Duplex with Detached
New
For Sale
$879,000
997 Pleasant St, Weymouth, MA 02189
Two separate residences feature eat-in kitchens, hardwood flooring, and laundry hookups.
Property Size2,165 SF
Lot Size0.27 Acres
Days on Market4
Property Features for 997 Pleasant St
General Information
Standard status
Active
Size
2,165 SF
Lot size
0.27 Acres
Property subtype
2 Family - 2 Units Up/Down
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,765
Amenities
hardwood floors
in-unit laundry hookups
full basement
detached garage
off-street parking
Building Details
Building Size
2,165 SF
Year Built
1868
Buildings
1
Listing Agency:
Fast Plus Realty, Inc.
Listed By:
Carmela Papandrea
(617) 935-1084
Source:
Allisonmazer
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 24 at 9:18PM
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 Fast Plus Realty, Inc.
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Investment Insights
Based on property information with market context.
Built in 1868, this two-family property contains 2,165 square feet on an 11,642-square-foot lot. Each residence has living and dining rooms, an eat-in kitchen, bedrooms, a full bathroom, hardwood floors, and laundry hookups. A full basement provides additional storage space, and the grounds include a detached garage and off-street parking.
The property is in Weymouth, near schools, parks, and commuter routes.
The property is in Weymouth, near schools, parks, and commuter routes.
Key Highlights
- Two‑family property with 2,165 square feet of living area
- 11,642‑square‑foot lot
- Built in 1868
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,783
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$775,660
$775.7K
Cap Rate 7%
$554,043
$554.0K
Cap Rate 9%
$430,922
$430.9K
Market Conditions
NOI Build-Up for 2,165 SF
Gross rent
$58.5K $27.00/SF
− Vacancy
−$3.1K −$1.41/SF
EGI
$55.4K $25.59/SF
− OpEx
−$16.6K −$7.68/SF
NOI
$38.8K $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 Rate 5%
$775,660
Cap Rate 7%
$554,043
Cap Rate 9%
$430,922
Alternative Uses
Best Use
Multifamily LT 5
$554.0K
$484.8K – $646.4K
NOI $38,783 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$511.2K
$447.3K – $596.4K
NOI $35,783 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,717 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Explore this area
Business Placement
Demographics for 02189, MA
15,123
Population
6,689
Households
2.3
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
4.0 sq mi
ZIP Area
3,781
Density / Sq Mi
$91,842
Median Household Income
$53,785
Median Earnings
$1,732
Median Rent
$463,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences feature eat-in kitchens, hardwood flooring, and laundry hookups.
Where is this duplex located?
The property is located at 997 Pleasant St Weymouth, MA.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: Two‑family property with 2,165 square feet of living area; 11,642‑square‑foot lot; Built in 1868
