Multifamily Property with Oversized
For Sale
$875,000
259 Belmont Avenue, Brockton, MA 02301
Renovated in 2019, the property has updated electrical, plumbing, heating, and hot water systems.
Property Size2,520 SF
Price / SF$347.22
Days on Market11
Property Features for 259 Belmont Avenue
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Amenities
central air
Building Details
Year Built
1899
Year Renovated
2019
Listing Agency:
Keller Williams Realty
Listed By:
Paul A. Morrison
(508) 238-5000
Source:
Hgjohnsonrealestate
Added: Oct 8
Changed: Oct 16
Last Checked: Oct 16 at 9:14AM
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 Keller Williams Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,520-square-foot multifamily property was built in 1899 and renovated in 2019. Both units have open floor plans. Electrical, plumbing, heating, and hot water systems have been updated, and the property includes an oversized garage. Central air serves the first floor.
The property is near schools, public transportation, and shops, with access to highways.
The property is near schools, public transportation, and shops, with access to highways.
Key Highlights
- Renovated in 2019
- 2,520 square feet
- Updated electrical, plumbing, heating, and hot water systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,472
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$769,440
$769.4K
Cap Rate 7%
$549,600
$549.6K
Cap Rate 9%
$427,467
$427.5K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$73.8K $29.28/SF
− Vacancy
−$3.8K −$1.52/SF
EGI
$69.9K $27.76/SF
− OpEx
−$31.5K −$12.49/SF
NOI
$38.5K $15.27/SF
Area
Brockton, MA
Vacancy
5.20%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$769,440
Cap Rate 7%
$549,600
Cap Rate 9%
$427,467
Alternative Uses
Best Use
Apartment 5plus
$549.6K
$480.9K – $641.2K
NOI $38,472 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,898 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,015
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Renovated in 2019, the property has updated electrical, plumbing, heating, and hot water systems.
Where is this multifamily property located?
The property is located at 259 Belmont Avenue Brockton, MA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Renovated in 2019; 2,520 square feet; Updated electrical, plumbing, heating, and hot water systems
