Three-Unit Property with
For Sale
$825,000
12 Third St, Brockton, MA 02301
Finished basement, paved parking, and a private backyard complement the three-family residential layout.
Property Size2,714 SF
Price / SF$303.98
Days on Market58
Property Features for 12 Third St
General Information
Standard status
Active
Size
2,714 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Amenities
finished basement
private backyard
garage
Building Details
Year Built
1925
Listing Agency:
RE/MAX Synergy
Listed By:
Isabel Fernandes Realty Team
(508) 857-5392
Source:
Lawanaandcompany
Added: Aug 10
Changed: Sep 21
Last Checked: Oct 5 at 11:53PM
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 RE/MAX Synergy
Investment Insights
Based on property information with market context.
Built in 1925, this three-family property includes three residential units, each arranged with 2 bedrooms and 1 full bathroom. A finished basement adds usable living or recreational space, while the exterior includes a paved driveway, off-street parking, a garage, and a private backyard. The first floor will be delivered vacant, providing flexibility for an owner-occupant or rental arrangement.
The property is situated near shopping, restaurants, schools, public transportation, and major highways. Its combination of three units, supplemental finished space, and on-site parking supports a range of residential income and occupancy strategies.
The property is situated near shopping, restaurants, schools, public transportation, and major highways. Its combination of three units, supplemental finished space, and on-site parking supports a range of residential income and occupancy strategies.
Key Highlights
- Three units, each with 2 bedrooms and 1 full bathroom
- Finished basement with additional living or recreational space
- Paved driveway with off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,809
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
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
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 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
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Current Use
Lease Details
3
Residential units
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Finished basement, paved parking, and a private backyard complement the three-family residential layout.
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; Finished basement with additional living or recreational space; Paved driveway with off‑street parking
