Four-Unit Mixed-Use
For Sale
$1,049,000
67 Washington Street, Weymouth, MA 02188
Four-unit mixed-use building with a commercial storefront and three residential units, including a 2BR, 1BR, and studio.
Property Size3,100 SF
Price / SF$338.39
Days on Market235
Property Features for 67 Washington Street
General Information
Standard status
Active
Size
3,100 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
3
Building Details
Year Built
1880
Listing Agency:
Cusack & Associates
Listed By:
The Cusack Team
(617) 846-8000
Source:
Highlandre
Added: Jan 13
Changed: Sep 4
Last Checked: Sep 4 at 10:12AM
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 Cusack & Associates
Investment Insights
Based on property information with market context.
This four-unit mixed-use property combines a commercial storefront with three residential units. The residential component includes one 2-bedroom, one 1-bedroom, and one studio apartment, all positioned behind the business space.
The building is described as having a high-visibility commercial storefront and is located near the highway, public transit, and local amenities, supporting convenient day-to-day access.
Offered for sale as a single asset, the property presents a live/work or income-generating configuration with commercial and residential space under one roof.
The building is described as having a high-visibility commercial storefront and is located near the highway, public transit, and local amenities, supporting convenient day-to-day access.
Offered for sale as a single asset, the property presents a live/work or income-generating configuration with commercial and residential space under one roof.
Key Highlights
- Built in 1880, four‑unit mixed‑use building with one commercial storefront and three residential units
- Commercial storefront with signage and high‑traffic exposure on Route 53
- Three residential units include a 2BR apartment, a 1BR apartment, and a studio
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
$55,532
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
5.29%
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%
$1,110,640
$1.1M
Cap Rate 7%
$793,314
$793.3K
Cap Rate 9%
$617,022
$617.0K
Market Conditions
NOI Build-Up for 3,100 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
$83.7K $27.00/SF
− Vacancy
−$4.4K −$1.41/SF
EGI
$79.3K $25.59/SF
− OpEx
−$23.8K −$7.68/SF
NOI
$55.5K $17.91/SF
Area
Norfolk County, MA
Vacancy
5.22%
Lease Rate
$27.00 /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%
$1,110,640
Cap Rate 7%
$793,314
Cap Rate 9%
$617,022
Alternative Uses
Best Use
Multifamily LT 5
$793.3K
$694.2K – $925.5K
NOI $55,532 @ 7.0% cap · market cap 5.29%
Second Best
Retail
$753.6K
$659.4K – $879.3K
NOI $52,755 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,463 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
555
Businesses Nearby
Explore this area
Business Placement
Demographics for 02188, MA
15,133
Population
7,166
Households
2.1
Avg Household Size
42
Median Age
40%
College-Educated
93%
High-School Grad
3.9 sq mi
ZIP Area
3,880
Density / Sq Mi
$102,236
Median Household Income
$64,110
Median Earnings
$1,859
Median Rent
$542,900
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?
Mixed-use property - Four-unit mixed-use building with a commercial storefront and three residential units, including a 2BR, 1BR, and studio.
Where is this mixed-use property located?
The property is located at 67 Washington Street Weymouth, MA.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Built in 1880, four‑unit mixed‑use building with one commercial storefront and three residential units; Commercial storefront with signage and high‑traffic exposure on Route 53; Three residential units include a 2BR apartment, a 1BR apartment, and a studio
