7-9 Savery's Lane
Multifamily | 4-Units | Plymouth, MA
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 7-9 Savery’s Lane in Plymouth, MA (the “Property”). The Property consists of four (4) 2-Bedroom/1-Bathroom apartments with 3,200 square feet of gross living area in 4,946 square feet of gross area. The Property is situated on a 0.13-acre parcel and features four (4) off-street parking spaces.
7-9 Savery's Lane is well-positioned in Plymouth, offering immediate access to the area's vibrant waterfront district, historic downtown, and surrounding residential neighborhoods. The Property benefits from excellent connectivity to major regional roadways including Massachusetts Route 3, U.S. Route 44, and Massachusetts Route 3A, providing convenient access throughout the South Shore, Cape Cod, and Greater Boston. Its walkable location near Plymouth Harbor, local dining, retail, and cultural attractions further enhances the Property's appeal to residents seeking a highly accessible coastal community.
Investment highlights
ACCESS & CONNECTIVITY
The Property enjoys convenient access to Massachusetts Route 3, U.S. Route 44, and Massachusetts Route 3A, providing efficient connectivity throughout the South Shore, Cape Cod, and Greater Boston.
The Property benefits from proximity to downtown Plymouth, Plymouth Harbor, and the area's waterfront, with convenient access to shopping, restaurants, healthcare providers, schools, and everyday services.
Regional transportation is available via the nearby Kingston/Route 3 MBTA Commuter Rail Station, which provides commuter rail service to Boston, while local bus service is available through GATRA bus routes along Court Street, including the Mayflower Link (ML), Liberty Link (LIB), and Freedom Link (FL).
AREA AMENITIES & DEMAND DRIVERS
The area is supported by a diverse employment base, anchored by major employers including Beth Israel Deaconess Hospital–Plymouth, Plymouth Public Schools, and the region's tourism, marine, and hospitality industries, which generate year-round employment.
Plymouth serves as the commercial and governmental center of Plymouth County, offering residents convenient access to national retailers, healthcare providers, restaurants, and professional services throughout the downtown and Route 3 commercial corridors.
The Property benefits from strong demographic fundamentals, with above-average household incomes, continued population growth, and Plymouth's desirable coastal location supporting long-term apartment demand and occupancy.
VALUE-ADD POTENTIAL
In-place rents are below the current market rates for comparably renovated units in the market. The opportunity exists to increase rents to market rates via programmatic upgrades to the unit interiors and common areas, in a highly desirable, supply-constrained market.
SEPARATELY METERED UTILITIES
Tenants are responsible for gas-fired heat, a mix of gas-fired & electric powered hot water, and individually metered electricity. The Landlord is responsible for providing town water & sewer, which they pay directly.
OFF-STREET PARKING & AMENITIES
The Property features four (4) off-street parking spaces for residents. Two (2) of the four (4) units feature in-unit laundry.
STRONG RENTAL DEMOGRAPHICS & DEMAND
More than 7,000 people live within 1 mile of the Property with an average household income of $111,529. Over 25,600 people reside within 3 miles of the Property with an average household income of $144,034.
QUALITY OF LIFE AMENITIES
The Property benefits from close proximity to a variety of dining options throughout downtown Plymouth, including local favorites such as East Bay Grille and Mamma Mia's, in addition to a range of waterfront restaurants, casual dining establishments, and national quick-service operators located along Court Street and nearby commercial corridors.
Retail amenities are anchored by major national operators including Walmart Supercenter and Stop & Shop, as well as regional retailers, pharmacies, grocery stores, and everyday conveniences serving the surrounding community.
The area is further complemented by nearby retail destinations including Plymouth Center and Colony Place, which feature a diverse mix of national retailers, restaurants, entertainment venues, and service-oriented businesses, reinforcing Plymouth's role as South Shore's primary commercial and tourism destination.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
