67 North Street
Exceptional investment opportunity in the heart of downtown Hingham.
Marketing description
Introducing 67–71 North Street — a meticulously maintained three-family property set in the vibrant heart of downtown Hingham, Massachusetts. Offered at $2,399,000, this exceptional income-producing asset delivers the perfect combination of immediate cash flow, long-term appreciation, and versatile upside in one of Greater Boston's most coveted South Shore communities.
Built circa 1840 and thoughtfully preserved, the property comprises three spacious two-bedroom units totaling approximately 3,688 square feet across a prominent corner lot. Every unit has been updated with the amenities today's tenants expect: central air conditioning, gas heat, in-unit washer/dryer, and two dedicated off-street parking spaces per unit — six spaces in all. Hardwood floors, tile, and classic New England character flow throughout.
Two units are currently leased to qualified tenants through August 2026, generating $7,000 per month in rental income. The third unit is vacant and move-in ready — an ideal opportunity for an owner-occupant to live in one of Hingham's most walkable neighborhoods while the building pays for itself, or for an investor to lease immediately and drive the property to its full $84,000 annual income potential.
Location is everything, and 67–71 North Street delivers. Step outside to Hingham's celebrated downtown, where award-winning restaurants, boutique shops, and Hingham Harbor are all within easy walking distance. Commuters are exceptionally well served — the MBTA commuter rail and high-speed ferry to Boston's Financial District are moments away, making this a true live-work-invest destination that attracts high-quality, long-term tenants year after year.
For investors with a longer horizon, the property presents a compelling condominium conversion opportunity. Three well-defined, separately metered units in a premier downtown location represent exactly the type of asset that has historically converted at attractive per-unit values in this market.
Whether you're a seasoned investor seeking a stable South Shore hold, an owner-occupant looking to offset your cost of living, or a developer exploring future conversion potential — 67–71 North Street checks every box. Opportunities like this in downtown Hingham are rare. Don't miss it.
Investment highlights
67–71 North Street represents a rare opportunity to acquire a turnkey, three-unit multifamily asset in the heart of downtown Hingham — one of the South Shore's most sought-after communities. Originally constructed circa 1840, the property has been well-maintained and offers the income stability of a fully leased rent roll alongside immediate value-add optionality through its currently vacant unit.
The property consists of three two-bedroom units across approximately 3,688 square feet of above-grade living area on a corner lot. Each unit features central air conditioning, gas heat, in-unit laundry, and two dedicated off-street parking spaces — a meaningful amenity in this walkable downtown location. The current gross rent roll is $84,000 annually, with two units leased through August 2026 at $3,600 and $3,400 per month respectively, and one unit vacant and available for immediate owner-occupancy or lease-up.
Hingham's downtown submarket commands premium rents underpinned by exceptional quality of life. The property sits steps from Hingham Harbor, the MBTA commuter rail, MBTA ferry to Boston, waterfront dining, and boutique retail — a locational profile that supports strong tenant demand and low vacancy over the long term.
Investors will find multiple paths to value creation: stabilize the vacant unit to achieve a projected gross income of $84,000+; hold as a core income asset in an appreciating South Shore market; occupy one unit while collecting rental income from the other two; or explore condominium conversion of the three units, a strategy the downtown Hingham market has historically supported at attractive per-unit values.
The property carries a clean lead compliance certificate (January 2022), city water and sewer, and poured concrete foundation. Annual operating expenses are modest at approximately $16,775, producing strong net operating income relative to the asset class.
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