Three-Building Multifamily
10-24 University Rd. Brookline, MA 02445
New
For Sale
$15,750,000
Portfolio of three contiguous 7-unit apartment buildings with surface parking and 21 total residential units.
Property Size57,928 SF
Lot Size0.54 Acres
Price / SF$271.89
Days on Market7
Property Features for 10-24 University Rd.
General Information
Standard status
Active
Size
57,928 SF
Lot size
0.54 Acres
Property subtype
Investment
Building Details
Year Built
1910
Listing Agency:
Coelho Realty Group LLC
(617) 477-8223
Listed By:
Joe Danisch
(617) 477-8223
Source:
Elliman
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 29 at 10:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coelho Realty Group LLC
Investment Insights
Based on property information with market context.
This for-sale multifamily portfolio includes three contiguous apartment buildings addressed as 10–12, 16–18, and 22–24 University Rd. Each building is a 7-unit property, and the offering also includes eleven surface-level parking spaces on the combined parcels. The buildings contain gross area within the shells of 57,928 sq. ft., with 21 residential units totaling 35,512 sq. ft. of living space.
The unit mix includes eighteen (18) 4–5 bedroom dwellings across the first, second, and third levels, along with three (3) 1–2 bedroom dwellings on the garden levels. The remarks note potential for value creation through preserving current building designs, as well as exploring unutilized space on the fourth floors/garden levels and possible floorplan rearrangements.
Walk Score is 89 (very walkable) and Transit Score is 69 (good transit), with Bike Score of 57. The property is described as being near Beacon St. and positioned along a transit-oriented throughfare with MBTA access to major employment and education destinations.
The unit mix includes eighteen (18) 4–5 bedroom dwellings across the first, second, and third levels, along with three (3) 1–2 bedroom dwellings on the garden levels. The remarks note potential for value creation through preserving current building designs, as well as exploring unutilized space on the fourth floors/garden levels and possible floorplan rearrangements.
Walk Score is 89 (very walkable) and Transit Score is 69 (good transit), with Bike Score of 57. The property is described as being near Beacon St. and positioned along a transit-oriented throughfare with MBTA access to major employment and education destinations.
Key Highlights
- Portfolio of three contiguous 7‑unit apartment buildings at 10–12, 16–18, and 22–24 University Rd. in Brookline.
- Total of 21 residential units, including eighteen (18) 4–5 bedroom units and three (3) 1–2 bedroom units.
- Cumulative lot size of 23,479 SF across the contiguous parcels, including eleven (11) surface‑level parking spaces.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $2.21M | $38.16 |
| − Vacancy | −$114.9k | −$1.98 |
| EGI | $2.10M | $36.18 |
| − OpEx | −$943.0k | −$16.28 |
| NOI | $1.15M | $19.90 |
57,928 SF · lease $38.16/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$16.47M
$14.41M – $19.21M
NOI $1,152,572 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$34.29M
$30.01M – $40.01M
NOI $2,400,521 @ 7.0% cap · market cap 15.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Portfolio of three contiguous 7-unit apartment buildings with surface parking and 21 total residential units.
Where is this apartment building located?
The property is located at 10-24 University Rd. Brookline, MA.
What is the asking price?
The asking price for this property is $15,750,000.
What are key features of this property?
This property features: Portfolio of three contiguous 7‑unit apartment buildings at 10–12, 16–18, and 22–24 University Rd. in Brookline.; Total of 21 residential units, including eighteen (18) 4–5 bedroom units and three (3) 1–2 bedroom units.; Cumulative lot size of 23,479 SF across the contiguous parcels, including eleven (11) surface‑level parking spaces.
