a wood-burning fireplace, pantry and storage space, and a kitchen equipped with a range, dishwasher, microwave, refrigerator, wine refrigerator, and washer and dryer.
The property also has paved off-street parking, rain gutters, outdoor lighting, and a gas grill. Heating and cooling features include central air, window units, forced air, and hot water.
The property also has paved off-street parking, rain gutters, outdoor lighting, and a gas grill. Heating and cooling features include central air, window units, forced air, and hot water.
Key Highlights
- Greek Revival architecture; built in 1850
- Paved driveway with off‑street parking
- Wood‑burning fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,677
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,053,540
$2.1M
Cap Rate 7%
$1,466,814
$1.5M
Cap Rate 9%
$1,140,856
$1.1M
Market Conditions
NOI Build-Up for 6,592 SF
Gross rent
$197.8K $30.00/SF
− Vacancy
−$11.1K −$1.68/SF
EGI
$186.7K $28.32/SF
− OpEx
−$84.0K −$12.74/SF
NOI
$102.7K $15.58/SF
Area
Plymouth County, MA
Vacancy
5.60%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,053,540
Cap Rate 7%
$1,466,814
Cap Rate 9%
$1,140,856
Alternative Uses
Best Use
Apartment 5plus
$1.47M
$1.28M – $1.71M
NOI $102,677 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.90M
$3.41M – $4.55M
NOI $273,171 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
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Business Placement
Demographics for 02339, MA
14,833
Population
4,974
Households
3
Avg Household Size
42
Median Age
57%
College-Educated
96%
High-School Grad
15.5 sq mi
ZIP Area
957
Density / Sq Mi
$174,821
Median Household Income
$69,688
Median Earnings
$1,642
Median Rent
$706,200
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Plymouth County, MA
Properties on Market for Residential income properties in Plymouth County
Frequently Asked Questions
What type of property is this?
Residential income property - The 1850 building includes a wood-burning fireplace, off-street parking, and a range of kitchen appliances.
Where is this residential income property located?
The property is located at 65 Washington St Hanover, MA.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: Greek Revival architecture; built in 1850; Paved driveway with off‑street parking; Wood‑burning fireplace
