Duplex with Private
For Sale
$875,000
Pending
74-76 Park Ave, Weymouth, MA 02190
Residential Income, Weymouth, MA
Property Size2,352 SF
Lot Size0.70 Acres
Days on Market47
Property Features for 74-76 Park Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
M-2
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 3
Parking
8
Fireplace
1
Directions
Rt, 18 to Park Ave or Grove St. to Columbian to Park Ave
Subdivision
South Weymouth
Standard status
Pending
APN
281791
Size
2,352 SF
Lot size
0.70 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8127
Building Details
Year built
1818
Floors in Building
4
Number of units
2
Listing Agency:
Keller Williams Realty
Listed By:
Steve Zeboski
(781) 843-3200
Added: Jul 23
Changed: Sep 2
Last Checked: Sep 7 at 11:06AM
MLS# 73553881
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1818, this 2,352-square-foot duplex includes two residential units, each with its own entrance, private deck, and two bedrooms. The property retains antique character through fireplaces, woodwork, moldings, and French doors, while updated kitchens and bathrooms provide modern improvements. Separate utilities serve the units, and an oversized shed adds storage. A new roof was installed in 2024, along with a new water heater and furnace.
The property occupies 0.7 acres at 74-76 Park Ave in Weymouth, Massachusetts. Exterior features include a landscaped yard, private rear outdoor space, well water, and irrigation. Shopping, restaurants, and highway access are identified nearby. The property is zoned M-2.
The property occupies 0.7 acres at 74-76 Park Ave in Weymouth, Massachusetts. Exterior features include a landscaped yard, private rear outdoor space, well water, and irrigation. Shopping, restaurants, and highway access are identified nearby. The property is zoned M-2.
Key Highlights
- Two‑unit duplex totaling 2,352 square feet on 0.7 acres
- Each unit includes a private entrance, private deck, and two bedrooms
- Separate utilities serve the two residential units
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
$42,132
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
4.82%
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%
$842,640
$842.6K
Cap Rate 7%
$601,886
$601.9K
Cap Rate 9%
$468,133
$468.1K
Market Conditions
NOI Build-Up for 2,352 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
$63.5K $27.00/SF
− Vacancy
−$3.3K −$1.41/SF
EGI
$60.2K $25.59/SF
− OpEx
−$18.1K −$7.68/SF
NOI
$42.1K $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%
$842,640
Cap Rate 7%
$601,886
Cap Rate 9%
$468,133
Alternative Uses
Best Use
Multifamily LT 5
$601.9K
$526.7K – $702.2K
NOI $42,132 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$555.3K
$485.9K – $647.9K
NOI $38,874 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,466 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,309
Businesses Nearby
Explore this area
Business Placement
Demographics for 02190, MA
18,910
Population
8,601
Households
2.2
Avg Household Size
43
Median Age
48%
College-Educated
97%
High-School Grad
7.0 sq mi
ZIP Area
2,701
Density / Sq Mi
$99,024
Median Household Income
$63,313
Median Earnings
$2,012
Median Rent
$554,900
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?
Duplex - Two-unit property with separate utilities, private decks, and updated kitchens and baths.
Where is this duplex located?
The property is located at 74-76 Park Ave Weymouth, MA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,352 square feet on 0.7 acres; Each unit includes a private entrance, private deck, and two bedrooms; Separate utilities serve the two residential units
