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32976864
32976839

1122 Ocean St, Marshfield, MA 02050

RC
MA 134301, CT 0754987 (+3)
United Multi Family Corporation
Listed by United Multi Family Corporation
$1,570,000
105 days on market
Updated 9 days ago

15 Rooms in Marshfield MA Seller will Trade or Finance

Details
Property Type Multifamily
Sub Type Apartment Building, Licensed lodging house
Square Footage 10,018
Net Rentable (SqFt) 3,510
Units 15
Cap Rate 9.43%
NOI $148,108
Occupancy 100%
Pro-Forma Cap Rate 9.8%
Pro-Forma NOI $153,833
Price per SqFt $157
Class C
Year Built 1968
Year Renovated 2025,2026
Buildings 1
Stories 2
Lot Size (SqFt) 10,001
Zoning B-2
Investment Type Value Add

Turnkey investment potential: Operational with existing occupancy, allowing for immediate income

Marketing description

SELLER FINANCING OR TRADE FOR ANOTHER PROPERTY. Licensed rooming house located at 1122 Ocean St, Marshfield, MA, is comprised of 15 rooms and 3 full bathrooms totaling 3510 gross square feet in a 2-story garden-style building built in 1968. Owner completed $200K in improvements in 2025 that included the renovation of 12 rooms, 3 baths, and common areas, sprinkler system, and electric panel. The owner is currently replacing all the windows, insulating walls & ceilings, and installing mini-split heat and AC on the 2nd floor. Roof shingles to be replaced, and 3 sides of exterior vinyl siding. The rent for unit 9 is based on its conversion to a studio.

Investment highlights

  • Only Licensed Rooming House in Marshfield

  • On-site manager at reasonable rate

  • $200K in Recent Renovations including 12 rooms and 3 baths plus common areas

Listing Contacts

RC
MA 134301, CT 0754987 (+3)
United Multi Family Corporation
Listed by United Multi Family Corporation

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$148,108.00
$12,342.33/mo

Valuation Metrics

0
DSCR
9.43%
Cap Rate
9.43%
ROI

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