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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 public employers, including Beth Israel Deaconess Hospital–Plymouth and Mass General Brigham.

More Info

Basic Information

  • Gross Income $183,624
  • Mls StatusNew
  • Parcel Number 1115664

Tax Information

  • Tax Assessed Value $83,500
  • Tax Year 2025
  • Taxes$10,539

Parking

  • Open Parking YN Yes
  • Parking Features Paved Drive
  • Parking Spaces10

Rooms

  • Bathroom6
  • Bathrooms Total Decimal 6
  • Bedrooms12
  • Full Bath6

Basic Information

  • List Price$1,675,000
  • MLS Number73598062
  • Modification Date11/04/2026
  • Property SubType5+ Family - 5+ Units Up/Down

Location

  • Address5-7 Forest Avenue
  • Building Number5-7
  • CountyPlymouth
  • StateMA
  • StreetForest Avenue
  • TownPlymouth
  • Zip02360

Building

  • Building Area Units Square Feet
  • FoundationOther
  • Levels 5
  • Rooms24
  • Stories5
  • Units6
  • Year Built1900
  • Year Built Details Actual
  • Year Built Source Owner

Property

  • Acreage0.27

Utilities

  • Electric Expense 809
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Owner
  • Living Area 5,207
  • Lot Size Square Feet 11,761
  • Lot Size Units Acres
  • Square Feet5,207

Water Body

  • Miles to Beach2
  • Waterfront Features 1 to 2 Mile To Beach

Legal

  • ZoningTC

Other

  • Date Listed11/03/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Matthew Balitskiy of Marcus & Millichap Real Estate Investment Services

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