5-7 Forest AvenuePlymouth, MA 02360MLS Number 73598062

  • Price: $1,675,000
  • Est. Mortgage of $/month
  • 1 Day on Market
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Federal 30-year interest rate: 7.24% last updated on Oct 29, 2026
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5-7 Forest Avenue Plymouth MA 02360
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  • 12Bedrooms
  • 0.27Acreage
  • 6Bathrooms
  • 1900Year Built

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

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More Info

Basic Information

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

Location

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

Utilities

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

Water Body

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

Tax Information

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

Rooms

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

Building

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

Legal

  • ZoningTC

Parking

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

Basic Information

  • List Price$1,675,000
  • MLS Number73598062
  • Modification Date11/03/2026
  • Property SubType5+ Family - 5+ Units Up/Down

Property

  • Acreage0.27

Property Information

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

Other

  • Date Listed11/03/2026
  • Farm Land Area Units Square Feet
Rosen Realty, Inc.

Your Local Office

More Info »
Rosen Realty, Inc.
Office: (781) 447-1111
80 Temple Street
P.O. Box 128
Whitman, MA 02382

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. 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. MLSPIN 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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