10 Water St Plymouth, MA 02360

Property Details for 10 Water St

Year built

1950

Construction

CONCRETE

Lot size

0.04 lot acres

Property size

6,744 SF

Zone code

DH

Property type

Parking lots & garages

APN

PLYM M:0020 B:0000 L:0110

APU

PLYMM0020B0000L0110

Description

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.

Location Insight

City

Plymouth

County

Plymouth

State

Massachusetts

Longitude

-70.6622

Latitude

41.9549

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments