Multifamily
For Sale
$3,295,000
1343 Beacon St, Brookline, MA 02446
Built in 1905 near Coolidge Corner, the property sits between Harvard St and Saint Paul St on Beacon St.
Property Size5,536 SF
Price / SF$595.20
Days on Market11
Property Features for 1343 Beacon St
General Information
Standard status
Active
Size
5,536 SF
Property subtype
Residential Income
Zoning
G175
Net Operating Income
$158,400
Taxes and HOA fees
Annual Taxes
$28,784
Amenities
Full
Building Details
Building Size
5,536 SF
Year Built
1905
Stories
4
Listing Agency:
City Realty Group
(857) 264-1803
Listed By:
Jacob Simmons
(857) 264-1803
Source:
Evrealestate
Added: Aug 10
Changed: Aug 14
Last Checked: Aug 20 at 4:51AM
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 City Realty Group
Investment Insights
Based on property information with market context.
Located at 1343 Beacon St in Brookline, this multifamily property contains 5,536 square feet and dates to 1905. The property is identified with G175 zoning.
The building is positioned near Coolidge Corner along Beacon St, between Harvard St and Saint Paul St. Its location provides a defined setting within Brookline’s established street network.
The building is positioned near Coolidge Corner along Beacon St, between Harvard St and Saint Paul St. Its location provides a defined setting within Brookline’s established street network.
Key Highlights
- 5,536‑square‑foot multifamily property
- Built in 1905
- G175 zoning
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
$110,148
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
3.34%
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%
$2,202,960
$2.2M
Cap Rate 7%
$1,573,543
$1.6M
Cap Rate 9%
$1,223,867
$1.2M
Market Conditions
NOI Build-Up for 5,536 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
$211.3K $38.16/SF
− Vacancy
−$11.0K −$1.98/SF
EGI
$200.3K $36.18/SF
− OpEx
−$90.1K −$16.28/SF
NOI
$110.1K $19.90/SF
Area
Middlesex County, MA
Vacancy
5.20%
Lease Rate
$38.16 /SF/Yr
Expense Ratio
45.00%
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%
$2,202,960
Cap Rate 7%
$1,573,543
Cap Rate 9%
$1,223,867
Alternative Uses
Best Use
Apartment 5plus
$1.57M
$1.38M – $1.84M
NOI $110,148 @ 7.0% cap · market cap 3.34%
Second Best
Mixed Use
$1.30M
$1.14M – $1.52M
NOI $91,344 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$3.28M
$2.87M – $3.82M
NOI $229,410 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,435
Businesses Nearby
Explore this area
Business Placement
Demographics for 02446, MA
31,957
Population
15,298
Households
2.1
Avg Household Size
34
Median Age
85%
College-Educated
97%
High-School Grad
1.3 sq mi
ZIP Area
24,582
Density / Sq Mi
$127,519
Median Household Income
$73,950
Median Earnings
$2,757
Median Rent
$1,172,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 1905 near Coolidge Corner, the property sits between Harvard St and Saint Paul St on Beacon St.
Where is this multifamily property located?
The property is located at 1343 Beacon St Brookline, MA.
What is the asking price?
The asking price for this property is $3,295,000.
What are key features of this property?
This property features: 5,536‑square‑foot multifamily property; Built in 1905; G175 zoning
