5-7 Forest Ave, Plymouth MA 02360

Plymouth, MA 02360
$1,675,000
Est. $9,548/month
Estimate assumptions

20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.

Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.

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12
Beds
6
Baths
5,207
Sq Ft
$322
Price/Sq Ft
0.27
Acres
1900
Year Built
10
Parking
5+ Family - 5+ Units Up/Down
Type
New today
Time on Market
For Sale Listed Nov 3, 2026 • MLS# 73598062 Copied! • Updated Nov 3, 2026

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

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Recently Sold Nearby

Price & Status History

Market Insights

70.2%
Price Range
1
Previous Sales

Property Timeline

🏠
Listed for Sale
Nov 3, 2026
$1,675,000
Original listing
Office: Marcus & Millichap Real Estate Investment Services
Previous Transaction - MLS #30609309
Full transaction history available when tracking began
🏷️
Previously Sold
Aug 14, 2002
$499,900
MLS #30609309
View Listing →

Tax History

Year Taxes Assessment
2025 $10,539 $83,500

Financial Details

Annual Property Tax
$10,539
Tax Year 2025
Assessed Value
$83,500

Facts & Features

Home Facts

Type Residential Income
Style 5+ Family - 5+ Units Up/Down
Year Built 1900
Living Area 5,207 sq ft
Lot Size 0.27 acres
Stories 5
Bedrooms 12
Full Baths 6
Total Rooms 24

Investment Metrics

Units 6
Unit 1 Rent $2,602/mo · Y
Unit 2 Rent $2,400/mo · Y
Unit 3 Rent $2,550/mo · Y
Unit 4 Rent $2,650/mo · Y
Total Monthly Rent $10,202/mo
Gross Income $183,624
Net Operating Income $134,158
Operating Expenses $41,185
Water/Sewer Expense $6,346
Electric Expense $809
Insurance Expense $7,027
Cap Rate 8.01%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None
Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Paved Drive
Total Spaces 10
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $10,539
Assessed Value $83,500
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint None
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Owner
Documents None
County Plymouth
Total market time (incl. prior listings) 23 days

Property Overview

Property Type
5+ Family - 5+ Units Up/Down
Listing Type
For Sale
Year Built
1900
Bedrooms
12
Full Bathrooms
6
Living Area
5,207 sq ft
Total Rooms
24
Stories
5
Levels
5

Floor Layout

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type:
Exterior Materials:
Roof:
Foundation: Other
Stories: 5

Utilities & Systems

Heating:
Cooling:
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 10
Parking Features: Paved Drive
School District
Plymouth School District local
B+
✓ School Safety 2024-25
2.4% Average
2.4% Suspensions 3.9% In-School
↓ 3.1% below state avg
E

Elementary Schools

3 schools
B-
Hedge School
0.4 mi | #482 of 825 | Score: 45.3
Improved 64 spots from last year
-13 below state avg
188 students Diverse
Rising School Diverse Student Body
Grades K-05
B+
Cold Spring School
1.3 mi | #326 of 825 | Score: 49.7
Improved 129 spots from last year
-8.5 below state avg
199 students Moderate
Rising School Strong Attendance
Grades K-05
A-
Rising Tide Charter Public School
1.6 mi | #72 of 346 | Score: 64.1
Improved 118 spots from last year
+5.9 above state avg
610 students Moderate
Strong AP Program High Graduation Rate Rising School College Ready Curriculum
Grades 05-12
M

Middle Schools

3 schools
B-
Kingston Intermediate School
1.5 mi | #467 of 825 | Score: 45.6
Dropped 42 spots from last year
-12.6 below state avg
639 students Less Diverse
Strong Attendance
Grades 03-06
B
Plymouth Community Intermediate School
4.2 mi | #147 of 352 | Score: 44.5
Improved 82 spots from last year
-13.7 below state avg
922 students Moderate
Rising School
Grades 06-08
A
Duxbury Middle School
4.7 mi | #62 of 352 | Score: 54.7
Improved 10 spots from last year
-3.5 below state avg
596 students Less Diverse
Strong Attendance
Grades 06-08
H

High Schools

3 schools
F
Map Academy Charter School
2.3 mi | #339 of 346 | Score: 21.3
Improved 34 spots from last year
-37 below state avg
306 students Moderate
Rising School
Grades 09-12
Sacred Heart High
2.9 mi
Grades 07-12
B+
Plymouth North High School
3.1 mi | #139 of 346 | Score: 57.1
Improved 92 spots from last year
-1.1 below state avg
1,055 students Moderate
19 sports • 1,864 athletes
Strong AP Program Rising School Career Tech Programs Strong Athletics
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

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Including down payment
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $878
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

5-7 Forest Ave, Plymouth MA 02360

Plymouth, MA 02360

Listing Information

Listing Agent Matthew Balitskiy
Listing Office Marcus & Millichap Real Estate Investment Services
Office Phone 617-896-7200
Agent MLS ID CN261161
Office MLS ID AN1252
Listing Data Updated Nov 3, 2026 9:39 AM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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