Duplex with Updated
For Sale
$810,000
28 Elm Ave, Brockton, MA 02301
A four-bedroom townhouse-style residence pairs with separate utilities and off-street parking.
Property Size2,154 SF
Days on Market8
Property Features for 28 Elm Ave
General Information
Standard status
Active
Size
2,154 SF
Property subtype
Investment
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,844
Building Details
Building Size
2,154 SF
Year Built
1891
Buildings
1
Stories
3
Units
2
Listed By:
Vickie E. Smith
(781) 956-9542
Source:
Elliman
Added: Sep 28
Last Checked: Oct 4 at 12:10PM
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 Vickie E. Smith
Investment Insights
Based on property information with market context.
This duplex includes a four-bedroom townhouse-style unit, updated kitchens and baths, and separate utility service for the units. Improvements include two gas-fired warm-air heating systems, electrical and plumbing upgrades, and newer roof, siding, and windows. A delead certificate is available for Unit #2. The property was built in 1891.
Off-street parking serves the property at 28 Elm Ave in Brockton. Walk Score is 82, Bike Score is 52, and Transit Score is 53.
Off-street parking serves the property at 28 Elm Ave in Brockton. Walk Score is 82, Bike Score is 52, and Transit Score is 53.
Key Highlights
- Four‑bedroom townhouse‑style unit
- Separate utilities for the units
- Two gas‑fired warm‑air heating systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,151
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,020
$743.0K
Cap Rate 7%
$530,729
$530.7K
Cap Rate 9%
$412,789
$412.8K
Market Conditions
NOI Build-Up for 2,154 SF
Gross rent
$55.6K $25.80/SF
− Vacancy
−$2.5K −$1.16/SF
EGI
$53.1K $24.64/SF
− OpEx
−$15.9K −$7.39/SF
NOI
$37.2K $17.25/SF
Area
Brockton, MA
Vacancy
4.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,020
Cap Rate 7%
$530,729
Cap Rate 9%
$412,789
Alternative Uses
Best Use
Multifamily LT 5
$530.7K
$464.4K – $619.2K
NOI $37,151 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$469.8K
$411.1K – $548.1K
NOI $32,884 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$1.02M
$896.4K – $1.20M
NOI $71,713 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,040
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - A four-bedroom townhouse-style residence pairs with separate utilities and off-street parking.
Where is this duplex located?
The property is located at 28 Elm Ave Brockton, MA.
What is the asking price?
The asking price for this property is $810,000.
What are key features of this property?
This property features: Four‑bedroom townhouse‑style unit; Separate utilities for the units; Two gas‑fired warm‑air heating systems
