Updated Quadplex with
For Sale
$849,900
Pending
469 Summer St, Brockton, MA 02302
Four residential units feature renovated kitchens and baths, hardwood flooring, and updated appliances.
Property Size4,174 SF
Days on Market55
Property Features for 469 Summer St
General Information
Standard status
Pending
Size
4,174 SF
Total Parking Spaces
7
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$9,985
Building Details
Building Size
4,174 SF
Year Built
1920
Listing Agency:
CM Realty Associates
Listed By:
Jeffrey Jacques
(857) 445-3917
Source:
Classifiedrealtygroup
Added: Aug 13
Changed: Sep 30
Last Checked: Oct 5 at 3:50PM
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 CM Realty Associates
Investment Insights
Based on property information with market context.
Built in 1920, this quadplex contains four residential units with updated kitchens and bathrooms, new hardwood flooring, and state-of-the-art appliances. A large basement provides additional space for future build-out, while the garage and two driveways expand options for parking, storage, or possible conversion. The property also includes maintained grounds and established tenants.
Located at 469 Summer St in Brockton, Massachusetts, the property is near a major highway, public transportation, and area hospitals. Its setting is described as a quiet section of town with privacy. The existing configuration may suit an owner-occupant or investor seeking a multi-unit residential property.
Located at 469 Summer St in Brockton, Massachusetts, the property is near a major highway, public transportation, and area hospitals. Its setting is described as a quiet section of town with privacy. The existing configuration may suit an owner-occupant or investor seeking a multi-unit residential property.
Key Highlights
- Four‑unit property built in 1920
- Updated kitchens and baths in all units
- New hardwood floors and state‑of‑the‑art appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,990
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,439,800
$1.4M
Cap Rate 7%
$1,028,429
$1.0M
Cap Rate 9%
$799,889
$799.9K
Market Conditions
NOI Build-Up for 4,174 SF
Gross rent
$107.7K $25.80/SF
− Vacancy
−$4.8K −$1.16/SF
EGI
$102.8K $24.64/SF
− OpEx
−$30.9K −$7.39/SF
NOI
$72.0K $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%
$1,439,800
Cap Rate 7%
$1,028,429
Cap Rate 9%
$799,889
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$899.9K – $1.20M
NOI $71,990 @ 7.0% cap · market cap 8.47%
Second Best
Apartment 5plus
$910.3K
$796.5K – $1.06M
NOI $63,723 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $138,964 @ 7.0% cap · market cap 16.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Explore this area
Business Placement
Demographics for 02302, MA
36,202
Population
12,828
Households
2.8
Avg Household Size
38
Median Age
21%
College-Educated
83%
High-School Grad
8.9 sq mi
ZIP Area
4,068
Density / Sq Mi
$87,560
Median Household Income
$45,342
Median Earnings
$1,476
Median Rent
$395,000
Median Home Value
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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?
Quadplex - Four residential units feature renovated kitchens and baths, hardwood flooring, and updated appliances.
Where is this quadplex located?
The property is located at 469 Summer St Brockton, MA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Four‑unit property built in 1920; Updated kitchens and baths in all units; New hardwood floors and state‑of‑the‑art appliances
