5-7 Forest Ave, Plymouth, MA 02360

Plymouth
Local realty services provided by:Better Homes and Gardens Real Estate The Shanahan Group
5-7 Forest Ave,Plymouth, MA 02360
$1,675,000
  • 12 Beds
  • 6 Baths
  • 5,207 sq. ft.
  • Multi-family
  • Active
Listed by: matthew balitskiy
Office: marcus & millichap real estate investment services
MLS#:73598062
Source:MLSPIN

Price summary

  • Price:$1,675,000
  • Price per sq. ft.:$321.68

About this home

Marcus & Millichap is pleased to present 5-7 Forest Avenue, a six-unit multifamily property in Plymouth, Massachusetts, offered at $1,675,000. The three-story building sits on a 0.27-acre lot near Plymouth Center and consists entirely of two-bedroom, one-bath apartments of roughly 900 square feet each, with on-site laundry, 10 off-street parking spots, and a rear yard with patio.The property is priced at an 8.01% cap rate on current income, or $279,167 per unit. In-place rents average $2,550, about 5% below the $2,695 market rent, giving a buyer roughly $10,400 in annual upside as units turn over and an 8.58% cap rate at market. With 25% down at current rates, the asset produces positive leverage from day one, with a 9.28% cash-on-cash return and a 1.41 debt coverage ratio.The surrounding area supports steady rental demand. Nearly half of households within one mile rent, and the five-mile median household income is $115,913. The local employment base is anchored by healthcare and...

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Home facts

  • Year built:1900
  • Listing ID #:73598062
  • Updated:November 04, 2026 at 07:56 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:6
  • Full bathrooms:6
  • Rooms Total:24
  • Living area:5,207 sq. ft.

Structure and exterior

  • Year built:1900
  • Building area:5,207 sq. ft.
  • Lot area:0.27 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,675,000
  • Price per sq. ft.:$321.68
  • Tax amount:$10,539 (2025)

Parking

  • Total parking spaces:10
  • Parking description:Paved Drive
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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