Three-Family Residential Income
24 East Chestnut Street Brockton, MA 02301
For Sale
$860,000
Three-unit residential property with updated second- and third-floor units, separate utilities, and off-street parking.
Property Size2,759 SF
Price / SF$311.71
Days on Market121
Property Features for 24 East Chestnut Street
General Information
- Standard status
- Active
- Size
- 2,759 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1849
Listing Agency:
Cameron Real Estate Group
(617) 435-1097
Listed By:
Rico Vicente · License #9529061
Source:
Eganrealtygroup
Added: Mar 25
Changed: Jul 23
Last Checked: Jul 23 at 4:15PM
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 three-family residential income property offers three separate units with a mix of updated and remaining value-add elements. Two of the three units have been remodeled, including updated kitchens with modern cabinetry, stainless steel appliances, and solid stone countertops, along with newly updated bathrooms. Flooring has been updated with vinyl throughout the remodeled units, and the interior has been freshly painted. The second and third-floor systems have also been updated, including plumbing, electrical, water tanks, and the forced hot air heating system. A one-year-old roof is noted, and Unit 2 is currently vacant and ready for a new tenant or for owner occupancy. The first-floor unit is in need of updating and offers four bedrooms.
The property includes separate utilities and off-street parking for four cars, along with a shared back yard and a one-car garage. It is conveniently located near public transportation, shops, and local amenities.
The property includes separate utilities and off-street parking for four cars, along with a shared back yard and a one-car garage. It is conveniently located near public transportation, shops, and local amenities.
Key Highlights
- 1849‑built 3‑family home with updated second- and third‑floor units
- Second and third floor updates include updated kitchens with modern cabinetry, stainless appliances, and stone countertops
- Both updated units feature newly updated bathrooms, vinyl flooring, and fresh paint
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.2k | $25.80 |
| − Vacancy | −$3.2k | −$1.16 |
| EGI | $68.0k | $24.64 |
| − OpEx | −$20.4k | −$7.39 |
| NOI | $47.6k | $17.25 |
2,759 SF · lease $25.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$679.8K
$594.8K – $793.1K
NOI $47,585 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$601.7K
$526.5K – $702.0K
NOI $42,121 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,855 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-unit residential property with updated second- and third-floor units, separate utilities, and off-street parking.
Where is this triplex located?
The property is located at 24 East Chestnut Street Brockton, MA.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: 1849‑built 3‑family home with updated second- and third‑floor units; Second and third floor updates include updated kitchens with modern cabinetry, stainless appliances, and stone countertops; Both updated units feature newly updated bathrooms, vinyl flooring, and fresh paint
