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    10 Water St Plymouth, MA 02360

    Sponsored
    For Sale
    Contact for pricing

    Nine-unit building, new construction, high demand.

    Property size:
    6,744 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional multifamily investment opportunity presents a newly constructed (2024) nine-unit apartment building situated in the heart of historic Downtown Plymouth, Massachusetts, at 10 Water St, 02360. The property boasts a desirable Class B designation and a total square footage of 6,744. The building comprises one single-story structure featuring a mix of six one-bedroom, one-bathroom units and two lofted one-bedroom, one-bathroom units, providing a diverse rental portfolio. Additionally, a commercial unit is included, offering further income potential. Located steps from Plymouth Harbor, this property benefits from its proximity to a vibrant waterfront area and a thriving culinary and entertainment scene. Nearby establishments include the East Bay Grille, Tavern on the Wharf, Vitamin Sea Brewing, and 71 Degrees West, providing residents with a wealth of dining and leisure options. The property's zoning is designated as DH, and ample parking is available, both private and municipal. The building's strong performance is reflected in its attractive 6.13% capitalization rate. This is a rare chance to acquire a high-yield, newly renovated multifamily property in a highly sought-after location. The combination of new construction, prime location, and diverse unit mix makes this an ideal investment for discerning buyers seeking strong returns and long-term appreciation.

    Property Features for 10 Water St

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,744 SF
    Class
    B

    Building Details

    Year Renovated
    2024
    Buildings
    1
    Stories
    1
    Units
    9

    HighLights

    • Nine‑unit new construction multifamily property.
    • Six one‑bedroom units and two loft‑style one‑bedroom units.
    • Excellent Plymouth Harbor proximity.
    • Ample private and municipal parking available.
    • Abundant nearby restaurants and amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -70.6621186
    Latitude
    41.9549373

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    FAQs

    What type of property is this?
    Multifamily property - Nine-unit building, new construction, high demand.
    Where is this multifamily property located?
    The property is located at 10 Water St Plymouth, MA.
    What are key features of this property?
    This property features: Nine-unit new construction multifamily property.; Six one-bedroom units and two loft-style one-bedroom units.; Excellent Plymouth Harbor proximity.
    Request Owner's contact information
    10 Water St 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
    10 Water St Plymouth, MA 02360
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