Three-Family Residential
242 Green Street Brockton, MA 02301
242 Green Street, Brockton, MA, 02301
$865,000
For Sale
$865,000
Three-family property for sale at 242 Green Street; seller notes it may not qualify for FHA financing.
Property Size3,849 SF
Price / SF$224.73
Days on Market70
Property Features for 242 Green Street
General Information
- Standard status
- Active
- Size
- 3,849 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1901
Listing agency
Andrade Associates Real Estate,Inc.
Listed by
Jose Francisco Lopes
(781) 878-2478
Source
Trufantre
Added: May 13 Updated: Jul 21 at 6:31PM Checked: Jul 21 at 6:31PM
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 is a three-family residential income property for sale. The listing notes that the property may not pass FHA loan requirements.
The property is located at 242 Green Street in Brockton, Massachusetts (02301).
As a three-unit multifamily asset, it is designed to generate rental income from three separate residences.
The property is located at 242 Green Street in Brockton, Massachusetts (02301).
As a three-unit multifamily asset, it is designed to generate rental income from three separate residences.
Key Highlights
- 3‑family property for sale at 242 Green Street
- Year built: 1901
- Seller notes the property may not qualify for FHA financing
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 property for sale at 242 Green Street; seller notes it may not qualify for FHA financing.
Where is this triplex located?
The property is located at 242 Green Street 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: 3‑family property for sale at 242 Green Street; Year built: 1901; Seller notes the property may not qualify for FHA financing
