Mixed-Use Building with
For Sale
$1,350,000
852 Hancock Street, Abington, MA 02351
Mixed-use property combining storefront space with residential apartments and off-street parking.
Property Size6,071 SF
Price / SF$222.37
Days on Market56
Property Features for 852 Hancock Street
General Information
Standard status
Active
Size
6,071 SF
Total Parking Spaces
2
Property subtype
5+ Family - 5+ Units Up/Down
Additional Details
Corner Location
Yes
Multifamily Units
5
Building Details
Building Size
6,071 SF
Year Built
1900
Tenancy
Multi
Listing Agency:
Old Town Real Estate, L L C
(781) 878-5701
Listed By:
Roger P. Woods Jr. · License #134362
(508) 889-3376
Source:
Iverty
Added: Aug 22
Changed: Oct 15
Last Checked: Oct 15 at 1:14AM
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 Old Town Real Estate, L L C
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Investment Insights
Based on property information with market context.
This mixed-use building contains 1 retail unit and 5 residential apartments, creating a combination of commercial and residential space within one property. The apartments include a mix of 1-bedroom and 2-bedroom layouts. A detached 2-car garage provides additional utility, while the corner-lot setting includes off-street parking.
The sale includes the real estate only; the operating business is not part of the transaction. The property was built in 1900, and 3 residential units have leases scheduled to expire by 2/2027. Several occupants are described as long-term tenants, adding established tenancy to the existing configuration.
The sale includes the real estate only; the operating business is not part of the transaction. The property was built in 1900, and 3 residential units have leases scheduled to expire by 2/2027. Several occupants are described as long-term tenants, adding established tenancy to the existing configuration.
Key Highlights
- 1 retail unit and 5 residential apartments
- Mix of 1‑bedroom and 2‑bedroom apartment layouts
- Detached 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,749
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,994,980
$2.0M
Cap Rate 7%
$1,424,986
$1.4M
Cap Rate 9%
$1,108,322
$1.1M
Market Conditions
NOI Build-Up for 6,071 SF
Gross rent
$145.7K $24.00/SF
− Vacancy
−$3.2K −$0.53/SF
EGI
$142.5K $23.47/SF
− OpEx
−$42.7K −$7.04/SF
NOI
$99.7K $16.43/SF
Area
Plymouth County, MA
Vacancy
2.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,994,980
Cap Rate 7%
$1,424,986
Cap Rate 9%
$1,108,322
Alternative Uses
Best Use
Retail
$1.42M
$1.25M – $1.66M
NOI $99,749 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$1.35M
$1.18M – $1.58M
NOI $94,562 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$3.59M
$3.14M – $4.19M
NOI $251,581 @ 7.0% cap · market cap 18.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Demographics for 02351, MA
17,085
Population
6,576
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
96%
High-School Grad
10.0 sq mi
ZIP Area
1,709
Density / Sq Mi
$119,787
Median Household Income
$61,646
Median Earnings
$1,547
Median Rent
$516,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property combining storefront space with residential apartments and off-street parking.
Where is this mixed-use property located?
The property is located at 852 Hancock Street Abington, MA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 1 retail unit and 5 residential apartments; Mix of 1‑bedroom and 2‑bedroom apartment layouts; Detached 2‑car garage
