Residential Income
242 Green St Brockton, MA 02301
242 Green St, Brockton, MA, 02301
$865,000
Pending
For Sale
$865,000
Pending
Three-family residential property offered for sale, with noted FHA financing limitations.
Property Size3,849 SF
Days on Market74
Property Features for 242 Green St
General Information
- Standard status
- Pending
- Size
- 3,849 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1901
Listing agency
Andrade Associates Real Estate, Inc.
(508) 837-4935
Listed by
Jose Francisco Lopes · License #9083443
Source
Reishomesearch
Added: May 9 Updated: Jul 20 at 11:40PM Checked: Jul 20 at 11:40PM
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 Andrade Associates Real Estate, Inc.
Investment Insights
Based on property information with market context.
This three-family residential income triplex is being offered for sale. The listing notes that the property may not pass FHA loan requirements.
The property is located at 242 Green St in Brockton, Massachusetts.
As a multifamily asset, it is configured as a three-unit building and is positioned for buyers seeking a residential income property rather than FHA-backed financing.
The property is located at 242 Green St in Brockton, Massachusetts.
As a multifamily asset, it is configured as a three-unit building and is positioned for buyers seeking a residential income property rather than FHA-backed financing.
Key Highlights
- Three‑family residential property built in 1901
- 1‑car garage and 5 total parking spaces
- Wood, tile, and other flooring
Local 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 | $99.3k | $25.80 |
| − Vacancy | −$4.5k | −$1.16 |
| EGI | $94.8k | $24.64 |
| − OpEx | −$28.5k | −$7.39 |
| NOI | $66.4k | $17.25 |
3,849 SF · lease $25.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$948.4K
$829.8K – $1.11M
NOI $66,385 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$839.4K
$734.5K – $979.4K
NOI $58,761 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,144 @ 7.0% cap · market cap 14.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-family residential property offered for sale, with noted FHA financing limitations.
Where is this triplex located?
The property is located at 242 Green St Brockton, MA.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: Three‑family residential property built in 1901; 1‑car garage and 5 total parking spaces; Wood, tile, and other flooring
