Six-Unit Apartment
New
For Sale
$1,200,000
16 Bellevue Avenue, Brockton, MA 02302
Fully occupied residential property with separate utilities, gas heat, parking and storage.
Property Size4,332 SF
Price / SF$277.01
Days on Market6
Property Features for 16 Bellevue Avenue
General Information
Standard status
Active
Size
4,332 SF
Property subtype
Multi-family
Occupancy
100%
Units
Unit Mix
6 x 1BR/1BA
Multifamily Units
6
Additional Details
Gross Income
$105,900
Amenities
parking
storage
Building Details
Year Built
1915
Buildings
1
Listing Agency:
Access
Listed By:
Ryan Gee
(857) 312-3377
Source:
Rosenrealty
Added: Oct 11
Changed: Oct 15
Last Checked: Oct 14 at 10:55PM
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 Access
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Investment Insights
Based on property information with market context.
This 4,332-square-foot apartment building in Brockton contains six one-bedroom, one-bathroom units and was built in 1915. Each apartment has an eat-in kitchen with a pantry and an updated bathroom. Hardwood flooring, high ceilings and natural light are present throughout the units.
Separate utilities serve each apartment, with gas heating. Parking and storage are also provided. The building is fully occupied.
Separate utilities serve each apartment, with gas heating. Parking and storage are also provided. The building is fully occupied.
Key Highlights
- Six apartments, each with one bedroom and one bathroom
- 4,332 square feet; built in 1915
- Fully occupied building in Brockton
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,135
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,322,700
$1.3M
Cap Rate 7%
$944,786
$944.8K
Cap Rate 9%
$734,833
$734.8K
Market Conditions
NOI Build-Up for 4,332 SF
Gross rent
$126.8K $29.28/SF
− Vacancy
−$6.6K −$1.52/SF
EGI
$120.2K $27.76/SF
− OpEx
−$54.1K −$12.49/SF
NOI
$66.1K $15.27/SF
Area
Brockton, MA
Vacancy
5.20%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,322,700
Cap Rate 7%
$944,786
Cap Rate 9%
$734,833
Alternative Uses
Best Use
Apartment 5plus
$944.8K
$826.7K – $1.10M
NOI $66,135 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $144,224 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
515
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied residential property with separate utilities, gas heat, parking and storage.
Where is this apartment building located?
The property is located at 16 Bellevue Avenue Brockton, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Six apartments, each with one bedroom and one bathroom; 4,332 square feet; built in 1915; Fully occupied building in Brockton
