Updated Triplex with Trex
For Sale
$939,900
69 Front St, Weymouth, MA 02188
Three-unit property with a spacious owner’s residence, two apartments, and convenient access to shopping, dining, parks, schools, and commuter rail.
Property Size2,498 SF
Days on Market36
Property Features for 69 Front St
General Information
Standard status
Active
Size
2,498 SF
Property subtype
3 Family
Additional Details
Public Transit
Yes
Unit Mix
1 x 4BR, 2 x 1BR
Taxes and HOA fees
Annual Taxes
$10,000
Building Details
Building Size
2,498 SF
Year Built
1898
Listing Agency:
RE/MAX Synergy
(617) 285-8903
Listed By:
Regina Hunter
Source:
Donnellyandco
Added: Jul 27
Changed: Aug 31
Last Checked: Aug 23 at 5:42AM
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 RE/MAX Synergy
Investment Insights
Based on property information with market context.
Built in 1898, this triplex includes a four-bedroom owner’s residence and two one-bedroom apartments. The updated owner’s unit features hardwood flooring, stainless steel appliances, crown molding, a primary bedroom with walk-in closet, and French doors opening to a new Trex deck. Additional exterior improvements include newer Trex decks and a paved driveway on a low-maintenance corner lot.
The property is located on Front St in Weymouth, near Weymouth Landing, commuter rail, shopping, restaurants, parks, schools, and major routes. M-2 zoning is identified for the property. The three-unit configuration provides a combination of owner-occupancy and apartment space within a well-maintained multifamily property.
The property is located on Front St in Weymouth, near Weymouth Landing, commuter rail, shopping, restaurants, parks, schools, and major routes. M-2 zoning is identified for the property. The three-unit configuration provides a combination of owner-occupancy and apartment space within a well-maintained multifamily property.
Key Highlights
- Four‑bedroom owner’s unit plus two one‑bedroom apartments
- Updated owner’s unit with hardwood floors, stainless steel appliances, and crown molding
- Primary bedroom includes a walk‑in closet and access to a new Trex deck
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
$44,748
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
4.76%
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%
$894,960
$895.0K
Cap Rate 7%
$639,257
$639.3K
Cap Rate 9%
$497,200
$497.2K
Market Conditions
NOI Build-Up for 2,498 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
$67.4K $27.00/SF
− Vacancy
−$3.5K −$1.41/SF
EGI
$63.9K $25.59/SF
− OpEx
−$19.2K −$7.68/SF
NOI
$44.7K $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%
$894,960
Cap Rate 7%
$639,257
Cap Rate 9%
$497,200
Alternative Uses
Best Use
Multifamily LT 5
$639.3K
$559.4K – $745.8K
NOI $44,748 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$589.8K
$516.1K – $688.1K
NOI $41,287 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$1.48M
$1.29M – $1.73M
NOI $103,516 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
602
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with a spacious owner’s residence, two apartments, and convenient access to shopping, dining, parks, schools, and commuter rail.
Where is this triplex located?
The property is located at 69 Front St Weymouth, MA.
What is the asking price?
The asking price for this property is $939,900.
What are key features of this property?
This property features: Four‑bedroom owner’s unit plus two one‑bedroom apartments; Updated owner’s unit with hardwood floors, stainless steel appliances, and crown molding; Primary bedroom includes a walk‑in closet and access to a new Trex deck
