Sky & Ocean Villa at Barker Estate

Investment Overview

Northeast Private Client Group, Inc. is pleased to present Sky & Ocean Villa at Barker Estate, a six-unit waterfront multifamily property at 18 Hatherly Road in Scituate, Massachusetts — a coastal South Shore town within walking distance ofScituate Harbor and minutes from the MBTA’s Greenbush commuter line into Boston. Set on the historic 1632 Barker Estate — original farmlands, marshes, stone walls, and ancient oaks — the newly renovated coastal property presents more as a private waterfront villa than a conventional apartment building. It holds a balanced mix of two one-bedroom apartments, three two-bedrooms, and a studio, served by gas forced-hot-air heat, with the landlord covering utilities across the building. Amenities run to a mineral pool and hot tub, a yoga studio and spa bath, and balconies and covered porches with waterfront views, with parking for fourteen vehicles on-site. The property is fully leased, delivering established income today, while in-place rents sit below achievable levels — marking them to market as leases turn adds cash flow without touching the physical plant. Beyond its in-place multifamily income, the estate’s scale and grounds lend flexibility for private events, retreats, and hospitality uses, subject to applicable approvals. Its walkable position near Scituate Harbor and the Greenbush line into Boston keeps rental demand firm and supports the runway to market rents. Please reach out to the deal contacts for more information.

Investment Highlights

• Rents ~$42,000 Below Market: In-place scheduled rent of $226,800 trails the property’s $268,800 gross potential — roughly $42,000 of annual upside as leases roll to market.
• Below-Market Apartments: Several units lease under achievable rent — one two-bedroom at $2,800 against a $4,300 mark, another at $4,000 — flagging clear room to push rents.
• Fully Leased Today: All six units are occupied, giving a buyer established coastal-rental income from day one while the mark-to-market upside is captured over time.
• Villa on the 1632 Barker Estate: The renovated six-unit sits on the historic 1632 Barker Estate with the feel of a private waterfront villa — mineral pool, yoga studio, and ocean-view porches, plus parking for fourteen.
• Waterfront Multifamily: A six-unit building sits minutes from Scituate Harbor, where limited coastal supply keeps demand for water-adjacent rentals firm across the market cycle.
• 51 Minutes to Boston: Downtown Boston is a routed ~30 miles and about 51 minutes north, placing Scituate inside the metro’s commuter shed via the Greenbush Line.