Building Details

Building Size 3,429 SF

Year Built 1900

Listing Agency: Pina & Savage Realty Inc.

Listed By: Yvonne Pina Show Phone

Source: Iverty

Added: Oct 7 Changed: Oct 10 Last Checked: Oct 9 at 9:36PM

Report an Issue

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 Pina & Savage Realty Inc.

Investment Insights

Based on property information with market context.

At 102 Jerome St in Berkley, this 3,429-square-foot multifamily property comprises two units in the front residence and a separate, single-family-style home at the rear. The front units have updated kitchens and baths, hardwood and modern flooring, and laundry hookups. A finished attic room serves as additional flexible space in the upper unit. The rear residence has an open-concept layout, two bedrooms, a full bath, and laundry, along with a custom kitchen featuring granite countertops and stainless-steel appliances.

Built in 1900, the property has received updates to its roof, siding, windows, electrical and plumbing systems, kitchens, baths, flooring, and interior finishes. The separate rear home provides physical separation from the front residence.

Key Highlights

• Three residences: two units in the front building and a separate rear home
• 3,429 square feet; built in 1900
• Rear residence has two bedrooms, a full bath, laundry, and an open‑concept layout

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$56,950

Cap Rate

7.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,139,000 $1.1M

Cap Rate 7%

$813,571 $813.6K

Cap Rate 9%

$632,778 $632.8K

Market Conditions

NOI Build-Up for 3,429 SF

Gross rent

$111.1K $32.40/SF

− Vacancy

−$7.6K −$2.20/SF

EGI

$103.5K $30.20/SF

− OpEx

−$46.6K −$13.59/SF

NOI

$56.9K $16.61/SF

Area

Bristol County, MA

Vacancy

6.80%

Lease Rate

$32.40 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,139,000

Cap Rate 7%

$813,571

Cap Rate 9%

$632,778

Alternative Uses

Best Use

Apartment 5plus

$813.6K

$711.9K – $949.2K (±1% cap)

NOI $56,950 @ 7.0% cap · market cap 7.59%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.09M

$1.83M – $2.44M (±1% cap)

NOI $146,174 @ 7.0% cap · market cap 19.49%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Building Supply Nail Salon Electrical Service Hair Salon Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

19

Businesses Nearby

Explore this area Business Placement

Demographics for 02779, MA

6,764

Population

2,428

Households

2.8

Avg Household Size

43

Median Age

37%

College-Educated

95%

High-School Grad

16.5 sq mi

ZIP Area

410

Density / Sq Mi

$123,877

Median Household Income

$59,702

Median Earnings

$472,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Steel Day Care Center

68 South Main, Berkley, MA 02779

$704,900

2,000 SF

View details

Industrial Boat Storage Facility

23 Bryant St, Berkley, MA 02779

$1,299,900

15,000 SF

View details

Flex Space with Overhead Door

46 County St, Berkley, MA 02779

Contact for pricing

View details

Frequently Asked Questions

What type of property is this?

Multifamily property - Two residences occupy the front building, with a separate single-family-style home positioned behind it.

Where is this multifamily property located?

The property is located at 102 Jerome St Berkley, MA.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: Three residences: two units in the front building and a separate rear home; 3,429 square feet; built in 1900; Rear residence has two bedrooms, a full bath, laundry, and an open‑concept layout