850 Broad St Weymouth, MA 02189
Property profile & analytics
850 Broad St Weymouth, MA 02189
- Commercial real estate
- 3,042 SF
- 0.12 lot acres
Property ID
US38-1806393
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 850 Broad St
- Year built
- 1986
- Lot size
- 0.12 lot acres
- Property size
- 3,042 SF
- Property type
- Commercial real estate
Description
This exceptional value-add opportunity presents a six-unit apartment building at 850 Broad Street, Weymouth, MA, 02189. The property, situated on a 0.12-acre corner lot, boasts 2,991 square feet of net rentable space within a 3,042 square foot building constructed in 1986. The three-story building features six residential units: two one-bedroom/one-bathroom units and four studio units. All units are currently 100% occupied. Seven off-street parking spaces are available for residents. The building includes an on-site laundry facility. Individual units are separately metered for electricity, electric heat, and hot water, with tenants responsible for these costs. The landlord covers common electric, water, and sewer expenses. Current rents are below market value, presenting a significant opportunity to increase revenue through market-rate adjustments and potential unit upgrades. The property benefits from a highly desirable transit-oriented location, within walking distance of restaurants, retailers, and public transportation, including an MBTA bus stop (0.1 miles) and the East Weymouth MBTA station (0.5 miles) providing direct access to Boston. The area is experiencing significant development, including a planned mixed-use project adding 200 residential units nearby. Strong demographics, with an average household income exceeding $167,132 within a 3-mile radius, further enhance the investment potential. This property offers a compelling combination of immediate income and long-term growth potential in a thriving South Shore community. The asking price is $1,075,000, representing a price per unit of $179,167 and a price per square foot of $359. This fee simple ownership opportunity is ideal for investors seeking strong returns in a stable market.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Weymouth
- County
- Norfolk
- State
- Massachusetts
- Longitude
- -70.9248417
- Latitude
- 42.2159102
