Renovated Duplex with
For Sale
$1,100,000
168 Brook Rd, Milton, MA 02186
Two residential units offer distinct layouts, updated finishes, hardwood floors, and convenient transportation access.
Property Size3,500 SF
Days on Market42
Property Features for 168 Brook Rd
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 5BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,025
Building Details
Building Size
3,500 SF
Year Built
1910
Buildings
1
Stories
3
Units
2
Listing Agency:
(617) 436-2000
Listed By:
Team Galvin
(617) 436-2000
Source:
Elliman
Added: Jul 21
Changed: Aug 31
Last Checked: Aug 31 at 4:47PM
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 Team Galvin
Investment Insights
Based on property information with market context.
Built in 1910, this renovated duplex at 168 Brook Rd includes two separate residential units with varied layouts and updated interior finishes. The first unit contains 2 bedrooms, 1 bath, a living room, dining room, and kitchen. The second includes 5 bedrooms, 2 updated baths, a living room, formal dining room, updated kitchen with quartz countertops and stainless steel appliances, and additional living space on the second level.
Both units feature LED recessed lighting, tall ceilings, natural light, original millwork, built-ins, and hardwood flooring. Washer and dryer hookups are provided. The property also includes ample off-street parking and access to public transportation and nearby highways. Milton records a walk score of 76, transit score of 59, and bike score of 53.
Both units feature LED recessed lighting, tall ceilings, natural light, original millwork, built-ins, and hardwood flooring. Washer and dryer hookups are provided. The property also includes ample off-street parking and access to public transportation and nearby highways. Milton records a walk score of 76, transit score of 59, and bike score of 53.
Key Highlights
- Two‑family duplex with 2‑bedroom and 5‑bedroom unit layouts
- Unit 2 includes 2 updated baths, quartz countertops, and stainless steel appliances
- Both units feature hardwood floors, original millwork, built‑ins, and tall ceilings
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
$62,697
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
5.70%
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%
$1,253,940
$1.3M
Cap Rate 7%
$895,671
$895.7K
Cap Rate 9%
$696,633
$696.6K
Market Conditions
NOI Build-Up for 3,500 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
$94.5K $27.00/SF
− Vacancy
−$4.9K −$1.41/SF
EGI
$89.6K $25.59/SF
− OpEx
−$26.9K −$7.68/SF
NOI
$62.7K $17.91/SF
Area
Norfolk County, MA
Vacancy
5.22%
Lease Rate
$27.00 /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%
$1,253,940
Cap Rate 7%
$895,671
Cap Rate 9%
$696,633
Alternative Uses
Best Use
Multifamily LT 5
$895.7K
$783.7K – $1.04M
NOI $62,697 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$826.4K
$723.1K – $964.1K
NOI $57,848 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $145,039 @ 7.0% cap · market cap 13.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
605
Businesses Nearby
Explore this area
Business Placement
Demographics for 02186, MA
28,637
Population
9,447
Households
3
Avg Household Size
41
Median Age
70%
College-Educated
96%
High-School Grad
13.7 sq mi
ZIP Area
2,090
Density / Sq Mi
$177,222
Median Household Income
$83,510
Median Earnings
$1,545
Median Rent
$896,500
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 - Two residential units offer distinct layouts, updated finishes, hardwood floors, and convenient transportation access.
Where is this duplex located?
The property is located at 168 Brook Rd Milton, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two‑family duplex with 2‑bedroom and 5‑bedroom unit layouts; Unit 2 includes 2 updated baths, quartz countertops, and stainless steel appliances; Both units feature hardwood floors, original millwork, built‑ins, and tall ceilings
