Three-Unit Triplex with Finished
For Sale
$825,000
Pending
12 Third St, Brockton, MA 02301
Residential Income, Brockton, MA
Property Size2,714 SF
Lot Size0.14 Acres
Days on Market61
Property Features for 12 Third St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 4, Bathroom 4, Bathroom 3, Bedroom 6, Bathroom 1
Parking
4
Fireplace
1
Directions
Kindly use GPS
Standard status
Pending
APN
M:070 R:061 S:
Size
2,714 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8251
Building Details
Year built
1925
Floors in Building
3
Number of units
3
Listing Agency:
RE/MAX Synergy · RE/MAX International
(508) 857-5392
Listed By:
Luis B Martins
(774) 360-1997
Added: Jul 7
Changed: Sep 5
Last Checked: Sep 5 at 1:06PM
MLS# 73545793
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1925 triplex contains 2,714 square feet arranged as three residential units, with each unit offering 2 bedrooms and 1 full bathroom. A finished basement adds usable interior space, while the property also includes a fireplace, paved driveway, garage, and private backyard. The first-floor unit will be delivered vacant.
Set on 0.1377 acres in Brockton, the property is near shopping, restaurants, schools, public transportation, and major highways. R2 zoning supports its multifamily configuration. The combination of three similarly configured units, existing parking, and additional basement space provides a straightforward residential income property profile.
Set on 0.1377 acres in Brockton, the property is near shopping, restaurants, schools, public transportation, and major highways. R2 zoning supports its multifamily configuration. The combination of three similarly configured units, existing parking, and additional basement space provides a straightforward residential income property profile.
Key Highlights
- Three units, each with 2 bedrooms and 1 full bathroom
- 2,714 square feet on a 0.1377‑acre lot
- Finished basement provides additional interior space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,809
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$936,180
$936.2K
Cap Rate 7%
$668,700
$668.7K
Cap Rate 9%
$520,100
$520.1K
Market Conditions
NOI Build-Up for 2,714 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$70.0K $25.80/SF
− Vacancy
−$3.2K −$1.16/SF
EGI
$66.9K $24.64/SF
− OpEx
−$20.1K −$7.39/SF
NOI
$46.8K $17.25/SF
Area
Brockton, MA
Vacancy
4.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$936,180
Cap Rate 7%
$668,700
Cap Rate 9%
$520,100
Alternative Uses
Best Use
Multifamily LT 5
$668.7K
$585.1K – $780.2K
NOI $46,809 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$591.9K
$517.9K – $690.6K
NOI $41,434 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,357 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
766
Businesses Nearby
Explore this area
Business Placement
Demographics for 02301, MA
69,418
Population
24,592
Households
2.8
Avg Household Size
37
Median Age
22%
College-Educated
81%
High-School Grad
12.4 sq mi
ZIP Area
5,598
Density / Sq Mi
$72,727
Median Household Income
$43,588
Median Earnings
$1,566
Median Rent
$414,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units, off-street parking, a garage, and private outdoor space support flexible occupancy options.
Where is this triplex located?
The property is located at 12 Third St Brockton, MA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Three units, each with 2 bedrooms and 1 full bathroom; 2,714 square feet on a 0.1377‑acre lot; Finished basement provides additional interior space
