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    5 Water St Plymouth, MA 02360

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    For Sale
    Contact for pricing

    16-Unit Multifamily, New Construction, High Demand

    Property size:
    12,224 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a brand-new, two-building multifamily property located in the heart of historic Downtown Plymouth, Massachusetts. The property, situated at 5 Water Street, boasts 16 townhouse-style units, each featuring one bedroom and one bathroom. Built in 2024, these units represent a modern addition to the vibrant Plymouth Harbor area. The total square footage of the property is 12,224 square feet, spread across two, two-story buildings. The property is zoned DH, allowing for a variety of uses within the permitted guidelines. Investors will appreciate the strong cap rate of 6.27%, reflecting the high demand for rental properties in this desirable location. Residents enjoy easy access to a thriving culinary scene, with popular establishments like East Bay Grille, Tavern on the Wharf, Vitamin Sea Brewing, and 71 Degrees West all within walking distance. The convenient location, coupled with the modern amenities and new construction, makes this a compelling investment opportunity in a highly sought-after Massachusetts market. Each unit includes a garage, adding significant value and appeal to potential tenants. The proximity to Plymouth Harbor further enhances the desirability of this property, offering residents picturesque views and convenient access to waterfront amenities. This is a rare chance to acquire a turnkey multifamily investment in a prime location.

    Property Features for 5 Water St

    General Information

    Property type
    Multifamily properties
    Square Feet
    12,224 SF
    Class
    B

    Building Details

    Year Built
    2024
    Buildings
    2
    Stories
    2
    Units
    16

    HighLights

    • 16‑unit new construction townhouse development.
    • Each unit includes a private garage.
    • Conveniently located near Plymouth Harbor.
    • Abundant nearby dining and retail options.
    Property Profile Location Intelligence

    Current Use by Public Records

    D & J Heating ... Heating Contractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Plymouth
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.6615284
    Latitude
    41.9546864

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    FAQs

    What type of property is this?
    Multifamily property - 16-Unit Multifamily, New Construction, High Demand
    Where is this multifamily property located?
    The property is located at 5 Water St Plymouth, MA.
    What are key features of this property?
    This property features: 16-unit new construction townhouse development.; Each unit includes a private garage.; Conveniently located near Plymouth Harbor.
    Request Owner's contact information
    5 Water St Plymouth, MA 02360
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    Plymouth, MA 02360
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5 Water St Plymouth, MA 02360
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