Vacant Two-Family
New
For Sale
$629,900
47 Kingman St, Brockton, MA 02302
Vacant residential income property with two spacious bedrooms, full-sized kitchens, a level yard, and off-street parking.
Property Size1,563 SF
Days on Market3
Property Features for 47 Kingman St
General Information
Standard status
Active
Size
1,563 SF
Property subtype
Investment
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,722
Building Details
Building Size
1,563 SF
Year Built
1900
Stories
2
Units
2
Listing Agency:
Cameron Real Estate Group
Listed By:
Bob DeVito · License #9084980
(978) 821-2404
Source:
Elliman
Added: Sep 5
Last Checked: Sep 7 at 9:36AM
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 Cameron Real Estate Group
Investment Insights
Based on property information with market context.
This two-family duplex, built in 1900, is delivered vacant and includes spacious bedrooms, full-sized kitchens, and separate residential living areas. The property also features a large flat yard and off-street parking, adding practical outdoor and vehicle accommodations.
Located at 47 Kingman St in Brockton, the property records a walk score of 82, classified as Very Walkable, along with a transit score of 50, classified as Good Transit. Its bike score is 51, classified as Bikeable.
Located at 47 Kingman St in Brockton, the property records a walk score of 82, classified as Very Walkable, along with a transit score of 50, classified as Good Transit. Its bike score is 51, classified as Bikeable.
Key Highlights
- Two‑family duplex delivered vacant
- Built in 1900
- Spacious bedrooms and full‑sized kitchens
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
$26,958
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
4.28%
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%
$539,160
$539.2K
Cap Rate 7%
$385,114
$385.1K
Cap Rate 9%
$299,533
$299.5K
Market Conditions
NOI Build-Up for 1,563 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
$40.3K $25.80/SF
− Vacancy
−$1.8K −$1.16/SF
EGI
$38.5K $24.64/SF
− OpEx
−$11.6K −$7.39/SF
NOI
$27.0K $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 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%
$539,160
Cap Rate 7%
$385,114
Cap Rate 9%
$299,533
Alternative Uses
Best Use
Multifamily LT 5
$385.1K
$337.0K – $449.3K
NOI $26,958 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$340.9K
$298.3K – $397.7K
NOI $23,862 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$743.4K
$650.5K – $867.3K
NOI $52,037 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
492
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant residential income property with two spacious bedrooms, full-sized kitchens, a level yard, and off-street parking.
Where is this duplex located?
The property is located at 47 Kingman St Brockton, MA.
What is the asking price?
The asking price for this property is $629,900.
What are key features of this property?
This property features: Two‑family duplex delivered vacant; Built in 1900; Spacious bedrooms and full‑sized kitchens
