3-Unit Triplex with
84-86 Park Avenue, Whitman, MA 02382
For Sale
New
$949,000
Three residential units feature separate utilities, individual kitchens, and laundry connections in the basement.
Property Size2,744 SF
Price / SF$345.85
Days on Market6
Property Features for 84-86 Park Avenue
General Information
Standard status
Size
Property subtype
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Utilities to Site
Amenities
front covered porches
covered rear deck
private backyard
laundry connections
Building Details
Year Built
Buildings
Stories
Listing Agency:
Rosen Realty Inc.
Listed By:
Richard Rosen
(781) 447-1111
Source:
Rosenrealty
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 6 at 10:56AM
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 Rosen Realty Inc.
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Investment Insights
Based on property information with market context.
Built in 1900, this 2,744-square-foot triplex spans three levels and contains 15 rooms, five bedrooms, and three full bathrooms. Hardwood and white pine flooring, recessed lighting, crown molding, wainscoting, built-ins, and skylights are among its interior features. The first floor has central air conditioning; the first and second floors use steam heat, while the third has forced hot water. Each unit has a kitchen, and the property includes separate gas and electric meters, three water heaters, basement laundry connections, a full basement, covered porches, a rear deck, a private backyard, and a two-car garage.
The property is near Town Hall, Town Park and its swimming pool, restaurants, and banking. Off-street parking accommodates approximately 10 or more cars.
The property is near Town Hall, Town Park and its swimming pool, restaurants, and banking. Off-street parking accommodates approximately 10 or more cars.
Key Highlights
- Three‑level triplex with 2,744 square feet, 15 rooms, 5 bedrooms, and 3 full bathrooms
- Separate utilities, including 3 gas meters and 4 electric meters; 3 water heaters
- Three kitchens and basement laundry connections for all units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,375
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$927,500
$927.5K
Cap Rate 7%
$662,500
$662.5K
Cap Rate 9%
$515,278
$515.3K
Market Conditions
NOI Build-Up for 2,744 SF
Gross rent
$70.0K $25.50/SF
− Vacancy
−$3.7K −$1.36/SF
EGI
$66.2K $24.14/SF
− OpEx
−$19.9K −$7.24/SF
NOI
$46.4K $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%
$927,500
Cap Rate 7%
$662,500
Cap Rate 9%
$515,278
Alternative Uses
Best Use
Multifamily LT 5
$662.5K
$579.7K – $772.9K
NOI $46,375 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$610.6K
$534.3K – $712.4K
NOI $42,741 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$1.62M
$1.42M – $1.90M
NOI $113,711 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Explore this area
Business Placement
Demographics for 02382, MA
15,121
Population
6,031
Households
2.5
Avg Household Size
41
Median Age
29%
College-Educated
95%
High-School Grad
6.9 sq mi
ZIP Area
2,191
Density / Sq Mi
$107,794
Median Household Income
$53,875
Median Earnings
$1,785
Median Rent
$456,400
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Plymouth County, MA
Properties on Market for Triplexes in Plymouth County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units feature separate utilities, individual kitchens, and laundry connections in the basement.
Where is this triplex located?
The property is located at 84-86 Park Avenue Whitman, MA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Three‑level triplex with 2,744 square feet, 15 rooms, 5 bedrooms, and 3 full bathrooms; Separate utilities, including 3 gas meters and 4 electric meters; 3 water heaters; Three kitchens and basement laundry connections for all units
