28 Pond St Weymouth, MA 02190
Property profile & analytics
28 Pond St Weymouth, MA 02190
- Commercial real estate
- 4,648 SF
- 0.20 lot acres
Property ID
US38-1299887
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 28 Pond St
- Year built
- 1890
- Lot size
- 0.20 lot acres
- Property size
- 4,648 SF
- Property type
- Commercial real estate
Description
This exceptional multifamily investment opportunity presents a three-story, four-unit apartment building situated on a 0.2-acre lot at 28 Pond Street in Weymouth, Massachusetts. Boasting 2,692 square feet of net rentable space within a 4,648 square foot building, this property offers a compelling 6.00% cap rate and a strong NOI of $58,452. The building comprises two one-bedroom/one-bathroom units and two studio units, all currently at 100% occupancy. Ten off-street parking spaces are available for tenants. The property benefits from separately metered electricity for all units, with studio units also having separately metered heat and hot water. Landlord responsibilities include heat and hot water for the one-bedroom units, common electric, and domestic water and sewer. Located just seconds from Main Street, this property enjoys proximity to Columbian Square, offering convenient access to shops and restaurants. Public transportation is readily available via nearby MBTA bus routes and the South Weymouth MBTA Station (1.5 miles), providing easy access to Boston. The property is also within close proximity to South Shore Hospital, Weymouth High School, and major roadways, including Route 3 and Route 53. Current rents are below market value, presenting a significant opportunity for future income growth through potential rent increases. This well-maintained property, on the market for the first time in over 13 years, is situated in a highly desirable, supply-constrained market within a thriving South Shore community. The asking price is $975,000, representing $243,750 per unit. The property is offered fee simple. This is a rare chance to acquire a stabilized multifamily investment in a prime location with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Weymouth
- County
- Norfolk
- State
- Massachusetts
- Longitude
- -70.9562327
- Latitude
- 42.1703882
