Renovated Multifamily
259 Belmont Ave, Brockton, MA 02301
For Sale
New
$870,000
R2-zoned property with updated electrical, plumbing, heating, and hot water systems.
Property Size2,520 SF
Price / SF$345.24
Days on Market2
Property Features for 259 Belmont Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Highway Access
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
central air
Building Details
Building Size
Year Built
Year Renovated
Stories
Units
Listing Agency:
Keller Williams Realty
(508) 238-5000
Listed By:
Paul A. Morrison
(781) 706-6423
Source:
Condonrealty
Added: Nov 6
Last Checked: Nov 7 at 10:31AM
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 multifamily property offers 2,520 square feet with an open floor plan in each unit. Renovation work was completed in 2019, including updates to the electrical, plumbing, heating, and hot water systems. The first floor has central air, and the property also includes an oversized garage. Siding, windows, and the roof are described as fairly new.
At 259 Belmont Ave in Brockton, the property is near schools, public transportation, and shops, with access to highways. Zoning is R2.
At 259 Belmont Ave in Brockton, the property is near schools, public transportation, and shops, with access to highways. Zoning is R2.
Key Highlights
- 2,520 square feet
- Renovated in 2019
- Open floor plan in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,472
Cap Rate
4.42%
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 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,898 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
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
$414,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Brockton, MA
Properties on Market for Multifamily properties in Brockton
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - R2-zoned property with updated electrical, plumbing, heating, and hot water systems.
Where is this multifamily property located?
The property is located at 259 Belmont Ave Brockton, MA.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: 2,520 square feet; Renovated in 2019; Open floor plan in each unit
