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1122 Ocean St 3,368 SF Specialty Building Offered at $1,570,000 at a 8.51% Cap Rate in Marshfield, MA 02050
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
Executive Summary
The licensed rooming house located at 1122 Ocean Street, Marshfield, MA, consists of 15 rooms and 3 full bathrooms, totaling 3,510 gross square feet (as per the attached plans) in a two-story garden-style building built in 1968, according to public records. Approximately $200,000 has been invested in recent improvements, including the renovation of 12 rooms, 3 bathrooms, and common areas, as stated by the owner. The property is situated on a 10,000 square foot lot, which includes 8 parking spaces at the front and approximately 20 spaces in the rear, according to the owner. There is an on-site resident manager who is willing to stay for a reasonable fee. Unit 14 features an all-in-one kitchen, and Section 8 will pay a higher rent for this unit.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$192,492
|
$57.15
|
| Other Income |
$2,400
|
$0.71
|
| Vacancy Loss |
$9,264
|
$2.75
|
| Effective Gross Income |
$185,628
|
$55.12
|
| Taxes |
$5,874
|
$1.74
|
| Operating Expenses |
$45,853
|
$13.61
|
| Total Expenses |
$51,727
|
$15.36
|
| Net Operating Income |
$133,901
|
$39.76
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $192,492 |
| Annual Per SF | $57.15 |
| Other Income | |
|---|---|
| Annual | $2,400 |
| Annual Per SF | $0.71 |
| Vacancy Loss | |
|---|---|
| Annual | $9,264 |
| Annual Per SF | $2.75 |
| Effective Gross Income | |
|---|---|
| Annual | $185,628 |
| Annual Per SF | $55.12 |
| Taxes | |
|---|---|
| Annual | $5,874 |
| Annual Per SF | $1.74 |
| Operating Expenses | |
|---|---|
| Annual | $45,853 |
| Annual Per SF | $13.61 |
| Total Expenses | |
|---|---|
| Annual | $51,727 |
| Annual Per SF | $15.36 |
| Net Operating Income | |
|---|---|
| Annual | $133,901 |
| Annual Per SF | $39.76 |
Property Facts
Amenities
- Property Manager on Site
- Smoke Detector
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Property Taxes
| Parcel Number | MARS-000009K-000002-000004 | Total Assessment | $570,100 |
| Land Assessment | $295,500 | Annual Taxes | $5,874 ($1.74/SF) |
| Improvements Assessment | $274,600 | Tax Year | 2025 |
Property Taxes
Parcel Number
MARS-000009K-000002-000004
Land Assessment
$295,500
Improvements Assessment
$274,600
Total Assessment
$570,100
Annual Taxes
$5,874 ($1.74/SF)
Tax Year
2025
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1122 Ocean St
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