Eight-Bedroom
For Sale
$900,000
236 Market St, Brockton, MA 02301
Multifamily property with a private yard and dedicated garage parking.
Property Size3 SF
Price / SF$379.59
Days on Market54
Property Features for 236 Market St
General Information
Standard status
Active
Size
3 SF
Total Parking Spaces
1
Property subtype
3 Family
Amenities
private yard
Building Details
Building Size
3 SF
Year Built
1900
Listing Agency:
IVerty Realty, LLC
(774) 274-1152
Listed By:
Brendan Monteiro · License #452508574
(774) 274-1152
Source:
Iverty
Added: Jul 9
Changed: Aug 29
Last Checked: Aug 30 at 5:19PM
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 IVerty Realty, LLC
Investment Insights
Based on property information with market context.
This triplex at 236 Market St provides 2,371 square feet of living space arranged around eight bedrooms and three full bathrooms. The bathrooms are described as well maintained, while the private yard adds outdoor space for residents. A one-car garage provides on-site parking and secure storage.
Built in 1900, the property offers a substantial residential configuration within Brockton, Massachusetts. Its bedroom count, bathroom layout, yard, and garage create a clearly defined multifamily setup for an owner or operator evaluating residential income property.
Built in 1900, the property offers a substantial residential configuration within Brockton, Massachusetts. Its bedroom count, bathroom layout, yard, and garage create a clearly defined multifamily setup for an owner or operator evaluating residential income property.
Key Highlights
- 2,371 square feet of living space
- Eight bedrooms and three full bathrooms
- Triplex configuration
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
$40,893
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
4.54%
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%
$817,860
$817.9K
Cap Rate 7%
$584,186
$584.2K
Cap Rate 9%
$454,367
$454.4K
Market Conditions
NOI Build-Up for 2,371 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
$61.2K $25.80/SF
− Vacancy
−$2.8K −$1.16/SF
EGI
$58.4K $24.64/SF
− OpEx
−$17.5K −$7.39/SF
NOI
$40.9K $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%
$817,860
Cap Rate 7%
$584,186
Cap Rate 9%
$454,367
Alternative Uses
Best Use
Multifamily LT 5
$584.2K
$511.2K – $681.6K
NOI $40,893 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$517.1K
$452.5K – $603.3K
NOI $36,197 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$1.13M
$986.7K – $1.32M
NOI $78,937 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
Explore this area
Business Placement
Demographics for 02301, MA
69,418
Population
24,592
Households
2.8
Avg Household Size
37
Median Age
22%
College-Educated
81%
High-School Grad
12.4 sq mi
ZIP Area
5,598
Density / Sq Mi
$72,727
Median Household Income
$43,588
Median Earnings
$1,566
Median Rent
$414,200
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?
Triplex - Multifamily property with a private yard and dedicated garage parking.
Where is this triplex located?
The property is located at 236 Market St Brockton, MA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 2,371 square feet of living space; Eight bedrooms and three full bathrooms; Triplex configuration
